AvalonBay Communities, Inc. $AVB Shares Purchased by Vident Advisory LLC

Key Points

• Vident Advisory LLC increased its stake in AvalonBay Communities by 78.6%, acquiring an additional 16,191 shares to reach a total of 36,784 shares valued at approximately $7.9 million.
• The stock of AvalonBay Communities has shown an increase of 0.6%, with a current market cap of $27.89 billion and a recent price-to-earnings ratio of 24.12.
• AvalonBay Communities reported earnings per share (EPS) of $2.82 for the last quarter, slightly exceeding analysts' expectations, yet its revenue fell short of forecasts at $689.9 million.

Vident Advisory LLC grew its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 78.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,784 shares of the real estate investment trust's stock after purchasing an additional 16,191 shares during the quarter. Vident Advisory LLC's holdings in AvalonBay Communities were worth $7,895,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AVB. Nuveen LLC acquired a new stake in AvalonBay Communities during the 1st quarter worth $280,226,000. GAMMA Investing LLC grew its holdings in shares of AvalonBay Communities by 21,024.3% in the first quarter. GAMMA Investing LLC now owns 550,500 shares of the real estate investment trust's stock valued at $118,148,000 after purchasing an additional 547,894 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of AvalonBay Communities by 7.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,520,036 shares of the real estate investment trust's stock valued at $1,184,712,000 after purchasing an additional 367,853 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of AvalonBay Communities in the fourth quarter valued at about $78,759,000. Finally, Bank of America Corp DE grew its holdings in shares of AvalonBay Communities by 86.3% in the fourth quarter. Bank of America Corp DE now owns 614,118 shares of the real estate investment trust's stock valued at $135,088,000 after purchasing an additional 284,421 shares during the period. Institutional investors and hedge funds own 92.61% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Piper Sandler reissued a "neutral" rating and issued a $200.00 price objective (down previously from $255.00) on shares of AvalonBay Communities in a report on Monday, August 4th. Barclays dropped their price objective on shares of AvalonBay Communities from $241.00 to $228.00 and set an "equal weight" rating for the company in a report on Tuesday, August 12th. Wall Street Zen raised shares of AvalonBay Communities from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Morgan Stanley raised shares of AvalonBay Communities from an "equal weight" rating to an "overweight" rating and decreased their target price for the company from $228.00 to $225.00 in a research report on Wednesday, August 13th. Finally, Royal Bank Of Canada decreased their target price on shares of AvalonBay Communities from $216.00 to $211.00 and set a "sector perform" rating on the stock in a research report on Friday, August 1st. Six research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $223.43.

AvalonBay Communities Stock Performance

Shares of AVB traded up $0.10 during mid-day trading on Thursday, reaching $191.17. 176,408 shares of the company's stock were exchanged, compared to its average volume of 820,882. The business's fifty day simple moving average is $195.95 and its 200-day simple moving average is $203.94. AvalonBay Communities, Inc. has a 52-week low of $180.40 and a 52-week high of $239.29. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market capitalization of $27.22 billion, a PE ratio of 23.54, a price-to-earnings-growth ratio of 2.82 and a beta of 0.87.

AvalonBay Communities (NYSE:AVB - Get Free Report) last issued its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 EPS for the quarter, topping the consensus estimate of $2.80 by $0.02. The company had revenue of $689.90 million for the quarter, compared to analyst estimates of $759.08 million. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. During the same period in the previous year, the firm earned $2.77 EPS. AvalonBay Communities has set its FY 2025 guidance at 11.190-11.590 EPS. Q3 2025 guidance at 2.750-2.850 EPS. On average, equities research analysts expect that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

Insider Buying and Selling at AvalonBay Communities

In other news, CFO Kevin P. O'shea sold 6,000 shares of AvalonBay Communities stock in a transaction on Monday, June 16th. The stock was sold at an average price of $207.57, for a total transaction of $1,245,420.00. Following the completion of the transaction, the chief financial officer owned 22,782 shares of the company's stock, valued at $4,728,859.74. The trade was a 20.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Edward M. Schulman sold 5,945 shares of AvalonBay Communities stock in a transaction on Friday, June 13th. The stock was sold at an average price of $205.67, for a total value of $1,222,708.15. Following the transaction, the executive vice president directly owned 17,617 shares of the company's stock, valued at $3,623,288.39. This trade represents a 25.23% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.45% of the company's stock.

AvalonBay Communities Profile

AvalonBay Communities, Inc is a real estate investment trust, which engages in the development, acquisition, ownership, and operation of multifamily communities. It operates through the following segments: Same Store, Other Stabilized, and Development or Redevelopment. The Same Store segment refers to the operating communities that were owned and had stabilized occupancy.