Warwick Investment Management Inc. Purchases New Shares in AvalonBay Communities, Inc. $AVB

Key Points

• Warwick Investment Management Inc. has acquired a new stake in AvalonBay Communities, purchasing 1,301 shares valued at approximately $279,000 in the first quarter of 2023.
• AvalonBay Communities has received varying ratings from research firms, with Barclays lowering its price target from $241.00 to $228.00, while other firms like Wall Street Zen upgraded the stock from "sell" to "hold."
• The residential real estate investment trust reported earnings of $2.82 per share for the last quarter, exceeding analysts' expectations by $0.02, despite revenue falling short of projections at $689.90 million.

Warwick Investment Management Inc. purchased a new stake in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,301 shares of the real estate investment trust's stock, valued at approximately $279,000.

Several other institutional investors and hedge funds have also recently modified their holdings of AVB. Achmea Investment Management B.V. raised its holdings in shares of AvalonBay Communities by 33.5% during the 1st quarter. Achmea Investment Management B.V. now owns 23,068 shares of the real estate investment trust's stock valued at $4,951,000 after buying an additional 5,791 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of AvalonBay Communities by 4.9% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,476 shares of the real estate investment trust's stock valued at $10,404,000 after buying an additional 2,243 shares in the last quarter. Vert Asset Management LLC raised its holdings in shares of AvalonBay Communities by 5.0% during the 1st quarter. Vert Asset Management LLC now owns 66,660 shares of the real estate investment trust's stock valued at $14,307,000 after buying an additional 3,199 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of AvalonBay Communities by 9.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 344,505 shares of the real estate investment trust's stock valued at $73,938,000 after buying an additional 28,608 shares in the last quarter. Finally, GF Fund Management CO. LTD. purchased a new position in shares of AvalonBay Communities during the 4th quarter valued at about $568,000. Hedge funds and other institutional investors own 92.61% of the company's stock.

AvalonBay Communities Trading Up 0.6%

Shares of AVB traded up $1.26 during mid-day trading on Friday, hitting $195.87. 886,025 shares of the company's stock traded hands, compared to its average volume of 1,026,723. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. AvalonBay Communities, Inc. has a 1 year low of $180.40 and a 1 year high of $239.29. The firm has a market capitalization of $27.89 billion, a P/E ratio of 24.12, a PEG ratio of 2.82 and a beta of 0.86. The business's 50-day moving average price is $196.75 and its 200-day moving average price is $204.40.

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

Insider Activity at AvalonBay Communities

In other news, CFO Kevin P. O'shea sold 6,000 shares of the business's stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 22,782 shares of the company's stock, valued at approximately $4,728,859.74. The trade was a 20.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Edward M. Schulman sold 5,945 shares of AvalonBay Communities stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $205.67, for a total value of $1,222,708.15. Following the sale, the executive vice president owned 17,617 shares in the company, valued at $3,623,288.39. This represents a 25.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AVB has been the topic of a number of research reports. Wells Fargo & Company decreased their price objective on AvalonBay Communities from $244.00 to $213.00 and set an "overweight" rating on the stock in a report on Wednesday. Scotiabank decreased their price objective on AvalonBay Communities from $236.00 to $226.00 and set a "sector perform" rating on the stock in a report on Thursday, August 14th. Morgan Stanley raised AvalonBay Communities from an "equal weight" rating to an "overweight" rating and decreased their price objective for the company from $228.00 to $225.00 in a report on Wednesday, August 13th. Wall Street Zen raised AvalonBay Communities from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, JPMorgan Chase & Co. decreased their price target on AvalonBay Communities from $251.00 to $249.00 and set an "overweight" rating on the stock in a research note on Tuesday, June 17th. Six research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $223.43.

AvalonBay Communities Company 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.