AvalonBay Communities, Inc. $AVB Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. decreased its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 54.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 545 shares of the real estate investment trust’s stock after selling 644 shares during the quarter. Advisors Asset Management Inc.’s holdings in AvalonBay Communities were worth $117,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of AVB. Proathlete Wealth Management LLC acquired a new position in shares of AvalonBay Communities during the 1st quarter valued at about $29,000. Opal Wealth Advisors LLC purchased a new stake in AvalonBay Communities in the 1st quarter valued at about $33,000. Keystone Global Partners LLC purchased a new stake in AvalonBay Communities in the 1st quarter valued at about $45,000. Zions Bancorporation National Association UT purchased a new stake in AvalonBay Communities in the 1st quarter valued at about $50,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in AvalonBay Communities in the 4th quarter valued at about $53,000. Institutional investors and hedge funds own 92.61% of the company’s stock.

AvalonBay Communities Stock Down 0.7%

Shares of NYSE:AVB opened at $195.38 on Friday. 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 firm has a market capitalization of $27.82 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 2.83 and a beta of 0.87. The firm’s 50-day moving average is $194.70 and its two-hundred day moving average is $202.75. AvalonBay Communities, Inc. has a 1 year low of $180.40 and a 1 year high of $239.29.

AvalonBay Communities (NYSE:AVB) last released its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.80 by $0.02. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. The firm had revenue of $689.90 million for the quarter, compared to analyst estimates of $759.08 million. During the same period in the prior 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. Analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

Insider Buying and Selling at AvalonBay Communities

In related news, CFO Kevin P. O’shea sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $207.57, for a total transaction of $1,245,420.00. Following the sale, the chief financial officer directly owned 22,782 shares in the company, valued at approximately $4,728,859.74. This represents 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 the SEC website. Insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on AVB shares. Scotiabank reduced their price objective on shares of AvalonBay Communities from $236.00 to $226.00 and set a “sector perform” rating on the stock in a report on Thursday, August 14th. UBS Group reduced their price objective on shares of AvalonBay Communities from $238.00 to $216.00 and set a “neutral” rating on the stock in a report on Tuesday, July 15th. Wells Fargo & Company reduced their price objective on shares of AvalonBay Communities from $244.00 to $213.00 and set an “overweight” rating on the stock in a report on Wednesday, August 27th. Mizuho restated a “neutral” rating and issued a $199.00 price objective (down from $213.00) on shares of AvalonBay Communities in a report on Thursday, August 14th. Finally, Royal Bank Of Canada reduced their price objective on shares of AvalonBay Communities from $216.00 to $211.00 and set a “sector perform” rating on the stock in a report on Friday, August 1st. Five investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $218.08.

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.