UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Sells 1,588,632 Shares of AvalonBay Communities, Inc. $AVB

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC decreased its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 89.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 184,366 shares of the real estate investment trust’s stock after selling 1,588,632 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.13% of AvalonBay Communities worth $39,569,000 as of its most recent SEC filing.

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

AvalonBay Communities Stock Performance

Shares of AVB opened at $192.87 on Tuesday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.71. The stock has a market cap of $27.46 billion, a P/E ratio of 23.75, a PEG ratio of 2.81 and a beta of 0.87. The company has a 50-day moving average of $194.51 and a two-hundred day moving average of $202.25. AvalonBay Communities, Inc. has a 12-month low of $180.40 and a 12-month high of $239.29.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.80 by $0.02. The business had revenue of $689.90 million during the quarter, compared to the consensus estimate 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 posted $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, research analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Wall Street Zen downgraded shares of AvalonBay Communities from a “hold” rating to a “sell” rating in a report on Saturday. UBS Group lowered their price objective on shares of AvalonBay Communities from $238.00 to $216.00 and set a “neutral” rating for the company in a research note on Tuesday, July 15th. Evercore ISI lifted their price objective on shares of AvalonBay Communities from $212.00 to $216.00 and gave the company an “in-line” rating in a report on Monday. Truist Financial raised shares of AvalonBay Communities from a “hold” rating to a “buy” rating and dropped their price objective for the company from $224.00 to $218.00 in a research note on Thursday, September 11th. Finally, Scotiabank decreased their target price 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. Five research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $218.42.

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.