141,892 Shares in AvalonBay Communities, Inc. $AVB Acquired by Strs Ohio

Strs Ohio purchased a new position in shares of AvalonBay Communities, Inc. (NYSE:AVB) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 141,892 shares of the real estate investment trust’s stock, valued at approximately $30,453,000.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in AvalonBay Communities by 0.4% in the first quarter. Vanguard Group Inc. now owns 22,672,682 shares of the real estate investment trust’s stock worth $4,866,011,000 after purchasing an additional 96,790 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in 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 worth $1,184,712,000 after purchasing an additional 367,853 shares during the period. JPMorgan Chase & Co. raised its holdings in AvalonBay Communities by 3.9% in the first quarter. JPMorgan Chase & Co. now owns 3,814,430 shares of the real estate investment trust’s stock worth $818,653,000 after purchasing an additional 143,646 shares during the period. Northern Trust Corp raised its holdings in AvalonBay Communities by 5.2% in the first quarter. Northern Trust Corp now owns 2,779,484 shares of the real estate investment trust’s stock worth $596,533,000 after purchasing an additional 136,741 shares during the period. Finally, Wellington Management Group LLP raised its holdings in AvalonBay Communities by 4.2% in the first quarter. Wellington Management Group LLP now owns 2,594,073 shares of the real estate investment trust’s stock worth $556,740,000 after purchasing an additional 105,098 shares during the period. 92.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AVB has been the topic of several analyst reports. Wells Fargo & Company cut their target price 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. UBS Group cut their target price 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. Wall Street Zen upgraded shares of AvalonBay Communities from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Evercore ISI lowered their price objective on shares of AvalonBay Communities from $216.00 to $212.00 and set an “in-line” rating for the company in a research report on Tuesday, August 12th. Finally, Piper Sandler reissued a “neutral” rating and set a $200.00 price objective (down previously from $255.00) on shares of AvalonBay Communities in a research report on Monday, August 4th. Five research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $218.08.

Insiders Place Their Bets

In related news, CFO Kevin P. O’shea sold 6,000 shares of the firm’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of $207.57, for a total value 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 approximately $4,728,859.74. This trade represents a 20.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.45% of the company’s stock.

AvalonBay Communities Stock Up 2.3%

Shares of AVB stock opened at $197.07 on Friday. The firm has a fifty day moving average of $194.87 and a 200-day moving average of $202.95. 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 12-month low of $180.40 and a 12-month high of $239.29. The company has a market capitalization of $28.06 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 2.77 and a beta of 0.87.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.02. The company 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 quarter 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. As a group, equities research analysts predict that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

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.