United Services Automobile Association Takes Position in AvalonBay Communities, Inc. $AVB

United Services Automobile Association acquired a new stake in AvalonBay Communities, Inc. (NYSE:AVB) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,315 shares of the real estate investment trust’s stock, valued at approximately $708,000.

Several other institutional investors have also modified their holdings of AVB. Vanguard Group Inc. raised its position in shares of AvalonBay Communities by 0.4% during 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 position in shares of AvalonBay Communities by 7.1% during 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 position in shares of AvalonBay Communities by 3.9% during 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 position in shares of AvalonBay Communities by 5.2% during 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 position in shares of AvalonBay Communities by 4.2% during 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. Institutional investors and hedge funds own 92.61% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AVB. Evercore ISI cut their target price on AvalonBay Communities from $216.00 to $212.00 and set an “in-line” rating on the stock in a research report on Tuesday, August 12th. UBS Group cut their target price on AvalonBay Communities from $238.00 to $216.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 15th. Barclays cut their target price on AvalonBay Communities from $241.00 to $228.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 12th. Mizuho reissued a “neutral” rating and set a $199.00 price target (down from $213.00) on shares of AvalonBay Communities in a research report on Thursday, August 14th. Finally, Wall Street Zen raised AvalonBay Communities from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Five equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $221.46.

Insider Transactions at AvalonBay Communities

In related 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 value of $1,245,420.00. Following the completion of the sale, the chief financial officer 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Edward M. Schulman sold 5,945 shares of the business’s 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 completion of the sale, the executive vice president directly owned 17,617 shares of the company’s stock, valued at approximately $3,623,288.39. The trade was a 25.23% decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

AvalonBay Communities Stock Up 0.4%

Shares of AvalonBay Communities stock opened at $195.15 on Wednesday. The stock has a 50-day moving average price of $195.19 and a 200 day moving average price of $203.18. The company has a market cap of $27.79 billion, a P/E ratio of 24.03, a P/E/G ratio of 2.80 and a beta of 0.87. The company has a current ratio of 0.70, a quick 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.

AvalonBay Communities (NYSE:AVB) last announced 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 firm had revenue of $689.90 million during the quarter, compared to the consensus estimate of $759.08 million. AvalonBay Communities had a return on equity of 9.70% and a net margin of 38.91%.During the same period in the prior year, the business 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. As a group, analysts expect that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

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.