Brooklyn Investment Group Boosts Stake in AvalonBay Communities, Inc. $AVB

Brooklyn Investment Group increased its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 265.9% during the first quarter, HoldingsChannel.com reports. The fund owned 677 shares of the real estate investment trust’s stock after buying an additional 492 shares during the period. Brooklyn Investment Group’s holdings in AvalonBay Communities were worth $145,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in AvalonBay Communities by 0.4% in the 1st 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 in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of AvalonBay Communities by 35.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,152,183 shares of the real estate investment trust’s stock valued at $1,133,328,000 after purchasing an additional 1,336,698 shares during the last quarter. JPMorgan Chase & Co. lifted its position in 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 buying an additional 143,646 shares in the last quarter. Northern Trust Corp lifted its position in AvalonBay Communities by 54.8% during the fourth quarter. Northern Trust Corp now owns 2,642,743 shares of the real estate investment trust’s stock worth $581,324,000 after buying an additional 935,770 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in AvalonBay Communities by 0.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,285,889 shares of the real estate investment trust’s stock worth $490,598,000 after buying an additional 19,188 shares during the last quarter. Hedge funds and other institutional investors own 92.61% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Piper Sandler reaffirmed a “neutral” rating and issued a $200.00 target price (down from $255.00) on shares of AvalonBay Communities in a research note on Monday, August 4th. Barclays cut their price objective on shares of AvalonBay Communities from $241.00 to $228.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 12th. UBS Group reduced their target price on shares of AvalonBay Communities from $238.00 to $216.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 15th. Morgan Stanley raised shares of AvalonBay Communities from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $228.00 to $225.00 in a research note on Wednesday, August 13th. Finally, Mizuho reaffirmed a “neutral” rating and set a $199.00 price target (down previously from $213.00) on shares of AvalonBay Communities in a research report on Thursday, August 14th. Six analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $225.64.

Insiders Place Their Bets

In related news, CFO Kevin P. O’shea sold 6,000 shares of the business’s stock in a transaction 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 sale, the chief financial officer owned 22,782 shares in the company, valued at approximately $4,728,859.74. The trade was a 20.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Edward M. Schulman sold 5,945 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president owned 17,617 shares of the company’s stock, valued at $3,623,288.39. This trade 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 owned by corporate insiders.

AvalonBay Communities Trading Down 0.4%

Shares of AVB stock opened at $190.5950 on Thursday. AvalonBay Communities, Inc. has a 1-year low of $180.40 and a 1-year high of $239.29. The firm has a market cap of $27.14 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 2.74 and a beta of 0.86. The company has a 50-day moving average of $198.64 and a two-hundred day moving average of $205.82. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.70.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.80 by $0.02. The business had revenue of $689.90 million for 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 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. On average, analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current 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.