AvalonBay Communities, Inc. $AVB Shares Sold by Sarasin & Partners LLP

Sarasin & Partners LLP trimmed its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 3.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,485 shares of the real estate investment trust’s stock after selling 959 shares during the period. Sarasin & Partners LLP’s holdings in AvalonBay Communities were worth $5,186,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of AVB. D. E. Shaw & Co. Inc. raised its holdings in shares of AvalonBay Communities by 8.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,094 shares of the real estate investment trust’s stock worth $901,000 after purchasing an additional 323 shares during the period. Toronto Dominion Bank raised its stake in AvalonBay Communities by 7.6% during the fourth quarter. Toronto Dominion Bank now owns 75,999 shares of the real estate investment trust’s stock worth $16,718,000 after acquiring an additional 5,349 shares during the period. State of Wyoming raised its stake in AvalonBay Communities by 433.8% during the fourth quarter. State of Wyoming now owns 2,119 shares of the real estate investment trust’s stock worth $466,000 after acquiring an additional 1,722 shares during the period. Two Sigma Investments LP raised its stake in AvalonBay Communities by 12.0% during the fourth quarter. Two Sigma Investments LP now owns 6,512 shares of the real estate investment trust’s stock worth $1,432,000 after acquiring an additional 697 shares during the period. Finally, Woodline Partners LP acquired a new stake in shares of AvalonBay Communities during the 4th quarter worth approximately $31,283,000. 92.61% of the stock is owned by institutional investors and hedge funds.

AvalonBay Communities Stock Performance

Shares of AVB opened at $192.19 on Wednesday. The firm’s 50 day moving average is $194.32 and its 200-day moving average is $202.18. The stock has a market capitalization of $27.36 billion, a P/E ratio of 23.67, a P/E/G ratio of 2.78 and a beta of 0.87. 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, Inc. has a 12-month low of $180.40 and a 12-month 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 company had revenue of $689.90 million for the quarter, compared to analysts’ expectations 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 previous year, the company posted $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. Equities research analysts anticipate that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AVB shares. Barclays dropped their price target 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. Truist Financial raised AvalonBay Communities from a “hold” rating to a “buy” rating and dropped their target price for the stock from $224.00 to $218.00 in a research report on Thursday, September 11th. Royal Bank Of Canada dropped their target price on AvalonBay Communities from $216.00 to $211.00 and set a “sector perform” rating on the stock in a research report on Friday, August 1st. Scotiabank dropped 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. Finally, Mizuho reaffirmed a “neutral” rating and issued a $199.00 price objective (down previously from $213.00) on shares of AvalonBay Communities in a report on Thursday, August 14th. Five research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $218.42.

About AvalonBay Communities

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.