Swedbank AB Buys 26,797 Shares of AvalonBay Communities, Inc. $AVB

Swedbank AB increased its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 77.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,588 shares of the real estate investment trust’s stock after acquiring an additional 26,797 shares during the quarter. Swedbank AB’s holdings in AvalonBay Communities were worth $13,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Proathlete Wealth Management LLC bought a new position in AvalonBay Communities during the 1st quarter worth approximately $29,000. Opal Wealth Advisors LLC bought a new position in AvalonBay Communities during the 1st quarter worth approximately $33,000. Keystone Global Partners LLC bought a new position in AvalonBay Communities during the 1st quarter worth approximately $45,000. Zions Bancorporation National Association UT bought a new position in AvalonBay Communities during the 1st quarter worth approximately $50,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in AvalonBay Communities during the 4th quarter worth approximately $53,000. 92.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Mizuho reiterated a “neutral” rating and issued a $199.00 price objective (down from $213.00) on shares of AvalonBay Communities in a research report on Thursday, August 14th. JPMorgan Chase & Co. cut their price objective on AvalonBay Communities from $251.00 to $249.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 17th. Truist Financial upgraded AvalonBay Communities from a “hold” rating to a “buy” rating and cut their price objective for the stock from $224.00 to $218.00 in a research report on Thursday. Barclays cut their price objective 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. Finally, Morgan Stanley upgraded AvalonBay Communities from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $228.00 to $225.00 in a research note on Wednesday, August 13th. Five analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $218.08.

AvalonBay Communities Stock Down 0.7%

AvalonBay Communities stock opened at $195.38 on Monday. The firm has a market cap of $27.82 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 2.81 and a beta of 0.87. The stock has a fifty day simple moving average of $194.70 and a two-hundred day simple moving average of $202.48. AvalonBay Communities, Inc. has a 12 month low of $180.40 and a 12 month high of $239.29. 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 (NYSE:AVB) last posted its 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 analyst estimates of $759.08 million. AvalonBay Communities had a return on equity of 9.70% and a net margin of 38.91%.During the same quarter last year, the company 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. Equities analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

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.