AvalonBay Communities (NYSE:AVB) Rating Lowered to “Sell” at Wall Street Zen

Wall Street Zen cut shares of AvalonBay Communities (NYSE:AVB) from a hold rating to a sell rating in a report issued on Saturday morning.

A number of other research firms also recently weighed in on AVB. Wells Fargo & Company reduced 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 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 report on Tuesday, July 15th. Evercore ISI reduced their target price on shares of AvalonBay Communities from $216.00 to $212.00 and set an “in-line” rating on the stock in a report on Tuesday, August 12th. Mizuho restated a “neutral” rating and issued a $199.00 target price (down from $213.00) on shares of AvalonBay Communities in a report on Thursday, August 14th. Finally, JPMorgan Chase & Co. reduced their target price on shares of AvalonBay Communities from $251.00 to $249.00 and set an “overweight” rating on the stock in a report on Tuesday, June 17th. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $218.42.

AvalonBay Communities Stock Down 1.2%

Shares of AVB stock opened at $192.87 on Friday. The stock has a market cap of $27.46 billion, a P/E ratio of 23.75, a PEG ratio of 2.81 and a beta of 0.87. AvalonBay Communities has a 52 week low of $180.40 and a 52 week high of $239.29. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. The company’s fifty day simple moving average is $194.51 and its two-hundred day simple moving average is $202.25.

AvalonBay Communities (NYSE:AVB) last posted its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.80 by $0.02. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. The firm had revenue of $689.90 million for the quarter, compared to the consensus estimate of $759.08 million. During the same period in the previous year, the firm 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. Analysts predict that AvalonBay Communities will post 11.48 EPS for the current fiscal year.

Institutional Investors Weigh In On AvalonBay Communities

Several hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. lifted its position in shares of AvalonBay Communities by 253.6% in the 2nd quarter. Osaic Holdings Inc. now owns 22,862 shares of the real estate investment trust’s stock worth $4,654,000 after purchasing an additional 16,396 shares during the period. Carronade Capital Management LP lifted its position in shares of AvalonBay Communities by 5.9% in the 2nd quarter. Carronade Capital Management LP now owns 51,047 shares of the real estate investment trust’s stock worth $10,388,000 after purchasing an additional 2,862 shares during the period. Hudson Bay Capital Management LP purchased a new stake in shares of AvalonBay Communities in the 2nd quarter worth approximately $10,746,000. Geneos Wealth Management Inc. lifted its position in shares of AvalonBay Communities by 129.5% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the real estate investment trust’s stock worth $222,000 after purchasing an additional 615 shares during the period. Finally, Westwood Holdings Group Inc. lifted its position in shares of AvalonBay Communities by 0.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 20,168 shares of the real estate investment trust’s stock worth $4,104,000 after purchasing an additional 155 shares during the period. Hedge funds and other institutional investors own 92.61% of the company’s stock.

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.