Nomura Holdings Inc. Buys 14,234 Shares of AvalonBay Communities, Inc. $AVB

Nomura Holdings Inc. boosted its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 67.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,402 shares of the real estate investment trust’s stock after purchasing an additional 14,234 shares during the period. Nomura Holdings Inc.’s holdings in AvalonBay Communities were worth $7,598,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Achmea Investment Management B.V. lifted its position in AvalonBay Communities by 33.5% during the first quarter. Achmea Investment Management B.V. now owns 23,068 shares of the real estate investment trust’s stock valued at $4,951,000 after purchasing an additional 5,791 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in AvalonBay Communities by 4.9% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,476 shares of the real estate investment trust’s stock valued at $10,404,000 after purchasing an additional 2,243 shares during the period. Vert Asset Management LLC lifted its position in AvalonBay Communities by 5.0% during the first quarter. Vert Asset Management LLC now owns 66,660 shares of the real estate investment trust’s stock valued at $14,307,000 after purchasing an additional 3,199 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in AvalonBay Communities by 9.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 344,505 shares of the real estate investment trust’s stock valued at $73,938,000 after purchasing an additional 28,608 shares during the period. Finally, GF Fund Management CO. LTD. bought a new position in AvalonBay Communities during the fourth quarter valued at approximately $568,000. Institutional investors own 92.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AVB. UBS Group decreased their price target on shares of AvalonBay Communities from $238.00 to $216.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 15th. Mizuho reiterated a “neutral” rating and issued a $199.00 price target (down from $213.00) on shares of AvalonBay Communities in a research report on Thursday, August 14th. Piper Sandler reiterated a “neutral” rating and issued a $200.00 price target (down from $255.00) on shares of AvalonBay Communities in a research report on Monday, August 4th. Royal Bank Of Canada decreased their price target on shares of 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. Finally, Wells Fargo & Company decreased their price target on shares of AvalonBay Communities from $244.00 to $213.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 27th. Six investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $223.43.

Insider Buying and Selling at AvalonBay Communities

In related news, EVP Edward M. Schulman sold 5,945 shares of the firm’s stock in a transaction on Friday, June 13th. The shares were sold at an average price of $205.67, for a total transaction of $1,222,708.15. Following the completion of the transaction, the executive vice president directly owned 17,617 shares of the company’s stock, valued at approximately $3,623,288.39. This trade represents a 25.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kevin P. O’shea sold 6,000 shares of the firm’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of $207.57, for a total transaction of $1,245,420.00. Following the transaction, the chief financial officer directly owned 22,782 shares of the company’s stock, valued at $4,728,859.74. The trade was a 20.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.45% of the company’s stock.

AvalonBay Communities Stock Performance

Shares of NYSE AVB opened at $195.87 on Monday. The firm has a fifty day moving average price of $196.75 and a 200-day moving average price of $204.29. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market cap of $27.89 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 2.82 and a beta of 0.87. 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 analysts’ consensus estimates of $2.80 by $0.02. The firm had revenue of $689.90 million during 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 period in the prior year, the company posted $2.77 earnings per share. 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 anticipate that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal 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.