AvalonBay CommunitiesAVB
AVB
About: AvalonBay Communities owns a portfolio of 281 apartment communities with over 87,000 units and is developing 18 additional properties with over 6,200 units. The company focuses on owning large, high-quality properties in major metropolitan areas of New England, New York/New Jersey, Washington D.C., California, and the Pacific Northwest.
Employees: 3,039
0
Funds holding %
of 6,814 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
64% more first-time investments, than exits
New positions opened: 90 | Existing positions closed: 55
24% more repeat investments, than reductions
Existing positions increased: 286 | Existing positions reduced: 231
3% more funds holding
Funds holding: 699 [Q2] → 720 (+21) [Q3]
4% more capital invested
Capital invested by funds: $27.8B [Q2] → $28.9B (+$1.11B) [Q3]
4.06% less ownership
Funds ownership: 94.42% [Q2] → 90.36% (-4.06%) [Q3]
41% less call options, than puts
Call options by funds: $45.7M | Put options by funds: $77.4M
63% less funds holding in top 10
Funds holding in top 10: 16 [Q2] → 6 (-10) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$233
11%
upside
Avg. target
$244
16%
upside
High target
$262
24%
upside
5 analyst ratings
2 positive
40%
3 neutral
60%
0 negative
0%
Mizuho Vikram Malhotra 63% 1-year accuracy 5 / 8 met price target | 15%upside $242 | Outperform Upgraded | 6 Jan 2025 |
Barclays Anthony Powell 43% 1-year accuracy 13 / 30 met price target | 15%upside $243 | Equal-Weight Maintained | 17 Dec 2024 |
JP Morgan Anthony Paolone 33% 1-year accuracy 6 / 18 met price target | 24%upside $262 | Overweight Upgraded | 17 Dec 2024 |
Scotiabank Nicholas Yulico 31% 1-year accuracy 11 / 36 met price target | 14%upside $241 | Sector Perform Maintained | 14 Nov 2024 |
RBC Capital Brad Heffern 42% 1-year accuracy 15 / 36 met price target | 11%upside $233 | Sector Perform Maintained | 6 Nov 2024 |
Financial journalist opinion
Based on 4 articles about AVB published over the past 30 days
Positive
Seeking Alpha
1 day ago
Why REIT Struggles Now Could Lead To Big Gains: Lessons From A Billionaire Investor
REITs are so cheap that they are getting the attention of billionaires. Legendary investor Barry Sternlicht is loading up on REITs. We discuss what he is buying and why.
Neutral
Business Wire
3 days ago
AvalonBay Communities, Inc. Announces Fourth Quarter 2024 Earnings Release Date
ARLINGTON, Va.--(BUSINESS WIRE)--AVALONBAY COMMUNITIES, INC. (NYSE: AVB) (the “Company”) will release its fourth quarter 2024 earnings on February 5, 2025 after the market close. The Company will hold a conference call on February 6, 2025 at 1:00 PM Eastern Time (ET) to discuss its fourth quarter 2024 results. Live Conference Call Details Domestic: (877) 407-9716 International: (201) 493-6779 Webcast: https://investors.avalonbay.com Details for the.
Neutral
Seeking Alpha
1 week ago
Sector Spotlight: Multifamily REITs - They Survived Until 2025!
COVID-19 led to a migration to Sunbelt cities, causing a surge in apartment rents and subsequent overbuilding, which is now stabilizing. Multifamily REITs saw a decline in valuations but are now modestly valued with a P/AFFO multiple averaging 18.3x, higher than the broader REIT market. Despite suppressed rent growth and occupancy, strong job markets and reduced new supply suggest the potential for landlords to regain pricing power.
Positive
Zacks Investment Research
3 weeks ago
Should AvalonBay Communities Stock be Retained in Your Portfolio Now?
AVB is set to gain from healthy renter demand, strategic buyouts and technological enhancements. Yet, elevated supply and high interest expenses are concerns.
Positive
Seeking Alpha
1 month ago
Property Type Round-Up From REITworld 2024
REITs are poised for growth with stabilizing interest rates, low new supply, and robust balance sheets supporting higher rents and long-term asset growth. Healthcare REITs benefit from strong senior housing demand and limited new supply, despite valuation debates and management changes at Healthcare Realty. Multifamily and single-family rental sectors show regional variability, but long-term growth driven by demographic trends.
Positive
Zacks Investment Research
1 month ago
AvalonBay Stock Gains 19.2% in Six Months: More Room to Run?
AVB is set to gain from the solid demand for high-quality assets in premium markets with portfolio diversification. The high supply of rental units is a concern.
Positive
The Motley Fool
1 month ago
3 Industry-Leading High-Yield REITs to Buy With $1,000 and Hold Forever
The S&P 500 index (^GSPC 0.30%) average yield is just 1.2% today. You can do much better than that without too much effort.
Neutral
Seeking Alpha
1 month ago
AvalonBay Stock: 6 Reasons Why I'm Skeptical Of The Price
We are currently maintaining our hold recommendation for AvalonBay. Our fair value estimate for the stock ranges from $210.36 to $219.73. AVB offers a potential total return of 5.26% as compared to 5.17% for their fixed-income instrument. The 9 bps premium for the equity is insufficient compensation in our view. In evaluating the apartment REIT sector dividend yield as compared to single-A corporate bond effective yield, we also see signs that the sector may be overvalued.
Neutral
The Motley Fool
1 month ago
This Stock Deserves a Closer Look by Savvy Investors
This Stock Deserves a Closer Look by Savvy Investors
Positive
Benzinga
1 month ago
Buy These 6 RE Stocks That Deserve a Home in Your Portfolio
The U.S. Federal Reserve is on a chopping spree this autumn, cutting its benchmark Federal Funds rate by 0.50% in September and lopping off another 0.25% in early November. The moves brought the Fed Funds rate down to a target range of 4.50% to 4.75%.
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