AvalonBay Communities
AVB

$223.60

1.29%

Market Cap: $31.8B

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

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 13 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

22% more repeat investments, than reductions

Existing positions increased: 276 | Existing positions reduced: 227

16% more capital invested

Capital invested by funds: $22.9B [Q1] → $26.5B (+$3.62B) [Q2]

3.3% more ownership

Funds ownership: 86.99% [Q1] → 90.3% (+3.3%) [Q2]

1% more funds holding

Funds holding: 685 [Q1] → 692 (+7) [Q2]

10% more first-time investments, than exits

New positions opened: 80 | Existing positions closed: 73

0% more funds holding in top 10

Funds holding in top 10: 16 [Q1] → 16 (+0) [Q2]

46% less call options, than puts

Call options by funds: $40.7M | Put options by funds: $75.3M

See Fund Rankings

Research analyst outlook

13 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$207

7%

downside

Avg. target

$224

0%

upside

High target

$255

14%

upside

13 analyst ratings

3 positive

23%

10 neutral

77%

0 negative

0%

Evercore ISI Group Steve Sakwa 66% 1-year accuracy 31 / 47 met price target	0%downside $223	In-Line Maintained	28 Aug 2024
Truist Securities Michael Lewis 84% 1-year accuracy 37 / 44 met price target	3%upside $230	Hold Maintained	27 Aug 2024
Scotiabank Nicholas Yulico 68% 1-year accuracy 15 / 22 met price target	2%upside $229	Sector Perform Maintained	26 Aug 2024
Wells Fargo James Feldman 82% 1-year accuracy 14 / 17 met price target	9%upside $244	Overweight Maintained	26 Aug 2024
Evercore ISI Group Steve Sakwa 66% 1-year accuracy 31 / 47 met price target	3%downside $216	In-Line Maintained	12 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 13 articles about AVB published over the past 30 days

AvalonBay Communities, Inc. Announces Participation in Bank of America's Global Real Estate Conference

ARLINGTON, Va.--(BUSINESS WIRE)--AVALONBAY COMMUNITIES, INC. (NYSE: AVB) (the “Company”) announced today that Benjamin W. Schall, the Company's CEO and President, and select members of the Company's management team will be participating in a roundtable discussion at Bank of America's Global Real Estate Conference on Tuesday, September 10, 2024, at 10:20 A.M. Eastern Time. During this event, management may discuss the Company's current operating environment and trends; development, redevelopment.

AvalonBay Communities, Inc. Announces Participation in Bank of America's Global Real Estate Conference

AvalonBay Communities, Inc. Prices Public Offering of 3,200,000 Shares of Common Stock

ARLINGTON, Va.--(BUSINESS WIRE)--AVALONBAY COMMUNITIES, INC. (NYSE: AVB) (the “Company”) announced today that it has priced an underwritten public offering of 3,200,000 shares of common stock, all of which are being offered in connection with the forward sale agreements described below, for expected gross proceeds of approximately $710.4 million. Goldman Sachs & Co. LLC, BofA Securities, Deutsche Bank Securities Inc. and Morgan Stanley are acting as joint book-running managers for the offer.

AvalonBay Communities, Inc. Prices Public Offering of 3,200,000 Shares of Common Stock

AvalonBay Communities, Inc. Announces Public Offering of 3,200,000 Shares of Common Stock

ARLINGTON, Va.--(BUSINESS WIRE)--AVALONBAY COMMUNITIES, INC. (NYSE: AVB) (the “Company”) announced today that it is commencing an underwritten public offering of 3,200,000 shares of common stock in connection with the forward sale agreements described below. Goldman Sachs & Co. LLC, BofA Securities, Deutsche Bank Securities Inc. and Morgan Stanley are acting as joint book-running managers for the offering. In connection with the offering, the Company intends to grant the underwriters a 30-d.

AvalonBay Communities, Inc. Announces Public Offering of 3,200,000 Shares of Common Stock

AvalonBay Communities, Inc. Provides Third Quarter 2024 Operating Update and Publishes Updated Investor Presentation

ARLINGTON, Va.--(BUSINESS WIRE)--AVALONBAY COMMUNITIES, INC. (NYSE: AVB) (the “Company”) today provided an update on certain third quarter Same Store Residential operating metrics. The Same Store Residential operating metrics presented in the following tables were generally consistent with the Company's expectations for these metrics for the two months ended August 31, 2024 when the Company published its updated outlook for full year 2024 Same Store Residential revenue growth on July 31, 2024.

AvalonBay Communities, Inc. Provides Third Quarter 2024 Operating Update and Publishes Updated Investor Presentation

AvalonBay: Limited Upside And Overvalued

AvalonBay owns and manages residential properties, with a focus on the West and East Coast markets. It has low leverage, strong liquidity, and a track record of good past performance. However, the current valuation and the decelerating rental rate growth create an opportunity risk for investors.

AvalonBay: Limited Upside And Overvalued

2 REITs To Buy Before Rate Cuts

REITs are surging in value. Interest rates are likely headed to lower levels. Here are 2 REITs that should greatly benefit.

2 REITs To Buy Before Rate Cuts

A Summer To Remember

U.S. equity markets climbed to record-highs while benchmark interest rates rebounded from eight-month lows on a relatively quiet end-of-summer week as investors parsed a 'Goldilocks' slate of economic data. PCE data showed modest inflationary pressures in July - keeping the Fed on course for multiple rate cuts by year-end - while consumer spending and consumer confidence data topped estimates. Posting gains for a fourth week following a three-week skid in late July, the S&P 500 gained another 0.3% this week. The Dow Jones finished the week at all-time record-highs.

A Summer To Remember

Zacks Investment Research

AvalonBay Communities (AVB) Up 15.4% YTD: Will It Rise Further?

AvalonBay (AVB) is poised to benefit from high-quality assets in premium markets and portfolio diversification. It has a healthy balance sheet and is leveraging technology and scale to drive margins.

AvalonBay Communities (AVB) Up 15.4% YTD: Will It Rise Further?

10 REITs With The Best Risk Ratings

REITs have rallied strongly recently, with a 7.93% increase in the past 3 months. Recent economic data suggests rate cuts have changed sentiment towards the real estate sector rapidly. Blue chip REITs still offer upside potential, with UDR, Rexford, and Invitation Homes standing out as potential best values.

10 REITs With The Best Risk Ratings

Chasing Goldilocks

U.S. equity markets rallied while benchmark interest rates remained near the lows of the year after a critical slate of inflation data showed further encouraging signs of cooling price pressures. The Consumer Price Index posted a downside surprise for a fourth straight month, underscored by a "2-Handle" on Headline CPI, which follows a period of historically high inflation from 2021 to 2023. Sparking a renewed "Goldilocks" narrative, Retail Sales data was notably stronger than expected in July - posting its strongest monthly increase in 18 months - while Jobless Claims also moderated.

Chasing Goldilocks

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