AvalonBay CommunitiesAVB
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
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
Research analyst outlook
13 Wall Street Analysts provided 1 year price targets over the past 3 months
13 analyst ratings
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 |
Financial journalist opinion
Based on 13 articles about AVB published over the past 30 days