AvalonBay Communities
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 Q3 regulatory filings by fund managers ($100M+ AUM)
24% more repeat investments, than reductions
Existing positions increased: 282 | Existing positions reduced: 227
20% more first-time investments, than exits
New positions opened: 89 | Existing positions closed: 74
2% more funds holding
Funds holding: 697 [Q2] → 712 (+15) [Q3]
4% more capital invested
Capital invested by funds: $26.9B [Q2] → $28.1B (+$1.16B) [Q3]
3.36% less ownership
Funds ownership: 91.6% [Q2] → 88.23% (-3.36%) [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
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Scotiabank Nicholas Yulico 56% 1-year accuracy 18 / 32 met price target | 5%upside $241 | Sector Perform Maintained | 14 Nov 2024 |
RBC Capital Brad Heffern 74% 1-year accuracy 28 / 38 met price target | 2%upside $233 | Sector Perform Maintained | 6 Nov 2024 |
Scotiabank Nicholas Yulico 56% 1-year accuracy 18 / 32 met price target | 6%upside $244 | Sector Perform Maintained | 16 Sept 2024 |
Evercore ISI Group Steve Sakwa 53% 1-year accuracy 31 / 59 met price target | 0%downside $229 | In-Line Maintained | 16 Sept 2024 |
JP Morgan Anthony Paolone 33% 1-year accuracy 6 / 18 met price target | 8%upside $247 | Neutral Maintained | 16 Sept 2024 |
Financial journalist opinion
Based on 13 articles about AVB published over the past 30 days
