AvalonBay Communities, Inc. (NYSE:AVB) SVP Sells $35,381.25 in Stock

AvalonBay Communities, Inc. (NYSE:AVB) SVP Keri A. Shea sold 185 shares of the firm’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $191.25, for a total value of $35,381.25. Following the completion of the sale, the senior vice president now directly owns 280 shares in the company, valued at approximately $53,550. This represents a 39.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

AvalonBay Communities Price Performance

AvalonBay Communities stock opened at $223.28 on Thursday. The stock’s 50 day moving average is $227.59 and its 200 day moving average is $218.94. AvalonBay Communities, Inc. has a one year low of $169.37 and a one year high of $239.29. The firm has a market cap of $31.76 billion, a P/E ratio of 30.54, a P/E/G ratio of 3.30 and a beta of 0.98. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.64 and a quick ratio of 1.64.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $2.61 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.10). AvalonBay Communities had a net margin of 36.20% and a return on equity of 8.84%. The firm had revenue of $734.31 million during the quarter, compared to the consensus estimate of $731.67 million. During the same period in the prior year, the company posted $2.66 earnings per share. As a group, research analysts expect that AvalonBay Communities, Inc. will post 11.03 EPS for the current year.

AvalonBay Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $1.70 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $6.80 dividend on an annualized basis and a yield of 3.05%. AvalonBay Communities’s payout ratio is currently 93.02%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AVB. Royal Bank of Canada dropped their price objective on AvalonBay Communities from $234.00 to $233.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 6th. Evercore ISI raised their price target on shares of AvalonBay Communities from $225.00 to $229.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. JPMorgan Chase & Co. upgraded shares of AvalonBay Communities from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $247.00 to $262.00 in a research report on Tuesday, December 17th. Zelman & Associates upgraded shares of AvalonBay Communities to a “hold” rating in a research report on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of AvalonBay Communities from $206.00 to $249.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $231.33.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AVB. RPg Family Wealth Advisory LLC acquired a new stake in AvalonBay Communities during the third quarter worth approximately $26,000. Brooklyn Investment Group acquired a new stake in shares of AvalonBay Communities during the 3rd quarter worth approximately $39,000. Mather Group LLC. increased its stake in shares of AvalonBay Communities by 38.6% in the 3rd quarter. Mather Group LLC. now owns 201 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 56 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in shares of AvalonBay Communities during the 3rd quarter valued at $51,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of AvalonBay Communities by 731.4% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 291 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 256 shares during the period. 92.61% of the stock is owned by institutional investors.

AvalonBay Communities Company Profile

As of December 31, 2023, the Company owned or held a direct or indirect ownership interest in 299 apartment communities containing 90,669 apartment homes in 12 states and the District of Columbia, of which 18 communities were under development. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company's expansion regions of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado.