Atria Investments Inc Has $3.49 Million Stock Holdings in AvalonBay Communities, Inc. (NYSE:AVB)

Atria Investments Inc boosted its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 4.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,487 shares of the real estate investment trust’s stock after buying an additional 602 shares during the period. Atria Investments Inc’s holdings in AvalonBay Communities were worth $3,488,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of AVB. Assetmark Inc. lifted its position in shares of AvalonBay Communities by 6.2% in the third quarter. Assetmark Inc. now owns 16,308 shares of the real estate investment trust’s stock worth $3,673,000 after purchasing an additional 956 shares in the last quarter. Advisor Resource Council acquired a new position in AvalonBay Communities in the 3rd quarter valued at approximately $538,000. Graypoint LLC purchased a new stake in AvalonBay Communities in the 3rd quarter worth approximately $216,000. FSM Wealth Advisors LLC acquired a new stake in shares of AvalonBay Communities during the 3rd quarter valued at $232,000. Finally, QRG Capital Management Inc. grew its holdings in shares of AvalonBay Communities by 101.0% during the 3rd quarter. QRG Capital Management Inc. now owns 16,383 shares of the real estate investment trust’s stock valued at $3,690,000 after acquiring an additional 8,234 shares in the last quarter. 92.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Timothy J. Naughton sold 23,697 shares of AvalonBay Communities stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $233.47, for a total transaction of $5,532,538.59. Following the sale, the director now directly owns 87,239 shares of the company’s stock, valued at $20,367,689.33. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Timothy J. Naughton sold 23,697 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $233.47, for a total value of $5,532,538.59. Following the completion of the transaction, the director now directly owns 87,239 shares of the company’s stock, valued at $20,367,689.33. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy J. Naughton sold 2,261 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $233.78, for a total transaction of $528,576.58. Following the completion of the sale, the director now directly owns 111,436 shares in the company, valued at $26,051,508.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is owned by company insiders.

AvalonBay Communities Trading Up 1.3 %

AvalonBay Communities stock opened at $233.11 on Thursday. The business’s 50-day simple moving average is $226.11 and its 200-day simple moving average is $211.90. AvalonBay Communities, Inc. has a 52 week low of $166.60 and a 52 week high of $236.26. The firm has a market capitalization of $33.15 billion, a PE ratio of 31.89, a PEG ratio of 3.36 and a beta of 0.97. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.03 and a current ratio of 2.03.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings results 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). The business had revenue of $734.31 million for the quarter, compared to analyst estimates of $731.67 million. AvalonBay Communities had a return on equity of 8.84% and a net margin of 36.20%. During the same quarter last year, the firm earned $2.66 earnings per share. Equities research analysts forecast that AvalonBay Communities, Inc. will post 11.04 earnings per share for the current year.

AvalonBay Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $1.70 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $6.80 annualized dividend and a dividend yield of 2.92%. AvalonBay Communities’s payout ratio is 93.02%.

Analyst Ratings Changes

A number of analysts recently issued reports on AVB shares. Royal Bank of Canada reduced 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. Wells Fargo & Company lifted their price target on AvalonBay Communities from $222.00 to $244.00 and gave the company an “overweight” rating in a report on Monday, August 26th. BNP Paribas initiated coverage on AvalonBay Communities in a report on Wednesday, September 11th. They issued an “outperform” rating and a $250.00 price objective on the stock. Truist Financial lifted their target price on shares of AvalonBay Communities from $213.00 to $230.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Finally, Scotiabank boosted their target price on shares of AvalonBay Communities from $229.00 to $244.00 and gave the stock a “sector perform” rating in a research report on Monday, September 16th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, AvalonBay Communities currently has a consensus rating of “Hold” and a consensus target price of $227.06.

AvalonBay Communities 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.