Xponance Inc. Sells 716 Shares of AvalonBay Communities, Inc. (NYSE:AVB)

Xponance Inc. lessened its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 2.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,167 shares of the real estate investment trust’s stock after selling 716 shares during the period. Xponance Inc.’s holdings in AvalonBay Communities were worth $5,207,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. &PARTNERS bought a new stake in AvalonBay Communities in the second quarter valued at approximately $1,538,000. Lasalle Investment Management Securities LLC raised its stake in AvalonBay Communities by 3.1% in the fourth quarter. Lasalle Investment Management Securities LLC now owns 602,642 shares of the real estate investment trust’s stock valued at $112,827,000 after buying an additional 18,320 shares during the period. Hsbc Holdings PLC raised its stake in AvalonBay Communities by 9.2% in the fourth quarter. Hsbc Holdings PLC now owns 452,893 shares of the real estate investment trust’s stock valued at $84,890,000 after buying an additional 38,235 shares during the period. Sheets Smith Wealth Management bought a new stake in AvalonBay Communities in the first quarter valued at approximately $768,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in AvalonBay Communities by 14.4% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 32,952 shares of the real estate investment trust’s stock valued at $6,115,000 after buying an additional 4,138 shares during the period. Institutional investors own 92.61% of the company’s stock.

Insider Activity at AvalonBay Communities

In other AvalonBay Communities news, SVP Keri A. Shea sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $207.17, for a total value of $414,340.00. Following the sale, the senior vice president now owns 4,383 shares in the company, valued at $908,026.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other AvalonBay Communities news, SVP Keri A. Shea sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $207.17, for a total value of $414,340.00. Following the completion of the transaction, the senior vice president now owns 4,383 shares of the company’s stock, valued at approximately $908,026.11. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CIO Matthew H. Birenbaum sold 5,000 shares of AvalonBay Communities stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $208.90, for a total value of $1,044,500.00. Following the sale, the executive now directly owns 65,967 shares in the company, valued at $13,780,506.30. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

AvalonBay Communities Trading Down 1.3 %

Shares of NYSE:AVB opened at $230.19 on Wednesday. The company has a market capitalization of $32.73 billion, a P/E ratio of 34.25, a P/E/G ratio of 3.41 and a beta of 0.97. AvalonBay Communities, Inc. has a 1 year low of $160.45 and a 1 year high of $236.26. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.03 and a quick ratio of 2.03. The business’s 50 day simple moving average is $218.11 and its 200 day simple moving average is $201.94.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $1.78 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.93). The business had revenue of $726.04 million for the quarter, compared to analyst estimates of $718.49 million. AvalonBay Communities had a return on equity of 7.16% and a net margin of 29.61%. During the same period last year, the firm posted $2.66 EPS. On average, research analysts anticipate that AvalonBay Communities, Inc. will post 11.01 EPS for the current fiscal year.

AvalonBay Communities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $1.70 dividend. The ex-dividend date is Monday, September 30th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 2.95%. AvalonBay Communities’s payout ratio is currently 101.19%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AVB shares. JPMorgan Chase & Co. upped their price objective on AvalonBay Communities from $212.00 to $247.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Evercore ISI upped their target price on AvalonBay Communities from $225.00 to $229.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Royal Bank of Canada upped their target price on AvalonBay Communities from $207.00 to $214.00 and gave the company a “sector perform” rating in a research report on Friday, August 2nd. Mizuho upped their target price on AvalonBay Communities from $185.00 to $194.00 and gave the company a “neutral” rating in a research report on Thursday, May 30th. Finally, Zelman & Associates raised AvalonBay Communities to a “hold” rating in a research report on Thursday, September 5th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $223.12.

About AvalonBay Communities

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.