AvalonBay Communities, Inc. (NYSE:AVB) Stock Holdings Lessened by Swiss National Bank

Swiss National Bank cut its holdings in AvalonBay Communities, Inc. (NYSE:AVB) by 2.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 444,021 shares of the real estate investment trust’s stock after selling 12,800 shares during the period. Swiss National Bank owned about 0.31% of AvalonBay Communities worth $83,130,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. First Affirmative Financial Network boosted its stake in AvalonBay Communities by 4.8% in the fourth quarter. First Affirmative Financial Network now owns 1,494 shares of the real estate investment trust’s stock valued at $280,000 after acquiring an additional 69 shares during the period. Atria Investments Inc boosted its position in AvalonBay Communities by 0.7% during the 3rd quarter. Atria Investments Inc now owns 10,723 shares of the real estate investment trust’s stock valued at $1,842,000 after purchasing an additional 79 shares during the period. Wealth Alliance grew its stake in AvalonBay Communities by 5.8% during the 4th quarter. Wealth Alliance now owns 1,595 shares of the real estate investment trust’s stock worth $299,000 after buying an additional 88 shares during the last quarter. Toroso Investments LLC increased its position in AvalonBay Communities by 0.4% in the third quarter. Toroso Investments LLC now owns 26,102 shares of the real estate investment trust’s stock worth $4,483,000 after buying an additional 97 shares during the period. Finally, Stonegate Investment Group LLC lifted its stake in AvalonBay Communities by 4.1% in the fourth quarter. Stonegate Investment Group LLC now owns 2,498 shares of the real estate investment trust’s stock valued at $468,000 after buying an additional 98 shares during the last quarter. Institutional investors own 92.61% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Truist Financial lowered their price target on shares of AvalonBay Communities from $201.00 to $197.00 and set a “hold” rating for the company in a research report on Tuesday, April 9th. Mizuho dropped their price target on shares of AvalonBay Communities from $188.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 28th. Royal Bank of Canada lifted their price target on AvalonBay Communities from $191.00 to $196.00 and gave the company a “sector perform” rating in a report on Monday, April 29th. Piper Sandler increased their price objective on AvalonBay Communities from $207.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. Finally, Argus raised their target price on AvalonBay Communities from $188.00 to $212.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, AvalonBay Communities presently has a consensus rating of “Moderate Buy” and an average target price of $200.50.

Insider Transactions at AvalonBay Communities

In related news, EVP Joanne M. Lockridge sold 1,750 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $185.10, for a total value of $323,925.00. Following the completion of the transaction, the executive vice president now owns 21,907 shares in the company, valued at approximately $4,054,985.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Joanne M. Lockridge sold 1,750 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $185.10, for a total transaction of $323,925.00. Following the sale, the executive vice president now owns 21,907 shares in the company, valued at $4,054,985.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kevin P. O’shea sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $185.65, for a total transaction of $928,250.00. Following the completion of the transaction, the chief financial officer now directly owns 31,308 shares of the company’s stock, valued at approximately $5,812,330.20. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

AvalonBay Communities Stock Performance

Shares of AVB opened at $192.81 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.44 and a quick ratio of 1.44. The firm’s 50 day moving average is $184.06 and its 200-day moving average is $179.13. AvalonBay Communities, Inc. has a 12-month low of $160.45 and a 12-month high of $198.65. The stock has a market capitalization of $27.41 billion, a P/E ratio of 28.69, a P/E/G ratio of 3.28 and a beta of 0.90.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.64 by ($1.42). AvalonBay Communities had a return on equity of 8.12% and a net margin of 34.05%. The business had revenue of $712.86 million during the quarter, compared to analyst estimates of $706.61 million. During the same quarter last year, the firm posted $2.57 EPS. Equities research analysts anticipate that AvalonBay Communities, Inc. will post 10.86 EPS for the current fiscal year.

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.