Cwm LLC Has $237,000 Holdings in AvalonBay Communities, Inc. (NYSE:AVB)

Cwm LLC trimmed its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 12.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,267 shares of the real estate investment trust’s stock after selling 186 shares during the period. Cwm LLC’s holdings in AvalonBay Communities were worth $237,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of AvalonBay Communities by 3.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 36,515 shares of the real estate investment trust’s stock worth $6,836,000 after acquiring an additional 1,175 shares in the last quarter. Greenleaf Trust boosted its holdings in shares of AvalonBay Communities by 5.7% in the 4th quarter. Greenleaf Trust now owns 2,982 shares of the real estate investment trust’s stock valued at $558,000 after purchasing an additional 160 shares in the last quarter. Xponance Inc. increased its stake in shares of AvalonBay Communities by 0.8% in the 4th quarter. Xponance Inc. now owns 23,886 shares of the real estate investment trust’s stock valued at $4,472,000 after purchasing an additional 183 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of AvalonBay Communities by 230.7% during the 4th quarter. Federated Hermes Inc. now owns 8,748 shares of the real estate investment trust’s stock worth $1,638,000 after buying an additional 6,103 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of AvalonBay Communities by 128.3% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,066 shares of the real estate investment trust’s stock worth $201,000 after buying an additional 599 shares during the last quarter. 92.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AVB. Mizuho decreased their target price on AvalonBay Communities from $188.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. Truist Financial lowered their price objective 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. Morgan Stanley upgraded shares of AvalonBay Communities from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $175.00 to $191.50 in a research report on Monday, February 26th. Deutsche Bank Aktiengesellschaft started coverage on shares of AvalonBay Communities in a report on Tuesday, January 30th. They set a “buy” rating and a $206.00 price target for the company. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $191.00 price objective on shares of AvalonBay Communities in a report on Thursday, February 22nd. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, AvalonBay Communities has an average rating of “Moderate Buy” and a consensus price target of $200.50.

Insider Buying and Selling at AvalonBay Communities

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

AvalonBay Communities Price Performance

AVB stock opened at $192.84 on Friday. The company has a market capitalization of $27.42 billion, a P/E ratio of 28.70, a price-to-earnings-growth ratio of 3.20 and a beta of 0.90. The business has a 50-day simple moving average of $183.72 and a two-hundred day simple moving average of $179.03. AvalonBay Communities, Inc. has a 52-week low of $160.45 and a 52-week high of $198.65. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.44 and a current ratio of 1.44.

AvalonBay Communities (NYSE:AVB) last released its earnings results on Friday, April 26th. The real estate investment trust reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.64 by ($1.42). The company had revenue of $712.86 million for the quarter, compared to the consensus estimate of $706.61 million. AvalonBay Communities had a net margin of 34.05% and a return on equity of 8.12%. During the same period in the prior year, the company earned $2.57 earnings per share. Research analysts expect that AvalonBay Communities, Inc. will post 10.85 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.