AvalonBay Communities, Inc. (NYSE:AVB) Shares Sold by Natixis Advisors L.P.

Natixis Advisors L.P. cut its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 2.5% in the fourth quarter, HoldingsChannel reports. The firm owned 56,541 shares of the real estate investment trust’s stock after selling 1,478 shares during the period. Natixis Advisors L.P.’s holdings in AvalonBay Communities were worth $10,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Arlington Trust Co LLC purchased a new position in AvalonBay Communities in the fourth quarter valued at $45,000. Lindbrook Capital LLC increased its holdings in AvalonBay Communities by 53.7% in the third quarter. Lindbrook Capital LLC now owns 312 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 109 shares in the last quarter. Sandy Spring Bank increased its holdings in AvalonBay Communities by 4,428.6% in the third quarter. Sandy Spring Bank now owns 317 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 310 shares in the last quarter. Bear Mountain Capital Inc. purchased a new position in AvalonBay Communities in the fourth quarter valued at $66,000. Finally, Larson Financial Group LLC purchased a new position in AvalonBay Communities in the third quarter valued at $80,000. 92.61% of the stock is currently owned by institutional investors and hedge funds.

AvalonBay Communities Stock Performance

AVB opened at $194.90 on Thursday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $27.71 billion, a PE ratio of 29.00, a PEG ratio of 3.28 and a beta of 0.90. The firm’s 50-day moving average price is $184.93 and its 200 day moving average price is $179.50. AvalonBay Communities, Inc. has a twelve month low of $160.45 and a twelve month high of $198.65.

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

Insider Buying and Selling at AvalonBay Communities

In other AvalonBay Communities news, CFO Kevin P. O’shea sold 5,000 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $185.65, for a total value of $928,250.00. Following the transaction, the chief financial officer now directly owns 31,308 shares in the company, valued at approximately $5,812,330.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other AvalonBay Communities news, CFO Kevin P. O’shea sold 5,000 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $185.65, for a total value of $928,250.00. Following the transaction, the chief financial officer now directly owns 31,308 shares in the company, valued at approximately $5,812,330.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $323,925.00. Following the completion of the transaction, the executive vice president now owns 21,907 shares in the company, valued at $4,054,985.70. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Royal Bank of Canada lifted their price objective on shares of AvalonBay Communities from $191.00 to $196.00 and gave the company a “sector perform” rating in a report on Monday, April 29th. Mizuho cut their target price on shares of AvalonBay Communities from $188.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Argus boosted their target price on shares of AvalonBay Communities from $188.00 to $212.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Truist Financial cut their target price on shares of AvalonBay Communities from $201.00 to $197.00 and set a “hold” rating for the company in a research note on Tuesday, April 9th. Finally, Morgan Stanley raised shares of AvalonBay Communities from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $175.00 to $191.50 in a research note on Monday, February 26th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, AvalonBay Communities has an average rating of “Moderate Buy” and an average price target of $200.50.

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.