AvalonBay Communities, Inc. (NYSE:AVB) Shares Bought by Cwm LLC

Cwm LLC grew its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 15.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,463 shares of the real estate investment trust’s stock after acquiring an additional 196 shares during the period. Cwm LLC’s holdings in AvalonBay Communities were worth $271,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Arlington Trust Co LLC acquired a new stake in shares of AvalonBay Communities during the fourth quarter valued at about $45,000. Bear Mountain Capital Inc. acquired a new stake in shares of AvalonBay Communities during the fourth quarter valued at about $66,000. Gold Investment Management Ltd. acquired a new stake in shares of AvalonBay Communities during the fourth quarter valued at about $71,000. Blue Trust Inc. grew its stake in shares of AvalonBay Communities by 139.6% during the fourth quarter. Blue Trust Inc. now owns 539 shares of the real estate investment trust’s stock valued at $92,000 after acquiring an additional 314 shares in the last quarter. Finally, PFG Private Wealth Management LLC grew its stake in shares of AvalonBay Communities by 200.0% during the fourth quarter. PFG Private Wealth Management LLC now owns 555 shares of the real estate investment trust’s stock valued at $104,000 after acquiring an additional 370 shares in the last quarter. 92.61% of the stock is currently owned by institutional investors and hedge funds.

AvalonBay Communities Trading Up 1.0 %

NYSE AVB opened at $203.89 on Friday. AvalonBay Communities, Inc. has a 1-year low of $160.45 and a 1-year high of $204.21. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $28.99 billion, a PE ratio of 30.34, a price-to-earnings-growth ratio of 2.95 and a beta of 0.93. The firm’s fifty day simple moving average is $194.33 and its 200-day simple moving average is $185.83.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $706.61 million. During the same quarter in the prior year, the company posted $2.57 earnings per share. As a group, sell-side analysts anticipate that AvalonBay Communities, Inc. will post 10.91 earnings per share for the current fiscal year.

AvalonBay Communities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Friday, June 28th. AvalonBay Communities’s dividend payout ratio (DPR) is 101.19%.

Analyst Ratings Changes

A number of equities analysts have issued reports on AVB shares. Piper Sandler raised their target price on shares of AvalonBay Communities from $207.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. Mizuho lifted their price target on AvalonBay Communities from $185.00 to $194.00 and gave the company a “neutral” rating in a report on Thursday, May 30th. Scotiabank raised their price objective on shares of AvalonBay Communities from $193.00 to $213.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 14th. Wells Fargo & Company raised their price objective on shares of AvalonBay Communities from $189.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. Finally, JPMorgan Chase & Co. lifted their price target on shares of AvalonBay Communities from $194.00 to $212.00 and gave the stock a “neutral” rating in a research report on Monday, June 17th. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $205.89.

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.