GAMMA Investing LLC Has $573,000 Stake in AvalonBay Communities, Inc. (NYSE:AVB)

GAMMA Investing LLC raised its stake in AvalonBay Communities, Inc. (NYSE:AVB) by 13.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,606 shares of the real estate investment trust’s stock after purchasing an additional 309 shares during the quarter. GAMMA Investing LLC’s holdings in AvalonBay Communities were worth $573,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of AVB. Segment Wealth Management LLC boosted its holdings in AvalonBay Communities by 4.6% during the 3rd quarter. Segment Wealth Management LLC now owns 1,025 shares of the real estate investment trust’s stock worth $231,000 after acquiring an additional 45 shares during the last quarter. SYSTM Wealth Solutions LLC lifted its position in shares of AvalonBay Communities by 2.7% during the second quarter. SYSTM Wealth Solutions LLC now owns 1,855 shares of the real estate investment trust’s stock valued at $386,000 after purchasing an additional 49 shares in the last quarter. Patrick M Sweeney & Associates Inc. boosted its holdings in AvalonBay Communities by 4.1% during the third quarter. Patrick M Sweeney & Associates Inc. now owns 1,268 shares of the real estate investment trust’s stock worth $286,000 after purchasing an additional 50 shares during the last quarter. Tectonic Advisors LLC grew its position in AvalonBay Communities by 2.7% in the 3rd quarter. Tectonic Advisors LLC now owns 1,934 shares of the real estate investment trust’s stock worth $436,000 after purchasing an additional 50 shares in the last quarter. Finally, OneDigital Investment Advisors LLC increased its stake in AvalonBay Communities by 4.6% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,244 shares of the real estate investment trust’s stock valued at $280,000 after buying an additional 55 shares during the last quarter. Institutional investors own 92.61% of the company’s stock.

AvalonBay Communities Stock Performance

Shares of AVB opened at $219.17 on Monday. AvalonBay Communities, Inc. has a 52-week low of $169.37 and a 52-week high of $239.29. The stock’s 50-day simple moving average is $226.61 and its 200 day simple moving average is $220.07. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a market capitalization of $31.17 billion, a price-to-earnings ratio of 29.98, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $2.61 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.10). The firm had revenue of $734.31 million during the quarter, compared to the consensus estimate of $731.67 million. AvalonBay Communities had a net margin of 36.20% and a return on equity of 8.84%. During the same quarter last year, the business posted $2.66 earnings per share. Research analysts forecast that AvalonBay Communities, Inc. will post 11.03 EPS for the current fiscal year.

AvalonBay Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $1.70 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.10%. AvalonBay Communities’s dividend payout ratio (DPR) is presently 93.02%.

Wall Street Analyst Weigh In

AVB has been the topic of a number of research analyst reports. Barclays started coverage on AvalonBay Communities in a research note on Tuesday, December 17th. They issued an “equal weight” rating and a $243.00 target price on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on AvalonBay Communities from $206.00 to $249.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. upgraded AvalonBay Communities from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $247.00 to $262.00 in a research note on Tuesday, December 17th. Scotiabank decreased their price objective on shares of AvalonBay Communities from $244.00 to $241.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. Finally, Evercore ISI boosted their target price on shares of AvalonBay Communities from $225.00 to $229.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, AvalonBay Communities currently has an average rating of “Hold” and a consensus target price of $231.33.

Insider Activity at AvalonBay Communities

In other AvalonBay Communities news, Director Timothy J. Naughton sold 23,697 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $233.47, for a total value of $5,532,538.59. Following the sale, the director now owns 87,239 shares of the company’s stock, valued at $20,367,689.33. This trade represents a 21.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.42% of the stock is owned by corporate insiders.

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.