Stonegate Investment Group LLC Has $468,000 Stock Holdings in AvalonBay Communities, Inc. (NYSE:AVB)

Stonegate Investment Group LLC boosted its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVBFree Report) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,498 shares of the real estate investment trust’s stock after buying an additional 98 shares during the period. Stonegate Investment Group LLC’s holdings in AvalonBay Communities were worth $468,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Pinnacle Bancorp Inc. purchased a new stake in shares of AvalonBay Communities in the third quarter valued at about $26,000. Quarry LP grew its position in AvalonBay Communities by 255.6% during the second quarter. Quarry LP now owns 192 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 138 shares during the period. Castleview Partners LLC boosted its position in AvalonBay Communities by 1,542.9% during the third quarter. Castleview Partners LLC now owns 230 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 216 shares during the period. Ronald Blue Trust Inc. boosted its position in AvalonBay Communities by 316.7% during the third quarter. Ronald Blue Trust Inc. now owns 225 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 171 shares during the period. Finally, Lindbrook Capital LLC boosted its position in AvalonBay Communities by 53.7% during the third quarter. Lindbrook Capital LLC now owns 312 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 109 shares during the period. Institutional investors and hedge funds own 92.61% of the company’s stock.

Analyst Upgrades and Downgrades

AVB has been the subject of a number of research reports. 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 report on Wednesday, February 28th. Royal Bank of Canada reissued a “sector perform” rating and set a $185.00 price target on shares of AvalonBay Communities in a research note on Friday, February 2nd. Truist Financial decreased their price target on shares of AvalonBay Communities from $203.00 to $201.00 and set a “hold” rating on the stock in a research note on Thursday, March 14th. Barclays upgraded shares of AvalonBay Communities from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $194.00 to $204.00 in a report on Tuesday, February 20th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $191.00 target price on shares of AvalonBay Communities in a report on Thursday, February 22nd. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $197.03.

Get Our Latest Stock Analysis on AVB

Insider Buying and Selling at AvalonBay Communities

In other AvalonBay Communities news, EVP Joanne M. Lockridge sold 1,750 shares of the company’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 completion of the sale, the executive vice president now directly owns 21,907 shares of the company’s stock, valued at $4,054,985.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other AvalonBay Communities news, EVP Joanne M. Lockridge sold 1,750 shares of the company’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 completion of the sale, the executive vice president now directly owns 21,907 shares of the company’s stock, valued at $4,054,985.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kevin P. O’shea sold 5,000 shares of the company’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 owns 31,308 shares of the company’s stock, valued at $5,812,330.20. The disclosure for this sale can be found here. 0.42% of the stock is owned by corporate insiders.

AvalonBay Communities Stock Down 0.8 %

AVB opened at $179.85 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.68. The firm has a 50 day moving average price of $179.24 and a 200-day moving average price of $177.40. AvalonBay Communities, Inc. has a twelve month low of $160.45 and a twelve month high of $198.65. The stock has a market capitalization of $25.57 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 3.37 and a beta of 0.92.

AvalonBay Communities (NYSE:AVBGet Free Report) last released its quarterly earnings data on Tuesday, February 6th. The real estate investment trust reported $1.70 earnings per share for the quarter, missing the consensus estimate of $2.73 by ($1.03). AvalonBay Communities had a net margin of 33.56% and a return on equity of 7.98%. The company had revenue of $704.71 million for the quarter, compared to analysts’ expectations of $701.67 million. During the same period in the previous year, the firm earned $2.59 earnings per share. Equities research analysts forecast that AvalonBay Communities, Inc. will post 10.82 earnings per share for the current year.

AvalonBay Communities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be issued a dividend of $1.70 per share. This is a boost from AvalonBay Communities’s previous quarterly dividend of $1.65. This represents a $6.80 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date is Wednesday, March 27th. AvalonBay Communities’s dividend payout ratio is currently 103.82%.

About AvalonBay Communities

(Free Report)

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.

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Institutional Ownership by Quarter for AvalonBay Communities (NYSE:AVB)

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