AvalonBay Communities, Inc. (NYSE:AVB) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its position in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 3.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,141 shares of the real estate investment trust's stock after selling 3,078 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.06% of AvalonBay Communities worth $17,971,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of AVB. Opal Wealth Advisors LLC acquired a new position in shares of AvalonBay Communities in the 2nd quarter worth approximately $32,000. Byrne Asset Management LLC grew its holdings in shares of AvalonBay Communities by 270.0% in the 1st quarter. Byrne Asset Management LLC now owns 185 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 135 shares during the last quarter. Versant Capital Management Inc increased its position in shares of AvalonBay Communities by 1,877.8% during the 2nd quarter. Versant Capital Management Inc now owns 178 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 169 shares in the last quarter. BROOKFIELD Corp ON bought a new position in AvalonBay Communities during the 1st quarter valued at about $39,000. Finally, Pinnacle Bancorp Inc. boosted its position in AvalonBay Communities by 50.0% in the first quarter. Pinnacle Bancorp Inc. now owns 225 shares of the real estate investment trust's stock valued at $42,000 after buying an additional 75 shares in the last quarter. Institutional investors and hedge funds own 92.61% of the company's stock.

Insider Buying and Selling at AvalonBay Communities

In other AvalonBay Communities news, CIO Matthew H. Birenbaum sold 5,000 shares of AvalonBay Communities stock in a transaction on Monday, August 5th. The shares were sold at an average price of $208.90, for a total value of $1,044,500.00. Following the sale, the executive now directly owns 65,967 shares in the company, valued at approximately $13,780,506.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CIO Matthew H. Birenbaum sold 5,000 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $208.90, for a total value of $1,044,500.00. Following the transaction, the executive now directly owns 65,967 shares of the company's stock, valued at $13,780,506.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Keri A. Shea sold 2,000 shares of AvalonBay Communities stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $207.17, for a total value of $414,340.00. Following the sale, the senior vice president now directly owns 4,383 shares of the company's stock, valued at $908,026.11. The disclosure for this sale can be found here. Insiders own 0.42% of the company's stock.

Wall Street Analyst Weigh In

AVB has been the subject of several recent analyst reports. Truist Financial raised their price objective on shares of AvalonBay Communities from $207.00 to $213.00 and gave the stock a "hold" rating in a report on Monday, June 24th. Mizuho increased their price objective on shares of AvalonBay Communities from $185.00 to $194.00 and gave the stock a "neutral" rating in a report on Thursday, May 30th. Wells Fargo & Company boosted their target price on shares of AvalonBay Communities from $210.00 to $222.00 and gave the stock an "overweight" rating in a research note on Thursday, June 27th. JPMorgan Chase & Co. increased their price target on shares of AvalonBay Communities from $194.00 to $212.00 and gave the company a "neutral" rating in a research note on Monday, June 17th. Finally, Royal Bank of Canada raised their price target on shares of AvalonBay Communities from $207.00 to $214.00 and gave the company a "sector perform" rating in a report on Friday, August 2nd. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $211.12.

AvalonBay Communities Trading Up 0.3 %

AVB traded up $0.66 during mid-day trading on Tuesday, hitting $216.70. The stock had a trading volume of 360,011 shares, compared to its average volume of 725,163. AvalonBay Communities, Inc. has a 1-year low of $160.45 and a 1-year high of $218.79. The firm has a market capitalization of $30.81 billion, a price-to-earnings ratio of 32.25, a price-to-earnings-growth ratio of 3.09 and a beta of 0.96. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.07 and a quick ratio of 1.07. The stock's fifty day simple moving average is $206.29 and its 200-day simple moving average is $193.20.

AvalonBay Communities (NYSE:AVB - Get Free Report) last posted its earnings results on Wednesday, July 31st. The real estate investment trust reported $1.78 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.93). AvalonBay Communities had a return on equity of 7.16% and a net margin of 29.61%. The business had revenue of $726.04 million for the quarter, compared to the consensus estimate of $718.49 million. During the same quarter in the prior year, the firm posted $2.66 earnings per share. As a group, research analysts forecast that AvalonBay Communities, Inc. will post 10.97 EPS for the current fiscal year.

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.