AvalonBay Communities, Inc. (NYSE:AVB) Stock Holdings Decreased by Chilton Capital Management LLC

Chilton Capital Management LLC cut its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 9.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 106,996 shares of the real estate investment trust's stock after selling 10,708 shares during the period. Chilton Capital Management LLC owned approximately 0.08% of AvalonBay Communities worth $22,288,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Opal Wealth Advisors LLC acquired a new stake in AvalonBay Communities in the 2nd quarter worth about $32,000. Versant Capital Management Inc boosted its holdings in AvalonBay Communities by 1,877.8% in the 2nd quarter. Versant Capital Management Inc now owns 178 shares of the real estate investment trust's stock worth $37,000 after buying an additional 169 shares during the last quarter. BROOKFIELD Corp ON acquired a new stake in AvalonBay Communities in the 1st quarter worth about $39,000. Pinnacle Bancorp Inc. boosted its holdings in AvalonBay Communities by 50.0% in the 1st quarter. Pinnacle Bancorp Inc. now owns 225 shares of the real estate investment trust's stock worth $42,000 after buying an additional 75 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in AvalonBay Communities by 38.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 261 shares of the real estate investment trust's stock worth $54,000 after buying an additional 73 shares during the last quarter. 92.61% of the stock is currently owned by institutional investors and hedge funds.

AvalonBay Communities Trading Up 1.2 %

NYSE AVB traded up $2.58 on Monday, reaching $225.73. The stock had a trading volume of 875,700 shares, compared to its average volume of 716,186. The firm has a market capitalization of $32.10 billion, a price-to-earnings ratio of 33.59, a P/E/G ratio of 3.35 and a beta of 0.96. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.71. AvalonBay Communities, Inc. has a 12-month low of $160.45 and a 12-month high of $226.18. The stock has a fifty day moving average price of $209.82 and a two-hundred day moving average price of $196.25.

AvalonBay Communities (NYSE:AVB - Get Free Report) last announced its earnings results on Wednesday, July 31st. The real estate investment trust reported $1.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.71 by ($0.93). The firm had revenue of $726.04 million during the quarter, compared to analysts' expectations of $718.49 million. AvalonBay Communities had a net margin of 29.61% and a return on equity of 7.16%. During the same period in the previous year, the firm earned $2.66 EPS. As a group, sell-side analysts forecast that AvalonBay Communities, Inc. will post 11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AVB has been the topic of several research analyst reports. Truist Financial lifted their price objective on AvalonBay Communities from $213.00 to $230.00 and gave the stock a "hold" rating in a report on Tuesday, August 27th. Piper Sandler boosted their target price on AvalonBay Communities from $230.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. UBS Group boosted their target price on AvalonBay Communities from $210.00 to $228.00 and gave the stock a "neutral" rating in a report on Thursday, July 18th. Wells Fargo & Company boosted their target price on AvalonBay Communities from $222.00 to $244.00 and gave the stock an "overweight" rating in a report on Monday, August 26th. Finally, Morgan Stanley boosted their target price on AvalonBay Communities from $203.00 to $209.00 and gave the stock an "overweight" rating in a report on Tuesday, May 14th. Twelve research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $214.47.

Insider Transactions at AvalonBay Communities

In other news, CIO Matthew H. Birenbaum sold 5,000 shares of the company's stock in a transaction on Monday, August 5th. The stock was sold at an average price of $208.90, for a total transaction of $1,044,500.00. Following the sale, the executive now owns 65,967 shares of the company's stock, valued at $13,780,506.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CIO Matthew H. Birenbaum sold 5,000 shares of the company's stock in a transaction on Monday, August 5th. The stock was sold at an average price of $208.90, for a total transaction of $1,044,500.00. Following the sale, the executive now owns 65,967 shares of the company's stock, valued at $13,780,506.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Keri A. Shea sold 2,000 shares of the company's stock in a transaction 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 in the company, valued at approximately $908,026.11. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company's stock.

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.