Representative Jefferson Shreve (R-Indiana) recently sold shares of AvalonBay Communities, Inc. NYSE: AVB. In a filing disclosed on March 09th, the Representative disclosed that they had sold between $15,001 and $50,000 in AvalonBay Communities stock on February 24th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.
Representative Jefferson Shreve also recently made the following trade(s):
- Purchased $15,001 - $50,000 in shares of RTX NYSE: RTX on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of Royal Gold NASDAQ: RGLD on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of QUALCOMM NASDAQ: QCOM on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 2/24/2025.
- Sold $15,001 - $50,000 in shares of Norfolk Southern NYSE: NSC on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of CoStar Group NASDAQ: CSGP on 2/24/2025.
- Purchased $50,001 - $100,000 in shares of AbbVie NYSE: ABBV on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of Johnson & Johnson NYSE: JNJ on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of The Cigna Group NYSE: CI on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of Adobe NASDAQ: ADBE on 2/24/2025.
AvalonBay Communities Stock Performance
NYSE AVB traded down $3.07 on Tuesday, reaching $213.30. 593,369 shares of the company's stock traded hands, compared to its average volume of 635,810. The firm has a market cap of $30.34 billion, a price-to-earnings ratio of 28.10, a P/E/G ratio of 3.11 and a beta of 1.00. The stock has a 50 day moving average price of $218.74 and a 200-day moving average price of $223.72. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.64 and a current ratio of 1.64. AvalonBay Communities, Inc. has a fifty-two week low of $177.40 and a fifty-two week high of $239.29.
AvalonBay Communities (NYSE:AVB - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.83 by ($0.03). AvalonBay Communities had a return on equity of 9.15% and a net margin of 37.13%. Equities research analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.
AvalonBay Communities Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.75 dividend. This is an increase from AvalonBay Communities's previous quarterly dividend of $1.70. This represents a $7.00 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Monday, March 31st. AvalonBay Communities's dividend payout ratio is 92.23%.
Hedge Funds Weigh In On AvalonBay Communities
Several large investors have recently modified their holdings of the business. RPg Family Wealth Advisory LLC purchased a new stake in AvalonBay Communities in the 3rd quarter valued at about $26,000. Ancora Advisors LLC raised its stake in shares of AvalonBay Communities by 1,666.7% in the 4th quarter. Ancora Advisors LLC now owns 159 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 150 shares during the period. Whipplewood Advisors LLC acquired a new position in shares of AvalonBay Communities in the 4th quarter worth approximately $36,000. Brooklyn Investment Group purchased a new position in shares of AvalonBay Communities during the 3rd quarter worth approximately $39,000. Finally, Crowley Wealth Management Inc. purchased a new position in shares of AvalonBay Communities during the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 92.61% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the company. Zelman & Associates raised AvalonBay Communities from a "neutral" rating to an "outperform" rating in a report on Thursday, February 13th. Morgan Stanley cut shares of AvalonBay Communities from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $236.00 to $223.00 in a research note on Friday, January 24th. JPMorgan Chase & Co. upgraded shares of AvalonBay Communities from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $247.00 to $262.00 in a research report on Tuesday, December 17th. Piper Sandler dropped their target price on shares of AvalonBay Communities from $270.00 to $265.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 11th. Finally, Barclays cut their target price on shares of AvalonBay Communities from $230.00 to $226.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 19th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $238.64.
Check Out Our Latest Analysis on AVB
About Representative Shreve
Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election.
Email editor@ballotpedia.org to notify us of updates to this biography.
Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive.
Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.
About AvalonBay Communities
(
Get Free Report)
AvalonBay Communities, Inc is a real estate investment trust, which engages in the development, acquisition, ownership, and operation of multifamily communities. It operates through the following segments: Same Store, Other Stabilized, and Development or Redevelopment. The Same Store segment refers to the operating communities that were owned and had stabilized occupancy.
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