Cwm LLC Has $237,000 Position in AvalonBay Communities, Inc. (NYSE:AVB)

Cwm LLC decreased its stake in AvalonBay Communities, Inc. (NYSE:AVB) by 12.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,267 shares of the real estate investment trust’s stock after selling 186 shares during the quarter. Cwm LLC’s holdings in AvalonBay Communities were worth $237,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. 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 valued at $39,000 after purchasing an additional 216 shares during the last quarter. Arlington Trust Co LLC acquired a new stake in shares of AvalonBay Communities in the 4th quarter valued at $45,000. Sandy Spring Bank boosted its holdings in AvalonBay Communities by 4,428.6% in the third quarter. Sandy Spring Bank now owns 317 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 310 shares in the last quarter. Lindbrook Capital LLC raised its holdings 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 valued at $54,000 after buying an additional 109 shares in the last quarter. Finally, Bear Mountain Capital Inc. acquired a new stake in shares of AvalonBay Communities in the fourth quarter worth about $66,000. Institutional investors and hedge funds own 92.61% of the company’s stock.

Insider Activity

In related news, EVP Joanne M. Lockridge sold 1,750 shares of AvalonBay Communities stock in a transaction dated 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 transaction, the executive vice president now directly owns 21,907 shares of the company’s stock, valued at approximately $4,054,985.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Joanne M. Lockridge sold 1,750 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was 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 approximately $4,054,985.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin P. O’shea sold 5,000 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $185.65, for a total value of $928,250.00. Following the completion of the transaction, the chief financial officer now directly owns 31,308 shares in the company, valued at approximately $5,812,330.20. The disclosure for this sale can be found here. 0.42% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on AVB shares. Mizuho lowered their price objective on AvalonBay Communities from $188.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Piper Sandler raised their target price on shares of AvalonBay Communities from $207.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Deutsche Bank Aktiengesellschaft started coverage on shares of AvalonBay Communities in a report on Tuesday, January 30th. They issued a “buy” rating and a $206.00 target price on the stock. Argus upped their price target on shares of AvalonBay Communities from $188.00 to $212.00 and gave the company a “buy” rating in a report on Tuesday. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $191.00 price objective on shares of AvalonBay Communities in a research note on Thursday, February 22nd. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $200.50.

AvalonBay Communities Stock Up 0.2 %

NYSE AVB opened at $192.84 on Friday. AvalonBay Communities, Inc. has a 1-year low of $160.45 and a 1-year high of $198.65. The company has a market capitalization of $27.42 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 3.20 and a beta of 0.90. The stock’s 50 day moving average is $183.72 and its two-hundred day moving average is $179.03. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.68.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $1.22 EPS for the quarter, missing the consensus estimate of $2.64 by ($1.42). AvalonBay Communities had a net margin of 34.05% and a return on equity of 8.12%. The company had revenue of $712.86 million during the quarter, compared to analyst estimates of $706.61 million. During the same period in the prior year, the firm earned $2.57 EPS. Equities analysts forecast that AvalonBay Communities, Inc. will post 10.85 earnings per share for the current fiscal year.

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.