Edward M. Schulman Sells 5,945 Shares of AvalonBay Communities, Inc. (NYSE:AVB) Stock

AvalonBay Communities, Inc. (NYSE:AVB - Get Free Report) EVP Edward M. Schulman sold 5,945 shares of AvalonBay Communities stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $205.67, for a total transaction of $1,222,708.15. Following the transaction, the executive vice president now directly owns 17,617 shares in the company, valued at $3,623,288.39. This trade represents a 25.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

AvalonBay Communities Stock Performance

Shares of AVB traded up $0.40 during mid-day trading on Friday, hitting $206.92. 1,264,783 shares of the company traded hands, compared to its average volume of 732,865. The stock has a market cap of $29.46 billion, a price-to-earnings ratio of 25.77, a P/E/G ratio of 2.81 and a beta of 0.86. The stock has a 50-day moving average price of $205.08 and a two-hundred day moving average price of $212.69. AvalonBay Communities, Inc. has a 1 year low of $180.40 and a 1 year high of $239.29. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.51 and a current ratio of 0.51.

AvalonBay Communities (NYSE:AVB - Get Free Report) last announced its earnings results on Wednesday, April 30th. The real estate investment trust reported $2.83 earnings per share for the quarter, beating analysts' consensus estimates of $2.80 by $0.03. The business had revenue of $693.43 million during the quarter, compared to analyst estimates of $744.61 million. AvalonBay Communities had a net margin of 38.86% and a return on equity of 9.65%. During the same period in the previous year, the business earned $2.70 EPS. Equities analysts anticipate that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

AvalonBay Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Monday, June 30th. AvalonBay Communities's dividend payout ratio (DPR) is presently 87.17%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC increased its position in shares of AvalonBay Communities by 1.4% during the 4th quarter. Hsbc Holdings PLC now owns 604,010 shares of the real estate investment trust's stock valued at $132,751,000 after purchasing an additional 8,439 shares during the last quarter. Sei Investments Co. grew its position in AvalonBay Communities by 14.1% during the fourth quarter. Sei Investments Co. now owns 344,139 shares of the real estate investment trust's stock valued at $75,701,000 after buying an additional 42,416 shares during the period. Savant Capital LLC grew its position in AvalonBay Communities by 8.7% during the fourth quarter. Savant Capital LLC now owns 1,264 shares of the real estate investment trust's stock valued at $278,000 after buying an additional 101 shares during the period. Jones Financial Companies Lllp increased its holdings in AvalonBay Communities by 466.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,088 shares of the real estate investment trust's stock valued at $239,000 after buying an additional 896 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in AvalonBay Communities by 7.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 20,783 shares of the real estate investment trust's stock valued at $4,572,000 after buying an additional 1,441 shares during the last quarter. Institutional investors own 92.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AVB. Mizuho lowered their price target on shares of AvalonBay Communities from $238.00 to $213.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. Scotiabank lowered their target price on AvalonBay Communities from $251.00 to $236.00 and set a "sector perform" rating for the company in a research note on Friday, June 13th. Wall Street Zen cut AvalonBay Communities from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. Royal Bank Of Canada decreased their target price on shares of AvalonBay Communities from $223.00 to $220.00 and set a "sector perform" rating for the company in a report on Thursday, May 8th. Finally, Truist Financial upped their target price on shares of AvalonBay Communities from $229.00 to $230.00 and gave the stock a "hold" rating in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, AvalonBay Communities has an average rating of "Hold" and a consensus target price of $235.86.

AvalonBay Communities Company Profile

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.