Achmea Investment Management B.V. Grows Stock Position in AvalonBay Communities, Inc. (NYSE:AVB)

Achmea Investment Management B.V. boosted its holdings in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 33.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,068 shares of the real estate investment trust's stock after buying an additional 5,791 shares during the period. Achmea Investment Management B.V.'s holdings in AvalonBay Communities were worth $4,951,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Proathlete Wealth Management LLC purchased a new position in shares of AvalonBay Communities in the first quarter valued at $29,000. Opal Wealth Advisors LLC purchased a new stake in AvalonBay Communities during the 1st quarter worth about $33,000. Ancora Advisors LLC boosted its stake in 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 worth $35,000 after purchasing an additional 150 shares during the period. Whipplewood Advisors LLC purchased a new position in AvalonBay Communities during the 4th quarter valued at about $36,000. Finally, Crowley Wealth Management Inc. purchased a new position in AvalonBay Communities during the 4th quarter valued at about $44,000. Institutional investors own 92.61% of the company's stock.

Insider Buying and Selling

In other AvalonBay Communities news, CFO Kevin P. O'shea sold 6,000 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $207.57, for a total transaction of $1,245,420.00. Following the sale, the chief financial officer directly owned 22,782 shares in the company, valued at approximately $4,728,859.74. This trade represents a 20.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Edward M. Schulman sold 5,945 shares of the 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 completion of the transaction, the executive vice president owned 17,617 shares in the company, valued at $3,623,288.39. This trade represents a 25.23% decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

AvalonBay Communities Trading Down 0.5%

AVB stock traded down $0.92 during trading on Monday, hitting $203.46. 1,316,972 shares of the company traded hands, compared to its average volume of 741,909. The company has a 50-day moving average of $205.71 and a 200-day moving average of $211.58. 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, Inc. has a 1 year low of $180.40 and a 1 year high of $239.29. The firm has a market capitalization of $28.97 billion, a PE ratio of 25.34, a P/E/G ratio of 2.78 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.03. AvalonBay Communities had a return on equity of 9.65% and a net margin of 38.86%. The firm had revenue of $693.43 million during the quarter, compared to the consensus estimate of $744.61 million. During the same quarter in the previous year, the company posted $2.70 earnings per share. Analysts predict that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, June 30th. This represents a $7.00 dividend on an annualized basis and a yield of 3.44%. AvalonBay Communities's dividend payout ratio (DPR) is currently 87.17%.

Analyst Ratings Changes

A number of research firms have recently commented on AVB. Piper Sandler cut their price objective on shares of AvalonBay Communities from $265.00 to $255.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Scotiabank lowered their target price on shares of AvalonBay Communities from $251.00 to $236.00 and set a "sector perform" rating on the stock in a research note on Friday, June 13th. Morgan Stanley boosted their price target on shares of AvalonBay Communities from $226.00 to $228.00 and gave the company an "equal weight" rating in a research report on Thursday, May 15th. BMO Capital Markets downgraded AvalonBay Communities from an "outperform" rating to a "market perform" rating and set a $220.00 price objective on the stock. in a research report on Friday, April 4th. Finally, Barclays lifted their price objective on AvalonBay Communities from $227.00 to $240.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average 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.