AvalonBay Communities, Inc. (NYSE:AVB) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp lessened its stake in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 4.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,542 shares of the real estate investment trust's stock after selling 3,737 shares during the period. Boston Trust Walden Corp owned 0.05% of AvalonBay Communities worth $16,213,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new position in AvalonBay Communities in the 1st quarter worth about $33,000. Ancora Advisors LLC increased 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 buying an additional 150 shares during the period. Whipplewood Advisors LLC purchased a new position in AvalonBay Communities in the 4th quarter worth about $36,000. Crowley Wealth Management Inc. purchased a new position in AvalonBay Communities in the 4th quarter worth about $44,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in AvalonBay Communities in the 4th quarter worth about $53,000. Hedge funds and other institutional investors own 92.61% of the company's stock.

AvalonBay Communities Stock Performance

AVB stock traded up $0.88 during trading on Monday, reaching $207.89. The company had a trading volume of 975,884 shares, compared to its average volume of 731,762. The firm has a 50-day simple moving average of $205.50 and a 200-day simple moving average of $212.21. The company has a market cap of $29.60 billion, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 2.82 and a beta of 0.86. 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 twelve month low of $180.40 and a twelve month high of $239.29.

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 analysts' consensus estimates of $2.80 by $0.03. The business had revenue of $693.43 million for the quarter, compared to analyst estimates of $744.61 million. AvalonBay Communities had a return on equity of 9.65% and a net margin of 38.86%. During the same period in the prior year, the company earned $2.70 earnings per share. As a group, sell-side analysts expect that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

AvalonBay Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Monday, June 30th. AvalonBay Communities's payout ratio is 87.17%.

Insider Buying and Selling at AvalonBay Communities

In other AvalonBay Communities news, CFO Kevin P. O'shea sold 6,000 shares of AvalonBay Communities stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $207.57, for a total transaction of $1,245,420.00. Following the completion of the sale, the chief financial officer now directly owns 22,782 shares in the company, valued at approximately $4,728,859.74. The trade was a 20.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Edward M. Schulman sold 5,945 shares of AvalonBay Communities stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $205.67, for a total transaction of $1,222,708.15. Following the sale, the executive vice president now owns 17,617 shares of the company's stock, valued at approximately $3,623,288.39. The trade was a 25.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.45% of the company's stock.

Analyst Ratings Changes

AVB has been the topic of a number of research reports. Wall Street Zen raised shares of AvalonBay Communities from a "sell" rating to a "hold" rating in a research report on Saturday. Piper Sandler cut their target price on shares of AvalonBay Communities from $265.00 to $255.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. BMO Capital Markets downgraded shares of AvalonBay Communities from an "outperform" rating to a "market perform" rating and set a $220.00 target price on the stock. in a research report on Friday, April 4th. Mizuho cut their price objective on shares of AvalonBay Communities from $238.00 to $213.00 and set an "outperform" rating on the stock in a research report on Friday, May 23rd. Finally, Truist Financial lifted their price objective on shares of AvalonBay Communities from $229.00 to $230.00 and gave the stock a "hold" rating in a research report on Monday, March 10th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $235.86.

AvalonBay Communities 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.