AvalonBay Communities, Inc. (NYSE:AVB) Position Trimmed by Boston Trust Walden Corp

Boston Trust Walden Corp reduced its position in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 4.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,542 shares of the real estate investment trust's stock after selling 3,737 shares during the quarter. Boston Trust Walden Corp owned 0.05% of AvalonBay Communities worth $16,213,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of AVB. Principal Securities Inc. boosted its position in AvalonBay Communities by 8.8% during the fourth quarter. Principal Securities Inc. now owns 916 shares of the real estate investment trust's stock worth $202,000 after purchasing an additional 74 shares in the last quarter. Allworth Financial LP grew its position in shares of AvalonBay Communities by 47.8% in the fourth quarter. Allworth Financial LP now owns 761 shares of the real estate investment trust's stock valued at $163,000 after purchasing an additional 246 shares during the period. CIBC Asset Management Inc increased its stake in AvalonBay Communities by 0.5% during the 4th quarter. CIBC Asset Management Inc now owns 21,776 shares of the real estate investment trust's stock worth $4,790,000 after buying an additional 110 shares in the last quarter. Truist Financial Corp increased its position in shares of AvalonBay Communities by 6.2% during the fourth quarter. Truist Financial Corp now owns 8,033 shares of the real estate investment trust's stock worth $1,767,000 after purchasing an additional 472 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of AvalonBay Communities by 130.8% in the fourth quarter. Venturi Wealth Management LLC now owns 607 shares of the real estate investment trust's stock valued at $134,000 after buying an additional 344 shares during the last quarter. 92.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AVB has been the topic of several recent analyst reports. Scotiabank decreased 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 report on Friday, June 13th. Wall Street Zen raised shares of AvalonBay Communities from a "sell" rating to a "hold" rating in a research note on Saturday. Mizuho cut their price objective on AvalonBay Communities from $238.00 to $213.00 and set an "outperform" rating on the stock in a research report on Friday, May 23rd. Barclays increased their price target on AvalonBay Communities from $227.00 to $240.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Finally, Royal Bank Of Canada lowered their price target 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. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $235.86.

AvalonBay Communities Stock Up 0.2%

AVB stock traded up $0.40 during midday trading on Friday, hitting $206.92. 1,264,783 shares of the company's stock were exchanged, compared to its average volume of 732,865. The firm has a 50 day moving average price of $205.36 and a 200-day moving average price of $212.54. AvalonBay Communities, Inc. has a 12-month low of $180.40 and a 12-month high of $239.29. The stock has a market capitalization of $29.46 billion, a price-to-earnings ratio of 25.77, a price-to-earnings-growth ratio of 2.81 and a beta of 0.86. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.70.

AvalonBay Communities (NYSE:AVB - Get Free Report) last issued its earnings results on Wednesday, April 30th. The real estate investment trust reported $2.83 earnings per share (EPS) 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 net margin of 38.86% and a return on equity of 9.65%. During the same quarter in the prior year, the business posted $2.70 EPS. On average, analysts anticipate that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $1.75 dividend. 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 payout ratio is 87.17%.

Insider Buying and Selling at AvalonBay Communities

In related news, EVP Edward M. Schulman sold 5,945 shares of AvalonBay Communities stock in a transaction on Friday, June 13th. The stock was sold at an average price of $205.67, for a total value 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. The trade was a 25.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kevin P. O'shea sold 6,000 shares of the business's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $207.57, for a total value of $1,245,420.00. Following the sale, the chief financial officer now 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 disclosure for this sale can be found here. 0.45% of the stock is currently owned by company insiders.

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.