Interchange Capital Partners LLC Buys Shares of 1,833 AvalonBay Communities, Inc. (NYSE:AVB)

Interchange Capital Partners LLC purchased a new position in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,833 shares of the real estate investment trust's stock, valued at approximately $393,000.

Other large investors have also recently made changes to their positions in the company. Hsbc Holdings PLC increased its stake in shares of AvalonBay Communities by 1.4% during the fourth quarter. Hsbc Holdings PLC now owns 604,010 shares of the real estate investment trust's stock valued at $132,751,000 after buying an additional 8,439 shares during the period. Sei Investments Co. grew its stake in shares of AvalonBay Communities by 14.1% in the fourth quarter. Sei Investments Co. now owns 344,139 shares of the real estate investment trust's stock worth $75,701,000 after acquiring an additional 42,416 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of AvalonBay Communities by 466.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,088 shares of the real estate investment trust's stock worth $239,000 after acquiring an additional 896 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of 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. Finally, Vert Asset Management LLC boosted its position in shares of AvalonBay Communities by 5.0% during the first quarter. Vert Asset Management LLC now owns 66,660 shares of the real estate investment trust's stock valued at $14,307,000 after buying an additional 3,199 shares during the last quarter. 92.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price objective on AvalonBay Communities from $251.00 to $249.00 and set an "overweight" rating on the stock in a research note on Tuesday, June 17th. Barclays raised their price target on AvalonBay Communities from $227.00 to $240.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Mizuho dropped their target price on AvalonBay Communities from $238.00 to $213.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. BMO Capital Markets cut AvalonBay Communities from an "outperform" rating to a "market perform" rating and set a $220.00 target price for the company. in a report on Friday, April 4th. Finally, Piper Sandler dropped their price objective on AvalonBay Communities from $265.00 to $255.00 and set an "overweight" rating for the company in a report on Monday, May 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, AvalonBay Communities presently has an average rating of "Hold" and an average price target of $235.86.

Insider Buying and Selling

In other AvalonBay Communities news, EVP Edward M. Schulman sold 5,945 shares of the business's stock in a transaction 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 completion of the sale, the executive vice president directly owned 17,617 shares in the company, valued at approximately $3,623,288.39. The trade was a 25.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevin P. O'shea sold 6,000 shares of the company's stock in a transaction on 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 completion of the sale, the chief financial officer owned 22,782 shares of the company's stock, valued at $4,728,859.74. This trade represents a 20.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.48% of the company's stock.

AvalonBay Communities Stock Up 0.0%

NYSE:AVB traded up $0.08 on Tuesday, hitting $202.54. The stock had a trading volume of 83,487 shares, compared to its average volume of 742,353. AvalonBay Communities, Inc. has a 52 week low of $180.40 and a 52 week high of $239.29. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.70. The business's fifty day moving average is $205.37 and its 200 day moving average is $210.74. The company has a market cap of $28.84 billion, a PE ratio of 25.22, a P/E/G ratio of 2.73 and a beta of 0.85.

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

AvalonBay Communities Announces Dividend

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 3.46%. AvalonBay Communities's dividend payout ratio (DPR) is currently 87.17%.

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.