LPL Financial LLC Has $19.12 Million Holdings in AvalonBay Communities, Inc. (NYSE:AVB)

LPL Financial LLC boosted its holdings in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 11.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 89,067 shares of the real estate investment trust's stock after buying an additional 8,947 shares during the quarter. LPL Financial LLC owned 0.06% of AvalonBay Communities worth $19,116,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AVB. Proathlete Wealth Management LLC acquired a new stake in shares of AvalonBay Communities during the first quarter worth $29,000. Opal Wealth Advisors LLC acquired a new stake in AvalonBay Communities during the 1st quarter worth about $33,000. Ancora Advisors LLC raised its holdings in AvalonBay Communities by 1,666.7% during 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. Point72 Asia Singapore Pte. Ltd. purchased a new stake in AvalonBay Communities during the fourth quarter valued at about $53,000. Finally, Continuum Advisory LLC boosted its holdings in shares of AvalonBay Communities by 12,200.0% in the fourth quarter. Continuum Advisory LLC now owns 246 shares of the real estate investment trust's stock worth $54,000 after buying an additional 244 shares during the period. Institutional investors own 92.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Scotiabank cut their price target 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 upgraded shares of AvalonBay Communities from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Barclays increased their target price on AvalonBay Communities from $240.00 to $241.00 and gave the company an "equal weight" rating in a report on Tuesday, July 15th. Evercore ISI decreased their target price on AvalonBay Communities from $229.00 to $216.00 and set an "in-line" rating for the company in a research report on Monday. Finally, Piper Sandler reiterated a "neutral" rating and set a $200.00 price target (down previously from $255.00) on shares of AvalonBay Communities in a report on Monday. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, AvalonBay Communities presently has an average rating of "Hold" and a consensus price target of $228.79.

AvalonBay Communities Stock Down 0.2%

Shares of AVB traded down $0.37 during midday trading on Friday, reaching $187.87. 188,364 shares of the stock were exchanged, compared to its average volume of 815,154. The company has a market cap of $26.75 billion, a price-to-earnings ratio of 23.15, a P/E/G ratio of 2.51 and a beta of 0.86. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.71. AvalonBay Communities, Inc. has a 12-month low of $180.40 and a 12-month high of $239.29. The firm has a 50 day simple moving average of $201.64 and a 200-day simple moving average of $207.60.

AvalonBay Communities (NYSE:AVB - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.82 EPS for the quarter, topping analysts' consensus estimates of $2.80 by $0.02. The firm had revenue of $689.90 million for the quarter, compared to the consensus estimate of $759.08 million. AvalonBay Communities had a return on equity of 9.70% and a net margin of 38.91%. During the same quarter in the prior year, the company posted $2.77 earnings per share. Research analysts forecast that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $1.75 dividend. The ex-dividend date was Monday, June 30th. This represents a $7.00 dividend on an annualized basis and a yield of 3.7%. AvalonBay Communities's dividend payout ratio is currently 86.21%.

Insiders Place Their Bets

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

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.