Rep. Jefferson Shreve Sells Off Shares of AvalonBay Communities, Inc. (NYSE:AVB)

Representative Jefferson Shreve (R-Indiana) recently sold shares of AvalonBay Communities, Inc. NYSE: AVB. In a filing disclosed on May 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in AvalonBay Communities stock on April 7th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
• Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.

AvalonBay Communities Trading Down 1.9%

AVB traded down $4.03 during trading on Tuesday, reaching $204.56. 305,957 shares of the company's stock were exchanged, compared to its average volume of 697,537. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.68. The firm has a fifty day moving average price of $206.67 and a two-hundred day moving average price of $217.28. AvalonBay Communities, Inc. has a one year low of $180.40 and a one year high of $239.29. The stock has a market capitalization of $29.12 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 3.11 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB - Get Free Report) last issued its quarterly earnings data 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 net margin of 37.13% and a return on equity of 9.15%. The business had revenue of $693.43 million during the quarter, compared to the consensus estimate of $744.61 million. During the same period in the prior year, the firm posted $2.70 EPS. As a group, equities research analysts forecast that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AvalonBay Communities

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ethic Inc. lifted its stake in AvalonBay Communities by 13.8% in the 1st quarter. Ethic Inc. now owns 15,886 shares of the real estate investment trust's stock worth $3,408,000 after purchasing an additional 1,931 shares in the last quarter. Aberdeen Group plc raised its position in shares of AvalonBay Communities by 17.2% during the 1st quarter. Aberdeen Group plc now owns 381,696 shares of the real estate investment trust's stock valued at $81,689,000 after buying an additional 55,962 shares in the last quarter. Horizon Investments LLC increased its position in shares of AvalonBay Communities by 10.3% during the 1st quarter. Horizon Investments LLC now owns 9,631 shares of the real estate investment trust's stock valued at $2,067,000 after purchasing an additional 901 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of AvalonBay Communities during the first quarter worth $211,000. Finally, Vestmark Advisory Solutions Inc. boosted its position in AvalonBay Communities by 72.8% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 2,418 shares of the real estate investment trust's stock valued at $519,000 after buying an additional 1,019 shares during the period. Institutional investors own 92.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Morgan Stanley lowered shares of AvalonBay Communities from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $236.00 to $223.00 in a research report on Friday, January 24th. BMO Capital Markets cut shares of AvalonBay Communities from an "outperform" rating to a "market perform" rating and set a $220.00 price target on the stock. in a research report on Friday, April 4th. Barclays upped their price objective on shares of AvalonBay Communities from $227.00 to $240.00 and gave the company an "equal weight" rating in a research note on Friday. Scotiabank boosted their price target on shares of AvalonBay Communities from $241.00 to $251.00 and gave the stock a "sector perform" rating in a research note on Monday. Finally, Royal Bank of Canada reduced their price objective on AvalonBay Communities from $223.00 to $220.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 8th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, AvalonBay Communities currently has an average rating of "Hold" and a consensus price target of $239.57.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About AvalonBay Communities

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.