Rep. Jefferson Shreve Sells AvalonBay Communities, Inc. (NYSE:AVB) Stock

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 Price Performance

Shares of AvalonBay Communities stock traded up $2.14 during midday trading on Thursday, reaching $203.74. The company had a trading volume of 51,908 shares, compared to its average volume of 699,836. 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 company has a market capitalization of $29.01 billion, a price-to-earnings ratio of 26.88, a price-to-earnings-growth ratio of 3.11 and a beta of 0.86. The stock has a fifty day simple moving average of $206.05 and a 200 day simple moving average of $217.09. AvalonBay Communities, Inc. has a 1-year low of $180.40 and a 1-year high of $239.29.

AvalonBay Communities (NYSE:AVB - Get Free Report) last issued its quarterly earnings results 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. 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 analyst estimates of $744.61 million. During the same quarter last year, the business posted $2.70 earnings per share. As a group, equities research analysts forecast that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AVB. Wedmont Private Capital lifted its stake in AvalonBay Communities by 5.3% during the 4th quarter. Wedmont Private Capital now owns 1,094 shares of the real estate investment trust's stock valued at $231,000 after acquiring an additional 55 shares during the period. Baker Tilly Wealth Management LLC grew its holdings in AvalonBay Communities by 1.8% during the 1st quarter. Baker Tilly Wealth Management LLC now owns 3,247 shares of the real estate investment trust's stock valued at $697,000 after buying an additional 58 shares in the last quarter. Golden State Equity Partners grew its holdings in shares of AvalonBay Communities by 3.7% in the first quarter. Golden State Equity Partners now owns 1,661 shares of the real estate investment trust's stock valued at $356,000 after purchasing an additional 60 shares in the last quarter. Signaturefd LLC grew its holdings in shares of AvalonBay Communities by 4.0% in the fourth quarter. Signaturefd LLC now owns 1,616 shares of the real estate investment trust's stock valued at $356,000 after purchasing an additional 62 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in shares of AvalonBay Communities by 2.6% in the fourth quarter. Private Advisor Group LLC now owns 2,512 shares of the real estate investment trust's stock valued at $553,000 after purchasing an additional 63 shares in the last quarter. 92.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Evercore ISI boosted their price target on shares of AvalonBay Communities from $230.00 to $240.00 and gave the company an "in-line" rating in a report on Monday, February 10th. Truist Financial boosted their price objective on shares of AvalonBay Communities from $229.00 to $230.00 and gave the stock a "hold" rating in a research note on Monday, March 10th. Zelman & Associates upgraded shares of AvalonBay Communities from a "neutral" rating to an "outperform" rating in a research note on Thursday, February 13th. Piper Sandler decreased 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. Finally, Barclays upped their price target on shares of AvalonBay Communities from $227.00 to $240.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus 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.