2 weeks Ago By ABMN Staff
Dai ichi Life Insurance Company Ltd cut its stake in AvalonBay Communities, Inc. ( NYSE:AVB – Free Report ) by 6.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 16,643 shares of the real estate investment trust’s stock after selling 1,210 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in AvalonBay Communities were worth $3,443,000 at the end of the most recent reporting period. Other large investors have also recently added to or reduced their stakes in the company.
Cbre Investment Management Listed Real Assets LLC grew its position in shares of AvalonBay Communities by 70.8% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 835,133 shares of the real estate investment trust’s stock worth $156,354,000 after acquiring an additional 346,214 shares in the last quarter.
Daiwa Securities Group Inc. lifted its stake in AvalonBay Communities by 487.8% during the second quarter.
Daiwa Securities Group Inc. now owns 359,474 shares of the real estate investment trust’s stock worth $74,372,000 after purchasing an additional 298,322 shares during the last quarter. Heitman Real Estate Securities LLC boosted its holdings in AvalonBay Communities by 307.
4% in the fourth quarter. Heitman Real Estate Securities LLC now owns 351,104 shares of the real estate investment trust’s stock worth $65,734,000 after purchasing an additional 264,923 shares during the period. Canada Pension Plan Investment Board increased its stake in AvalonBay Communities by 14.
4% during the first quarter. Canada Pension Plan Investment Board now owns 1,980,675 shares of the real estate investment trust’s stock valued at $367,534,000 after purchasing an additional 249,400 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in AvalonBay Communities by 4,563.
7% during the first quarter. SG Americas Securities LLC now owns 212,803 shares of the real estate investment trust’s stock valued at $39,488,000 after purchasing an additional 208,240 shares during the last quarter. 92.
61% of the stock is currently owned by institutional investors. Insider Activity In related news, SVP Keri A. Shea sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th.
The shares were sold at an average price of $207.17, for a total value of $414,340.00.
Following the sale, the senior vice president now directly owns 4,383 shares in the company, valued at approximately $908,026.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website .
In related news, SVP Keri A. Shea sold 2,000 shares of AvalonBay Communities stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $207.
17, for a total value of $414,340.00. Following the transaction, the senior vice president now directly owns 4,383 shares in the company, valued at approximately $908,026.
11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, CIO Matthew H.
Birenbaum sold 5,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $208.90, for a total value of $1,044,500.
00. Following the sale, the executive now directly owns 65,967 shares of the company’s stock, valued at $13,780,506.30.
The disclosure for this sale can be found here . Insiders own 0.42% of the company’s stock.
AvalonBay Communities Stock Performance AvalonBay Communities ( NYSE:AVB – Get Free Report ) last announced its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $1.78 earnings per share for the quarter, missing the consensus estimate of $2.
71 by ($0.93). The firm had revenue of $726.
04 million during the quarter, compared to analyst estimates of $718.49 million. AvalonBay Communities had a net margin of 29.
61% and a return on equity of 7.16%. During the same quarter last year, the company earned $2.
66 EPS. Research analysts predict that AvalonBay Communities, Inc. will post 11.
01 EPS for the current fiscal year. Analysts Set New Price Targets AVB has been the subject of several research reports. Truist Financial lifted their price target on shares of AvalonBay Communities from $213.
00 to $230.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft upped their target price on AvalonBay Communities from $206.
00 to $249.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Mizuho raised their price target on AvalonBay Communities from $185.
00 to $194.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. BNP Paribas began coverage on AvalonBay Communities in a research note on Wednesday, September 11th.
They set an “outperform” rating and a $250.00 price objective for the company. Finally, Evercore ISI raised their target price on AvalonBay Communities from $223.
00 to $225.00 and gave the company an “in-line” rating in a research note on Monday, September 9th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock.
According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $219.94. View Our Latest Research Report on AvalonBay Communities AvalonBay Communities Company Profile ( Free Report ) As of December 31, 2023, the Company owned or held a direct or indirect ownership interest in 299 apartment communities containing 90,669 apartment homes in 12 states and the District of Columbia, of which 18 communities were under development.
The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company's expansion regions of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado. Recommended Stories Receive News & Ratings for AvalonBay Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AvalonBay Communities and related companies with MarketBeat.com's FREE daily email newsletter .
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