Nisa Investment Advisors LLC Has $17.97 Million Holdings in AvalonBay Communities, Inc. (NYSE:AVB)

Nisa Investment Advisors LLC decreased its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 3.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 86,141 shares of the real estate investment trust’s stock after selling 3,078 shares during the quarter. Nisa Investment Advisors LLC’s holdings in AvalonBay Communities were worth $17,971,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Mechanics Bank Trust Department lifted its holdings in shares of AvalonBay Communities by 0.3% during the 2nd quarter. Mechanics Bank Trust Department now owns 17,934 shares of the real estate investment trust’s stock worth $3,710,000 after acquiring an additional 60 shares during the period. SVB Wealth LLC lifted its stake in AvalonBay Communities by 1.1% during the first quarter. SVB Wealth LLC now owns 5,529 shares of the real estate investment trust’s stock worth $1,026,000 after purchasing an additional 62 shares during the last quarter. West Coast Financial LLC boosted its holdings in shares of AvalonBay Communities by 3.9% in the 1st quarter. West Coast Financial LLC now owns 1,732 shares of the real estate investment trust’s stock valued at $321,000 after purchasing an additional 65 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its stake in shares of AvalonBay Communities by 1.1% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 6,361 shares of the real estate investment trust’s stock valued at $1,180,000 after purchasing an additional 69 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its holdings in shares of AvalonBay Communities by 38.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 261 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 73 shares in the last quarter. 92.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other AvalonBay Communities news, SVP Keri A. Shea sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $207.17, for a total transaction of $414,340.00. Following the sale, the senior vice president now owns 4,383 shares of the company’s stock, valued at $908,026.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other AvalonBay Communities news, SVP Keri A. Shea sold 2,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $908,026.11. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CIO Matthew H. Birenbaum sold 5,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $208.90, for a total value of $1,044,500.00. Following the transaction, the executive now owns 65,967 shares in the company, valued at $13,780,506.30. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

AvalonBay Communities Trading Up 0.4 %

Shares of AVB stock opened at $216.16 on Tuesday. The stock has a 50-day moving average of $205.90 and a 200-day moving average of $192.91. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.71. The stock has a market cap of $30.73 billion, a price-to-earnings ratio of 32.17, a PEG ratio of 3.09 and a beta of 0.96. AvalonBay Communities, Inc. has a 1-year low of $160.45 and a 1-year high of $218.79.

AvalonBay Communities (NYSE:AVB) last released its earnings results on Wednesday, July 31st. The real estate investment trust reported $1.78 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.93). The firm had revenue of $726.04 million for 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 period in the prior year, the company posted $2.66 EPS. On average, equities research analysts forecast that AvalonBay Communities, Inc. will post 10.97 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on AVB shares. Wells Fargo & Company lifted their target price on AvalonBay Communities from $210.00 to $222.00 and gave the company an “overweight” rating in a research report on Thursday, June 27th. Mizuho upped their price objective on shares of AvalonBay Communities from $185.00 to $194.00 and gave the stock a “neutral” rating in a research report on Thursday, May 30th. Evercore ISI cut their target price on shares of AvalonBay Communities from $218.00 to $216.00 and set an “in-line” rating on the stock in a research report on Monday, August 12th. Argus boosted their target price on shares of AvalonBay Communities from $188.00 to $212.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Finally, Piper Sandler increased their price target on AvalonBay Communities from $230.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Twelve equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $211.12.

AvalonBay Communities Company Profile

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.