AvalonBay Communities (NYSE:AVB) Stock Unloaded Rep. Jefferson Shreve

11 Mar 2025, 08:06 by Doug Wharley · The Cerbat Gem

Representative Jefferson Shreve (R-Indiana) recently sold shares of AvalonBay Communities, Inc. (NYSE:AVB). In a filing disclosed on March 09th, the Representative disclosed that they had sold between $15,001 and $50,000 in AvalonBay Communities stock on February 24th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

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

Purchased $15,001 – $50,000 in shares of RTX (NYSE:RTX) on 2/24/2025.
Purchased $15,001 – $50,000 in shares of Royal Gold (NASDAQ:RGLD) on 2/24/2025.
Purchased $15,001 – $50,000 in shares of QUALCOMM (NASDAQ:QCOM) on 2/24/2025.
Purchased $15,001 – $50,000 in shares of Pfizer (NYSE:PFE) on 2/24/2025.
Sold $15,001 – $50,000 in shares of Norfolk Southern (NYSE:NSC) on 2/24/2025.
Purchased $15,001 – $50,000 in shares of CoStar Group (NASDAQ:CSGP) on 2/24/2025.
Purchased $50,001 – $100,000 in shares of AbbVie (NYSE:ABBV) on 2/24/2025.
Purchased $15,001 – $50,000 in shares of Johnson & Johnson (NYSE:JNJ) on 2/24/2025.
Purchased $15,001 – $50,000 in shares of The Cigna Group (NYSE:CI) on 2/24/2025.
Purchased $15,001 – $50,000 in shares of Adobe (NASDAQ:ADBE) on 2/24/2025.

AvalonBay Communities Trading Down 0.9 %

Shares of NYSE AVB opened at $216.55 on Tuesday. The stock’s 50 day moving average price is $218.74 and its two-hundred day moving average price is $223.72. AvalonBay Communities, Inc. has a 52-week low of $177.40 and a 52-week high of $239.29. The stock has a market capitalization of $30.80 billion, a P/E ratio of 28.53, a PEG ratio of 3.11 and a beta of 1.00. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.68.

AvalonBay Communities (NYSE:AVB – Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.83 by ($0.03). AvalonBay Communities had a net margin of 37.13% and a return on equity of 9.15%. On average, analysts anticipate that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.75 per share. The ex-dividend date is Monday, March 31st. This represents a $7.00 annualized dividend and a yield of 3.23%. This is a boost from AvalonBay Communities’s previous quarterly dividend of $1.70. AvalonBay Communities’s dividend payout ratio is presently 92.23%.

Institutional Investors Weigh In On AvalonBay Communities

Several large investors have recently modified their holdings of AVB. Farther Finance Advisors LLC lifted its holdings in shares of AvalonBay Communities by 36.9% in the third quarter. Farther Finance Advisors LLC now owns 1,139 shares of the real estate investment trust’s stock valued at $256,000 after purchasing an additional 307 shares in the last quarter. Graypoint LLC purchased a new stake in shares of AvalonBay Communities during the third quarter worth $216,000. Assetmark Inc. raised its holdings in shares of AvalonBay Communities by 6.2% during the third quarter. Assetmark Inc. now owns 16,308 shares of the real estate investment trust’s stock worth $3,673,000 after acquiring an additional 956 shares in the last quarter. Atria Investments Inc raised its holdings in shares of AvalonBay Communities by 4.0% during the third quarter. Atria Investments Inc now owns 15,487 shares of the real estate investment trust’s stock worth $3,488,000 after acquiring an additional 602 shares in the last quarter. Finally, Axxcess Wealth Management LLC raised its holdings in shares of AvalonBay Communities by 39.8% during the third quarter. Axxcess Wealth Management LLC now owns 2,998 shares of the real estate investment trust’s stock worth $675,000 after acquiring an additional 853 shares in the last quarter. 92.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Morgan Stanley cut AvalonBay Communities from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $236.00 to $223.00 in a research report on Friday, January 24th. JPMorgan Chase & Co. upgraded AvalonBay Communities from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $247.00 to $262.00 in a research report on Tuesday, December 17th. Zelman & Associates upgraded AvalonBay Communities from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 13th. Royal Bank of Canada increased their price target on AvalonBay Communities from $226.00 to $229.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. Finally, Mizuho raised AvalonBay Communities from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $239.00 to $242.00 in a report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $238.64.

View Our Latest Analysis on AVB

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

(Get Free Report)

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.