Avalonbay Communities Inc. (NYSE: AVB) is -0.60% lower on its value in year-to-date trading and has touched a low of $160.45 and a high of $198.65 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AVB stock was last observed hovering at around $188.86 in the last trading session, with the day’s loss setting it -2.76%.
Currently trading at $186.10, the stock is 1.63% and 3.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing -1.46% at the moment leaves the stock 3.38% off its SMA200. AVB registered 10.37% gain for a year compared to 6-month gain of 6.83%. The firm has a 50-day simple moving average (SMA 50) of $12.36 and a 200-day simple moving average (SMA200) of $17.43.
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The stock witnessed a 0.76% loss in the last 1 month and extending the period to 3 months gives it a 1.63%, and is 3.29% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.77% over the week and 1.68% over the month.
Avalonbay Communities Inc. (AVB) has around 3039 employees, a market worth around $26.43B and $2.82B in sales. Current P/E ratio is 28.47 and Fwd P/E is 35.11. Profit margin for the company is 32.83%. Distance from 52-week low is 15.99% and -6.32% from its 52-week high. The company has generated returns on investments over the last 12 months (4.73%).
Avalonbay Communities Inc. quarterly earnings per share for the current quarter are estimated at $1.17 with sales reaching $704.63M over the same period.The EPS is expected to shrink by -25.77% this year, but quarterly earnings will post 14.20% year-over-year. Quarterly sales are estimated to grow 13.20% in year-over-year returns.
1,098 institutions hold shares in Avalonbay Communities Inc. (AVB), with institutional investors hold 96.43% of the company’s shares. The shares outstanding are 142.03M, and float is at 141.49M with Short Float at 1.04%. Institutions hold 96.09% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 22.86 million shares valued at $4.33 billion. The investor’s holdings represent 16.09% of the AVB Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 15.72 million shares valued at $2.98 billion to account for 11.07% of the shares outstanding. The other top investors are State Street Corporation which holds 10.15 million shares representing 7.15% and valued at over $1.92 billion, while Norges Bank Investment Management holds 4.37% of the shares totaling 6.2 million with a market value of $1.0 billion.
Avalonbay Communities Inc. (AVB) Insider Activity
The most recent transaction is an insider sale by O’Shea Kevin P., the company’s Chief Financial Officer. SEC filings show that O’Shea Kevin P. sold 5,000 shares of the company’s common stock on Mar 08 ’24 at a price of $185.65 per share for a total of $0.93 million. Following the sale, the insider now owns 31308.0 shares.
Avalonbay Communities Inc. disclosed in a document filed with the SEC on Mar 07 ’24 that Lockridge Joanne M (Executive Vice President) sold a total of 1,750 shares of the company’s common stock. The trade occurred on Mar 07 ’24 and was made at $185.10 per share for $0.32 million. Following the transaction, the insider now directly holds 21907.0 shares of the AVB stock.
Still, SEC filings show that on Aug 11 ’23, Lockridge Joanne M (Executive Vice President) disposed off 3,331 shares at an average price of $186.25 for $0.62 million. The insider now directly holds 21,558 shares of Avalonbay Communities Inc. (AVB).
