Crabel Capital Management LLC Makes New $367,000 Investment in AvalonBay Communities Inc (NYSE:AVB)

Crabel Capital Management LLC acquired a new position in AvalonBay Communities Inc (NYSE:AVB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,805 shares of the real estate investment trust’s stock, valued at approximately $367,000.

Several other large investors have also made changes to their positions in the company. Cornerstone Advisors Inc. lifted its stake in AvalonBay Communities by 85.5% in the first quarter. Cornerstone Advisors Inc. now owns 128 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 59 shares during the period. NuWave Investment Management LLC grew its position in shares of AvalonBay Communities by 575.0% during the 2nd quarter. NuWave Investment Management LLC now owns 216 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 184 shares during the period. Cullen Frost Bankers Inc. increased its stake in shares of AvalonBay Communities by 900.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 250 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 225 shares in the last quarter. Hanson McClain Inc. increased its stake in shares of AvalonBay Communities by 29.6% in the 1st quarter. Hanson McClain Inc. now owns 267 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 61 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in shares of AvalonBay Communities in the 2nd quarter valued at $60,000. 92.42% of the stock is currently owned by institutional investors.

AVB has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of AvalonBay Communities from $214.00 to $224.00 and gave the company a “neutral” rating in a research report on Tuesday, August 13th. Robert W. Baird upgraded shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $198.00 to $215.00 in a report on Thursday, May 16th. ValuEngine downgraded shares of AvalonBay Communities from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Citigroup upped their price objective on shares of AvalonBay Communities from $205.00 to $210.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Finally, SunTrust Banks increased their price objective on shares of AvalonBay Communities from $211.00 to $218.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. They noted that the move was a valuation call. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. AvalonBay Communities has a consensus rating of “Hold” and a consensus price target of $212.87.

AVB stock traded down $1.71 during midday trading on Wednesday, reaching $208.54. 3,679 shares of the company’s stock traded hands, compared to its average volume of 530,546. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.70. The firm’s fifty day moving average price is $208.39 and its 200-day moving average price is $203.83. AvalonBay Communities Inc has a 52 week low of $167.01 and a 52 week high of $216.80. The company has a market cap of $29.12 billion, a price-to-earnings ratio of 23.17, a P/E/G ratio of 3.94 and a beta of 0.52.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($1.10). The business had revenue of $577.26 million during the quarter, compared to the consensus estimate of $572.69 million. AvalonBay Communities had a net margin of 41.83% and a return on equity of 8.63%. During the same period last year, the business posted $2.23 earnings per share. Analysts forecast that AvalonBay Communities Inc will post 9.32 earnings per share for the current year.

In other AvalonBay Communities news, EVP William M. Mclaughlin sold 2,500 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $215.11, for a total transaction of $537,775.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Leo S. Horey III sold 2,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $214.00, for a total value of $428,000.00. The disclosure for this sale can be found here. Insiders sold a total of 5,801 shares of company stock worth $1,243,499 in the last 90 days. 0.42% of the stock is currently owned by company insiders.

AvalonBay Communities Company Profile

As of March 31, 2019, the Company owned or held a direct or indirect ownership interest in 291 apartment communities containing 85,313 apartment homes in 12 states and the District of Columbia, of which 19 communities were under development and nine communities were under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas primarily in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and the Northern and Southern California regions of the United States.

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Institutional Ownership by Quarter for AvalonBay Communities (NYSE:AVB)

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