Atlas Capital Advisors Inc. Makes New $325,000 Investment in AvalonBay Communities, Inc. (NYSE:AVB)

Atlas Capital Advisors Inc. purchased a new position in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,476 shares of the real estate investment trust's stock, valued at approximately $325,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AVB. Norges Bank acquired a new stake in shares of AvalonBay Communities in the 4th quarter valued at approximately $1,499,050,000. Wellington Management Group LLP grew its position in shares of AvalonBay Communities by 49.9% during the 4th quarter. Wellington Management Group LLP now owns 2,488,975 shares of the real estate investment trust's stock worth $547,500,000 after purchasing an additional 828,009 shares in the last quarter. State Street Corp increased its position in shares of AvalonBay Communities by 2.2% in the third quarter. State Street Corp now owns 9,245,028 shares of the real estate investment trust's stock worth $2,097,971,000 after purchasing an additional 196,938 shares during the period. Daiwa Securities Group Inc. raised its position in shares of AvalonBay Communities by 51.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 554,290 shares of the real estate investment trust's stock valued at $121,927,000 after buying an additional 188,906 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in AvalonBay Communities during the fourth quarter worth $35,153,000. 92.61% of the stock is owned by institutional investors.

AvalonBay Communities Trading Down 4.0 %

Shares of AvalonBay Communities stock traded down $7.97 on Thursday, hitting $192.42. 424,225 shares of the company traded hands, compared to its average volume of 688,832. AvalonBay Communities, Inc. has a 52 week low of $177.40 and a 52 week high of $239.29. The company has a market cap of $27.39 billion, a PE ratio of 25.31, a PEG ratio of 3.11 and a beta of 0.86. The stock's 50 day moving average price is $214.12 and its 200-day moving average price is $220.36. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.68.

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AvalonBay Communities (NYSE:AVB - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.80 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%. Equities research analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Increases Dividend

The business also recently declared 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. This is a positive change from AvalonBay Communities's previous quarterly dividend of $1.70. The ex-dividend date is Monday, March 31st. This represents a $7.00 dividend on an annualized basis and a yield of 3.64%. AvalonBay Communities's dividend payout ratio is presently 92.23%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Evercore ISI boosted their price target on AvalonBay Communities from $230.00 to $240.00 and gave the stock an "in-line" rating in a report on Monday, February 10th. Piper Sandler reduced their price objective on shares of AvalonBay Communities from $270.00 to $265.00 and set an "overweight" rating for the company in a research report on Tuesday, February 11th. Morgan Stanley cut AvalonBay Communities from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $236.00 to $223.00 in a research note on Friday, January 24th. BMO Capital Markets lowered AvalonBay Communities from an "outperform" rating to a "market perform" rating and set a $220.00 target price on the stock. in a report on Friday, April 4th. Finally, Barclays reduced their price objective on shares of AvalonBay Communities from $230.00 to $226.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 19th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, AvalonBay Communities presently has a consensus rating of "Moderate Buy" and an average target price of $237.40.

AvalonBay Communities Profile

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.