KLP Kapitalforvaltning AS acquired a new position in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 46,079 shares of the real estate investment trust's stock, valued at approximately $10,203,000.
Several other large investors have also modified their holdings of AVB. Stratos Wealth Partners LTD. lifted its stake in shares of AvalonBay Communities by 29.6% during the 4th quarter. Stratos Wealth Partners LTD. now owns 1,260 shares of the real estate investment trust's stock worth $277,000 after acquiring an additional 288 shares during the last quarter. JPMorgan Chase & Co. increased its stake in AvalonBay Communities by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 4,060,497 shares of the real estate investment trust's stock worth $914,627,000 after purchasing an additional 55,588 shares during the period. West Oak Capital LLC lifted its position in shares of AvalonBay Communities by 875.3% during the fourth quarter. West Oak Capital LLC now owns 15,800 shares of the real estate investment trust's stock worth $356,000 after purchasing an additional 14,180 shares during the last quarter. Portfolio Design Labs LLC boosted its stake in shares of AvalonBay Communities by 27.0% during the fourth quarter. Portfolio Design Labs LLC now owns 22,356 shares of the real estate investment trust's stock valued at $4,918,000 after purchasing an additional 4,747 shares during the period. Finally, Swedbank AB grew its holdings in shares of AvalonBay Communities by 46.6% in the third quarter. Swedbank AB now owns 34,791 shares of the real estate investment trust's stock worth $7,837,000 after purchasing an additional 11,064 shares during the last quarter. Hedge funds and other institutional investors own 92.61% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. Zelman & Associates raised shares of AvalonBay Communities from a "neutral" rating to an "outperform" rating in a research report on Thursday, February 13th. Truist Financial boosted their price target on AvalonBay Communities from $229.00 to $230.00 and gave the company a "hold" rating in a report on Monday, March 10th. Mizuho upgraded AvalonBay Communities from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $239.00 to $242.00 in a report on Monday, January 6th. Barclays lowered their target price on AvalonBay Communities from $230.00 to $226.00 and set an "equal weight" rating for the company in a report on Wednesday, February 19th. Finally, Piper Sandler cut their price target on AvalonBay Communities from $270.00 to $265.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 11th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, AvalonBay Communities currently has an average rating of "Moderate Buy" and a consensus target price of $238.64.
View Our Latest Report on AVB
AvalonBay Communities Stock Performance
Shares of NYSE:AVB traded up $0.36 on Friday, hitting $213.50. 452,396 shares of the company were exchanged, compared to its average volume of 669,360. The firm has a market capitalization of $30.37 billion, a P/E ratio of 28.13, a price-to-earnings-growth ratio of 3.11 and a beta of 1.00. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.68. AvalonBay Communities, Inc. has a 1-year low of $177.40 and a 1-year high of $239.29. The stock's 50 day moving average price is $217.50 and its 200 day moving average price is $222.49.
AvalonBay Communities (NYSE:AVB - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.80 earnings per share 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%. Sell-side analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.
AvalonBay Communities Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.75 dividend. This is an increase from AvalonBay Communities's previous quarterly dividend of $1.70. This represents a $7.00 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Monday, March 31st. AvalonBay Communities's dividend payout ratio is 92.23%.
AvalonBay Communities Company Profile
(
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.
Further Reading
Before you consider AvalonBay Communities, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AvalonBay Communities wasn't on the list.
While AvalonBay Communities currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
