Achmea Investment Management B.V. Purchases 6,922 Shares of AvalonBay Communities, Inc. (NYSE:AVB)

Achmea Investment Management B.V. lifted its holdings in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 66.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 17,277 shares of the real estate investment trust's stock after purchasing an additional 6,922 shares during the quarter. Achmea Investment Management B.V.'s holdings in AvalonBay Communities were worth $3,800,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp boosted its position in AvalonBay Communities by 2.2% during the 3rd quarter. State Street Corp now owns 9,245,028 shares of the real estate investment trust's stock worth $2,097,971,000 after acquiring an additional 196,938 shares during the last quarter. Principal Financial Group Inc. boosted its position in AvalonBay Communities by 0.6% during the 4th quarter. Principal Financial Group Inc. now owns 4,590,539 shares of the real estate investment trust's stock worth $1,009,781,000 after acquiring an additional 27,629 shares during the last quarter. JPMorgan Chase & Co. boosted its position in AvalonBay Communities by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,060,497 shares of the real estate investment trust's stock worth $914,627,000 after acquiring an additional 55,588 shares during the last quarter. Geode Capital Management LLC boosted its position in AvalonBay Communities by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,585,802 shares of the real estate investment trust's stock worth $805,113,000 after acquiring an additional 27,988 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in AvalonBay Communities by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,266,701 shares of the real estate investment trust's stock worth $498,606,000 after acquiring an additional 26,265 shares during the last quarter. 92.61% of the stock is currently owned by institutional investors and hedge funds.

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AvalonBay Communities Stock Performance

AVB traded up $0.41 during trading hours on Wednesday, reaching $210.66. The company's stock had a trading volume of 609,835 shares, compared to its average volume of 652,609. AvalonBay Communities, Inc. has a 52 week low of $177.40 and a 52 week high of $239.29. The company's 50-day moving average is $217.98 and its 200-day moving average is $223.21. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a market cap of $29.97 billion, a PE ratio of 27.75, a price-to-earnings-growth ratio of 3.11 and a beta of 1.00.

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 analysts' consensus estimates 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, equities analysts forecast that AvalonBay Communities, Inc. will post 11.48 EPS for the current 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 given a dividend of $1.75 per share. This is a boost from AvalonBay Communities's previous quarterly dividend of $1.70. The ex-dividend date of this dividend is Monday, March 31st. This represents a $7.00 annualized dividend and a yield of 3.32%. AvalonBay Communities's dividend payout ratio (DPR) is presently 92.23%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AVB. Truist Financial upped their price target on AvalonBay Communities from $229.00 to $230.00 and gave the stock a "hold" rating in a research report on Monday, March 10th. Royal Bank of Canada increased their price objective on AvalonBay Communities from $226.00 to $229.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. Piper Sandler cut their price objective on AvalonBay Communities from $270.00 to $265.00 and set an "overweight" rating for the company in a report on Tuesday, February 11th. Mizuho raised AvalonBay Communities from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $239.00 to $242.00 in a report on Monday, January 6th. Finally, Barclays cut their price objective 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. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $238.64.

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.