4,500 Shares in AvalonBay Communities, Inc. (NYSE:AVB) Acquired by American Assets Capital Advisers LLC

American Assets Capital Advisers LLC purchased a new stake in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,500 shares of the real estate investment trust's stock, valued at approximately $1,014,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of AVB. Daiwa Securities Group Inc. increased its holdings in AvalonBay Communities by 487.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 359,474 shares of the real estate investment trust's stock valued at $74,372,000 after buying an additional 298,322 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of AvalonBay Communities in the 3rd quarter valued at $581,960,000. Canada Pension Plan Investment Board boosted its stake in shares of AvalonBay Communities by 14.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,980,675 shares of the real estate investment trust's stock valued at $367,534,000 after purchasing an additional 249,400 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of AvalonBay Communities by 958.9% in the 3rd quarter. SG Americas Securities LLC now owns 172,618 shares of the real estate investment trust's stock valued at $38,882,000 after purchasing an additional 156,316 shares in the last quarter. Finally, Artemis Investment Management LLP acquired a new stake in shares of AvalonBay Communities in the 3rd quarter valued at $29,256,000. Institutional investors own 92.61% of the company's stock.

AvalonBay Communities Trading Down 0.9 %

NYSE:AVB traded down $2.02 on Tuesday, hitting $230.19. 423,552 shares of the stock were exchanged, compared to its average volume of 728,118. The stock has a market capitalization of $32.74 billion, a price-to-earnings ratio of 31.77, a P/E/G ratio of 3.55 and a beta of 0.97. AvalonBay Communities, Inc. has a 52 week low of $164.76 and a 52 week high of $236.26. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.03 and a current ratio of 2.03. The company's 50-day moving average price is $226.05 and its 200 day moving average price is $211.63.

AvalonBay Communities (NYSE:AVB - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $2.61 EPS for the quarter, missing analysts' consensus estimates of $2.71 by ($0.10). The company had revenue of $734.31 million during the quarter, compared to the consensus estimate of $731.67 million. AvalonBay Communities had a net margin of 36.20% and a return on equity of 8.84%. During the same period last year, the company earned $2.66 earnings per share. On average, equities research analysts forecast that AvalonBay Communities, Inc. will post 11.04 earnings per share for the current year.

AvalonBay Communities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.70 dividend. The ex-dividend date was Monday, September 30th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 2.95%. AvalonBay Communities's dividend payout ratio (DPR) is presently 93.02%.

Wall Street Analyst Weigh In

AVB has been the topic of several recent analyst reports. Truist Financial boosted their target price on shares of AvalonBay Communities from $213.00 to $230.00 and gave the company a "hold" rating in a research note on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of AvalonBay Communities from $206.00 to $249.00 and gave the company a "buy" rating in a research note on Tuesday, September 10th. Evercore ISI boosted their target price on shares of AvalonBay Communities from $225.00 to $229.00 and gave the company an "in-line" rating in a research note on Monday, September 16th. Wells Fargo & Company boosted their target price on shares of AvalonBay Communities from $222.00 to $244.00 and gave the company an "overweight" rating in a research note on Monday, August 26th. Finally, BNP Paribas started coverage on shares of AvalonBay Communities in a research report on Wednesday, September 11th. They set an "outperform" rating and a $250.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $227.06.

AvalonBay Communities Company Profile

As of December 31, 2023, the Company owned or held a direct or indirect ownership interest in 299 apartment communities containing 90,669 apartment homes in 12 states and the District of Columbia, of which 18 communities were under development. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company's expansion regions of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado.