APG Asset Management N.V. Has $26.17 Million Stock Holdings in AvalonBay Communities, Inc. (NYSE:AVB)

APG Asset Management N.V. boosted its holdings in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 226.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 123,206 shares of the real estate investment trust's stock after buying an additional 85,510 shares during the period. APG Asset Management N.V. owned approximately 0.09% of AvalonBay Communities worth $26,172,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AVB. Stratos Wealth Partners LTD. lifted its stake in shares of AvalonBay Communities by 29.6% during the fourth quarter. Stratos Wealth Partners LTD. now owns 1,260 shares of the real estate investment trust's stock worth $277,000 after purchasing an additional 288 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of AvalonBay Communities by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 4,060,497 shares of the real estate investment trust's stock valued at $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 in the last quarter. Portfolio Design Labs LLC boosted its stake in shares of AvalonBay Communities by 27.0% in 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, Sei Investments Co. grew its holdings in AvalonBay Communities by 14.1% during the 4th quarter. Sei Investments Co. now owns 344,139 shares of the real estate investment trust's stock valued at $75,701,000 after purchasing an additional 42,416 shares in the last quarter. 92.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on AVB. Piper Sandler decreased 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. BMO Capital Markets lowered AvalonBay Communities from an "outperform" rating to a "market perform" rating and set a $220.00 price objective for the company. in a research note on Friday, April 4th. JPMorgan Chase & Co. upgraded AvalonBay Communities from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $247.00 to $262.00 in a research note on Tuesday, December 17th. Mizuho upgraded AvalonBay Communities from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $239.00 to $242.00 in a research note on Monday, January 6th. Finally, Evercore ISI lifted their target price on AvalonBay Communities from $230.00 to $240.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. Eight 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, AvalonBay Communities presently has a consensus rating of "Moderate Buy" and a consensus price target of $237.47.

AvalonBay Communities Stock Performance

AVB remained flat at $200.92 on Tuesday. 253,985 shares of the company were exchanged, compared to its average volume of 688,633. The stock has a market cap of $28.60 billion, a P/E ratio of 26.47, a P/E/G ratio of 3.11 and a beta of 0.86. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a 50 day moving average of $212.55 and a two-hundred day moving average of $219.64. AvalonBay Communities, Inc. has a 12-month low of $177.40 and a 12-month high of $239.29.

AvalonBay Communities (NYSE:AVB - Get Free Report) last announced its 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 return on equity of 9.15% and a net margin of 37.13%. Research analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $1.75 per share. This is a positive change from AvalonBay Communities's previous quarterly dividend of $1.70. This represents a $7.00 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Monday, March 31st. AvalonBay Communities's payout ratio is presently 92.23%.

AvalonBay Communities Company 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.