AvalonBay Communities, Inc. (NYSE:AVB) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its position in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 280,771 shares of the real estate investment trust's stock after acquiring an additional 3,534 shares during the period. Asset Management One Co. Ltd. owned about 0.20% of AvalonBay Communities worth $62,101,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AVB. RPg Family Wealth Advisory LLC acquired a new stake in shares of AvalonBay Communities during the third quarter worth about $26,000. Brooklyn Investment Group purchased a new stake in AvalonBay Communities during the 3rd quarter worth approximately $39,000. Prospera Private Wealth LLC acquired a new stake in AvalonBay Communities during the 3rd quarter worth approximately $51,000. MassMutual Private Wealth & Trust FSB boosted its position in AvalonBay Communities by 59.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 478 shares of the real estate investment trust's stock valued at $105,000 after buying an additional 179 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of AvalonBay Communities in the third quarter worth $126,000. 92.61% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. 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. Piper Sandler reduced their price target on AvalonBay Communities from $270.00 to $265.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 11th. Royal Bank of Canada boosted their price objective on AvalonBay Communities from $226.00 to $229.00 and gave the stock a "sector perform" rating in a research report on Friday, February 7th. Mizuho raised shares of AvalonBay Communities from a "neutral" rating to an "outperform" rating and raised their target price for the company from $239.00 to $242.00 in a report on Monday, January 6th. Finally, Barclays decreased their price target on shares of AvalonBay Communities from $243.00 to $230.00 and set an "equal weight" rating for the company in a research note on Friday, January 24th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $235.73.

AvalonBay Communities Stock Performance

Shares of AVB traded down $0.41 during mid-day trading on Tuesday, reaching $217.94. 836,761 shares of the company's stock were exchanged, compared to its average volume of 626,250. AvalonBay Communities, Inc. has a 52-week low of $172.85 and a 52-week high of $239.29. 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 stock has a market capitalization of $31.00 billion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 3.10 and a beta of 0.99. The business's fifty day simple moving average is $219.40 and its 200-day simple moving average is $222.76.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.83 by ($0.03). AvalonBay Communities had a return on equity of 9.15% and a net margin of 37.13%. On average, equities research analysts expect that AvalonBay Communities, Inc. will post 11.53 earnings per share for the current year.

AvalonBay Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 3.21%. This is a positive change from AvalonBay Communities's previous quarterly dividend of $1.70. The ex-dividend date of this dividend is Monday, March 31st. AvalonBay Communities's dividend payout ratio (DPR) is 89.59%.

About AvalonBay Communities

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.