AvalonBay Communities, Inc. (NYSE:AVB) Shares Bought by Sei Investments Co.

Sei Investments Co. boosted its position in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 14.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 344,139 shares of the real estate investment trust's stock after buying an additional 42,416 shares during the period. Sei Investments Co. owned approximately 0.24% of AvalonBay Communities worth $75,701,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AVB. RPg Family Wealth Advisory LLC purchased a new position in AvalonBay Communities in the third quarter worth about $26,000. Whipplewood Advisors LLC purchased a new position in shares of AvalonBay Communities in the 4th quarter worth approximately $36,000. Brooklyn Investment Group bought a new position in shares of AvalonBay Communities during the 3rd quarter valued at approximately $39,000. Generali Asset Management SPA SGR purchased a new stake in AvalonBay Communities during the 4th quarter valued at $66,000. Finally, Catalyst Capital Advisors LLC lifted its position in AvalonBay Communities by 312.5% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust's stock worth $80,000 after buying an additional 275 shares during the last quarter. Hedge funds and other institutional investors own 92.61% of the company's stock.

AvalonBay Communities Trading Down 0.4 %

NYSE AVB traded down $0.91 on Thursday, reaching $213.18. The stock had a trading volume of 659,421 shares, compared to its average volume of 630,652. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.68. The stock has a fifty day moving average price of $217.69 and a two-hundred day moving average price of $222.64. AvalonBay Communities, Inc. has a 12-month low of $177.40 and a 12-month high of $239.29. The firm has a market capitalization of $30.33 billion, a price-to-earnings ratio of 28.09, a P/E/G ratio of 3.11 and a beta of 1.00.

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AvalonBay Communities (NYSE:AVB - Get Free Report) last issued its quarterly 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 net margin of 37.13% and a return on equity of 9.15%. As a group, sell-side analysts forecast that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal 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 given a $1.75 dividend. The ex-dividend date is Monday, March 31st. This is a boost from AvalonBay Communities's previous quarterly dividend of $1.70. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.28%. AvalonBay Communities's dividend payout ratio is 92.23%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AVB shares. Piper Sandler lowered their target price on shares of AvalonBay Communities from $270.00 to $265.00 and set an "overweight" rating for the company in a report on Tuesday, February 11th. JPMorgan Chase & Co. raised AvalonBay Communities from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $247.00 to $262.00 in a research report on Tuesday, December 17th. Truist Financial boosted their target price on shares of AvalonBay Communities from $229.00 to $230.00 and gave the company a "hold" rating in a research note on Monday, March 10th. Zelman & Associates raised shares of AvalonBay Communities from a "neutral" rating to an "outperform" rating in a research note on Thursday, February 13th. Finally, Evercore ISI boosted their price objective on shares of AvalonBay Communities from $230.00 to $240.00 and gave the company an "in-line" rating in a research report on Monday, February 10th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, AvalonBay Communities presently has an average rating of "Moderate Buy" and an average 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.