AvalonBay Communities, Inc. (NYSE:AVB) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC grew its position in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 4.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,704 shares of the real estate investment trust's stock after purchasing an additional 2,985 shares during the quarter. Natixis Advisors LLC's holdings in AvalonBay Communities were worth $14,800,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Empowered Funds LLC boosted its position in shares of AvalonBay Communities by 10.3% during the 3rd quarter. Empowered Funds LLC now owns 2,337 shares of the real estate investment trust's stock valued at $526,000 after acquiring an additional 218 shares during the last quarter. CIBC Asset Management Inc raised its holdings in AvalonBay Communities by 8.4% in the third quarter. CIBC Asset Management Inc now owns 21,666 shares of the real estate investment trust's stock valued at $4,880,000 after acquiring an additional 1,679 shares in the last quarter. OneDigital Investment Advisors LLC raised its holdings in AvalonBay Communities by 4.6% in the third quarter. OneDigital Investment Advisors LLC now owns 1,244 shares of the real estate investment trust's stock valued at $280,000 after acquiring an additional 55 shares in the last quarter. Nicola Wealth Management LTD. increased its stake in AvalonBay Communities by 10.5% in the third quarter. Nicola Wealth Management LTD. now owns 9,450 shares of the real estate investment trust's stock valued at $2,129,000 after purchasing an additional 900 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its stake in AvalonBay Communities by 15.5% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,118 shares of the real estate investment trust's stock valued at $928,000 after purchasing an additional 553 shares during the last quarter. 92.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AVB has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of AvalonBay Communities from $222.00 to $244.00 and gave the company an "overweight" rating in a research report on Monday, August 26th. BNP Paribas initiated coverage on AvalonBay Communities in a research report on Wednesday, September 11th. They set an "outperform" rating and a $250.00 price objective for the company. Deutsche Bank Aktiengesellschaft lifted their price target on AvalonBay Communities from $206.00 to $249.00 and gave the company a "buy" rating in a report on Tuesday, September 10th. Truist Financial boosted their target price on AvalonBay Communities from $213.00 to $230.00 and gave the stock a "hold" rating in a report on Tuesday, August 27th. Finally, Evercore ISI upped their target price on AvalonBay Communities from $225.00 to $229.00 and gave the company an "in-line" rating in a research report on Monday, September 16th. Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $226.88.

Insider Buying and Selling at AvalonBay Communities

In related news, Director Timothy J. Naughton sold 23,697 shares of the business's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $233.47, for a total transaction of $5,532,538.59. Following the completion of the transaction, the director now owns 87,239 shares in the company, valued at $20,367,689.33. The trade was a 21.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.42% of the stock is currently owned by insiders.

AvalonBay Communities Stock Performance

AVB stock traded down $1.47 on Wednesday, hitting $227.91. The company had a trading volume of 141,734 shares, compared to its average volume of 721,924. The stock's 50-day simple moving average is $226.46 and its 200 day simple moving average is $213.28. The stock has a market cap of $32.42 billion, a price-to-earnings ratio of 31.38, a P/E/G ratio of 3.35 and a beta of 0.97. AvalonBay Communities, Inc. has a 12-month low of $169.37 and a 12-month high of $236.26. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.70.

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

AvalonBay Communities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $1.70 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $6.80 dividend on an annualized basis and a yield of 2.98%. AvalonBay Communities's dividend payout ratio is currently 93.02%.

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.