AvalonBay Communities, Inc. (NYSE:AVB) Shares Sold by Greenland Capital Management LP

Greenland Capital Management LP lowered its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 51.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,248 shares of the real estate investment trust's stock after selling 20,752 shares during the quarter. Greenland Capital Management LP's holdings in AvalonBay Communities were worth $4,234,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of AVB. Whipplewood Advisors LLC purchased a new position in shares of AvalonBay Communities in the 4th quarter valued at $36,000. Crowley Wealth Management Inc. purchased a new position in shares of AvalonBay Communities during the fourth quarter worth about $44,000. Generali Asset Management SPA SGR purchased a new position in shares of AvalonBay Communities during the fourth quarter worth about $66,000. Catalyst Capital Advisors LLC increased its position in shares of AvalonBay Communities by 312.5% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust's stock worth $80,000 after purchasing an additional 275 shares in the last quarter. Finally, Loomis Sayles & Co. L P lifted its holdings in shares of AvalonBay Communities by 42.6% in the 4th quarter. Loomis Sayles & Co. L P now owns 442 shares of the real estate investment trust's stock valued at $97,000 after purchasing an additional 132 shares during the last quarter. Hedge funds and other institutional investors own 92.61% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. JPMorgan Chase & Co. raised 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 report on Tuesday, December 17th. Evercore ISI lifted their target price on shares of AvalonBay Communities from $230.00 to $240.00 and gave the company an "in-line" rating in a report on Monday, February 10th. Barclays upped their price target on shares of AvalonBay Communities from $226.00 to $227.00 and gave the company an "equal weight" rating in a research report on Friday. Zelman & Associates raised shares of AvalonBay Communities from a "neutral" rating to an "outperform" rating in a research report on Thursday, February 13th. Finally, Truist Financial upped their target price on shares of AvalonBay Communities from $229.00 to $230.00 and gave the company a "hold" rating in a report on Monday, March 10th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $237.47.

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AvalonBay Communities Price Performance

Shares of AvalonBay Communities stock traded down $0.64 during trading on Friday, reaching $192.95. The company's stock had a trading volume of 1,234,629 shares, compared to its average volume of 688,948. The business has a 50 day moving average price of $213.02 and a 200-day moving average price of $219.81. AvalonBay Communities, Inc. has a 12-month low of $177.40 and a 12-month high of $239.29. The company has a market capitalization of $27.47 billion, a P/E ratio of 25.42, a price-to-earnings-growth ratio of 3.11 and a beta of 0.86. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.68.

AvalonBay Communities (NYSE:AVB - Get Free Report) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.80 earnings per share 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%. As a group, sell-side analysts anticipate that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $1.75 per share. The ex-dividend date is Monday, March 31st. This represents a $7.00 dividend on an annualized basis and a yield of 3.63%. This is a boost from AvalonBay Communities's previous quarterly dividend of $1.70. AvalonBay Communities's payout ratio is presently 92.23%.

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.