Daiwa Securities Group Inc. Acquires 188,906 Shares of AvalonBay Communities, Inc. (NYSE:AVB)

Daiwa Securities Group Inc. boosted its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 51.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 554,290 shares of the real estate investment trust's stock after purchasing an additional 188,906 shares during the period. Daiwa Securities Group Inc. owned 0.39% of AvalonBay Communities worth $121,927,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. RPg Family Wealth Advisory LLC bought a new position in shares of AvalonBay Communities in the third quarter valued at about $26,000. Whipplewood Advisors LLC acquired a new stake in AvalonBay Communities in the 4th quarter valued at about $36,000. Brooklyn Investment Group bought a new position in shares of AvalonBay Communities in the third quarter worth about $39,000. Prospera Private Wealth LLC acquired a new position in shares of AvalonBay Communities during the third quarter worth approximately $51,000. Finally, Catalyst Capital Advisors LLC lifted 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. Institutional investors own 92.61% of the company's stock.

AvalonBay Communities Stock Down 1.2 %

Shares of AVB traded down $2.59 on Thursday, hitting $207.45. The company's stock had a trading volume of 652,531 shares, compared to its average volume of 636,309. The firm's fifty day moving average price is $218.41 and its 200-day moving average price is $223.57. AvalonBay Communities, Inc. has a fifty-two week low of $177.40 and a fifty-two week high of $239.29. 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 firm has a market capitalization of $29.51 billion, a price-to-earnings ratio of 27.33, 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 released its quarterly 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 net margin of 37.13% and a return on equity of 9.15%. On average, equities research analysts expect that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $1.75 dividend. This is an increase from AvalonBay Communities's previous quarterly dividend of $1.70. The ex-dividend date of this dividend is Monday, March 31st. This represents a $7.00 annualized dividend and a dividend yield of 3.37%. AvalonBay Communities's dividend payout ratio (DPR) is currently 92.23%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AVB shares. Truist Financial boosted their price objective on shares of AvalonBay Communities from $229.00 to $230.00 and gave the stock a "hold" rating in a research report on Monday. Mizuho upgraded AvalonBay Communities from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $239.00 to $242.00 in a research report on Monday, January 6th. Zelman & Associates upgraded AvalonBay Communities from a "neutral" rating to an "outperform" rating in a report on Thursday, February 13th. Barclays lowered their price objective on AvalonBay Communities from $230.00 to $226.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 19th. Finally, Piper Sandler cut their target price on shares of AvalonBay Communities from $270.00 to $265.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 11th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.