EntryPoint Capital LLC increased its position in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 129.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,240 shares of the real estate investment trust's stock after purchasing an additional 1,265 shares during the quarter. EntryPoint Capital LLC's holdings in AvalonBay Communities were worth $493,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of AvalonBay Communities in the 3rd quarter worth approximately $26,000. Whipplewood Advisors LLC bought a new stake in AvalonBay Communities during the 4th quarter valued at $36,000. Brooklyn Investment Group acquired a new position in shares of AvalonBay Communities in the 3rd quarter valued at $39,000. Crowley Wealth Management Inc. acquired a new stake in AvalonBay Communities during the 4th quarter worth about $44,000. Finally, Generali Asset Management SPA SGR purchased a new stake in AvalonBay Communities during the 4th quarter valued at about $66,000. 92.61% of the stock is currently owned by hedge funds and other institutional investors.
AvalonBay Communities Trading Up 0.2 %
NYSE AVB traded up $0.36 on Friday, reaching $213.50. The stock had a trading volume of 452,396 shares, compared to its average volume of 669,360. AvalonBay Communities, Inc. has a 12-month low of $177.40 and a 12-month high of $239.29. The stock has a fifty day moving average price of $217.50 and a two-hundred day moving average price of $222.45. 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 $30.37 billion, a price-to-earnings ratio of 28.13, a P/E/G ratio of 3.11 and a beta of 1.00.
AvalonBay Communities (NYSE:AVB - Get Free Report) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.80 EPS for the quarter, missing analysts' consensus estimates 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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Monday, March 31st. This is an increase from AvalonBay Communities's previous quarterly dividend of $1.70. AvalonBay Communities's dividend payout ratio (DPR) is currently 92.23%.
Analyst Ratings Changes
A number of equities research analysts recently commented on AVB shares. Morgan Stanley downgraded AvalonBay Communities from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $236.00 to $223.00 in a report on Friday, January 24th. Piper Sandler dropped their price objective on shares of AvalonBay Communities from $270.00 to $265.00 and set an "overweight" rating on the stock in a report on Tuesday, February 11th. JPMorgan Chase & Co. raised shares of AvalonBay Communities from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $247.00 to $262.00 in a report on Tuesday, December 17th. Mizuho raised shares of AvalonBay Communities from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $239.00 to $242.00 in a research note on Monday, January 6th. Finally, Royal Bank of Canada increased their target price on shares of AvalonBay Communities from $226.00 to $229.00 and gave the company a "sector perform" rating in a research report on Friday, February 7th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $238.64.
Read Our Latest Report on AvalonBay Communities
AvalonBay Communities Profile
(
Free Report)
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.
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