AvalonBay Communities, Inc. (NYSE:AVB) Shares Purchased by GeoWealth Management LLC

GeoWealth Management LLC grew its holdings in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 26.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,204 shares of the real estate investment trust's stock after acquiring an additional 2,361 shares during the period. GeoWealth Management LLC's holdings in AvalonBay Communities were worth $2,464,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wedmont Private Capital grew its position in AvalonBay Communities by 5.3% in the fourth quarter. Wedmont Private Capital now owns 1,094 shares of the real estate investment trust's stock valued at $231,000 after acquiring an additional 55 shares in the last quarter. Signaturefd LLC grew its holdings in AvalonBay Communities by 4.0% during the 4th quarter. Signaturefd LLC now owns 1,616 shares of the real estate investment trust's stock valued at $356,000 after purchasing an additional 62 shares in the last quarter. Private Advisor Group LLC grew its holdings in AvalonBay Communities by 2.6% during the 4th quarter. Private Advisor Group LLC now owns 2,512 shares of the real estate investment trust's stock valued at $553,000 after purchasing an additional 63 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in AvalonBay Communities by 0.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,179 shares of the real estate investment trust's stock worth $2,679,000 after buying an additional 69 shares during the period. Finally, Greenleaf Trust lifted its holdings in AvalonBay Communities by 2.4% in the 4th quarter. Greenleaf Trust now owns 3,028 shares of the real estate investment trust's stock worth $666,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 92.61% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AVB shares. Royal Bank of Canada lifted their target price on AvalonBay Communities from $226.00 to $229.00 and gave the stock a "sector perform" rating in a research report on Friday, February 7th. Morgan Stanley downgraded AvalonBay Communities from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $236.00 to $223.00 in a report on Friday, January 24th. BMO Capital Markets lowered AvalonBay Communities from an "outperform" rating to a "market perform" rating and set a $220.00 target price on the stock. in a research report on Friday, April 4th. Piper Sandler decreased their price target on shares of AvalonBay Communities from $270.00 to $265.00 and set an "overweight" rating for the company in a research report on Tuesday, February 11th. Finally, Truist Financial upped their price target 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 investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, AvalonBay Communities presently has a consensus rating of "Moderate Buy" and an average price target of $237.47.

AvalonBay Communities Stock Performance

NYSE:AVB traded up $1.14 during midday trading on Thursday, reaching $207.56. 225,943 shares of the company traded hands, compared to its average volume of 755,068. The firm has a market capitalization of $29.55 billion, a price-to-earnings ratio of 27.35, a price-to-earnings-growth ratio of 3.11 and a beta of 0.86. The company has a fifty day moving average price of $210.26 and a 200 day moving average price of $218.74. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.64 and a quick ratio of 1.64. AvalonBay Communities, Inc. has a twelve month low of $180.40 and a twelve month high of $239.29.

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 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%. On average, analysts expect that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date was Monday, March 31st. This is a positive change from AvalonBay Communities's previous quarterly dividend of $1.70. AvalonBay Communities's dividend payout ratio (DPR) is currently 92.23%.

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.