Groupama Asset Managment Has $2.79 Million Stock Holdings in AvalonBay Communities, Inc. (NYSE:AVB)

Groupama Asset Managment decreased its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 59.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,701 shares of the real estate investment trust's stock after selling 18,322 shares during the quarter. Groupama Asset Managment's holdings in AvalonBay Communities were worth $2,792,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Whipplewood Advisors LLC acquired a new position in AvalonBay Communities during the fourth quarter worth approximately $36,000. Crowley Wealth Management Inc. acquired a new stake in AvalonBay Communities during the 4th quarter valued at $44,000. Generali Asset Management SPA SGR bought a new position in AvalonBay Communities during the fourth quarter worth $66,000. Catalyst Capital Advisors LLC increased its holdings in shares of AvalonBay Communities by 312.5% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust's stock valued at $80,000 after purchasing an additional 275 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its position in shares of AvalonBay Communities by 42.6% in the fourth 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 period. Institutional investors own 92.61% of the company's stock.

AvalonBay Communities Price Performance

Shares of NYSE:AVB traded down $14.17 during trading on Friday, hitting $191.69. 1,707,872 shares of the company were exchanged, compared to its average volume of 679,511. AvalonBay Communities, Inc. has a 1-year low of $177.40 and a 1-year high of $239.29. The company has a market capitalization of $27.27 billion, a P/E ratio of 25.26, 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. The business's 50 day moving average is $216.75 and its 200-day moving average is $221.63.

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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 (EPS) for the quarter, missing analysts' consensus estimates of $2.83 by ($0.03). AvalonBay Communities had a return on equity of 9.15% and a net margin of 37.13%. Equities analysts forecast that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

AvalonBay Communities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 is an increase from AvalonBay Communities's previous quarterly dividend of $1.70. This represents a $7.00 annualized dividend and a yield of 3.65%. AvalonBay Communities's dividend payout ratio (DPR) is currently 92.23%.

Analyst Ratings Changes

Several analysts have weighed in on AVB shares. BMO Capital Markets cut shares of AvalonBay Communities from an "outperform" rating to a "market perform" rating and set a $220.00 price objective for the company. in a research note on Friday. Truist Financial increased their price target on AvalonBay Communities from $229.00 to $230.00 and gave the stock a "hold" rating in a research report on Monday, March 10th. Barclays lowered their price objective on AvalonBay Communities from $230.00 to $226.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. Evercore ISI increased their target price on AvalonBay Communities from $230.00 to $240.00 and gave the stock an "in-line" rating in a report on Monday, February 10th. Finally, Piper Sandler dropped their price target on AvalonBay Communities from $270.00 to $265.00 and set an "overweight" rating for the company in a research note on Tuesday, February 11th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $237.40.

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.