2,894 Shares in AvalonBay Communities, Inc. (NYSE:AVB) Purchased by Heritage Trust Co

Heritage Trust Co acquired a new stake in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,894 shares of the real estate investment trust's stock, valued at approximately $637,000.

A number of other institutional investors have also recently added to or reduced their stakes in AVB. Whipplewood Advisors LLC acquired a new stake in shares of AvalonBay Communities in the 4th quarter worth about $36,000. Crowley Wealth Management Inc. bought a new position in AvalonBay Communities in the 4th quarter worth about $44,000. Generali Asset Management SPA SGR acquired a new stake in shares of AvalonBay Communities in the fourth quarter valued at approximately $66,000. Catalyst Capital Advisors LLC raised its holdings 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 valued at $80,000 after buying an additional 275 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its position in shares of AvalonBay Communities by 42.6% during the fourth quarter. Loomis Sayles & Co. L P now owns 442 shares of the real estate investment trust's stock worth $97,000 after buying an additional 132 shares during the period. 92.61% of the stock is currently owned by institutional investors.

AvalonBay Communities Stock Down 0.3 %

NYSE AVB traded down $0.54 during trading on Tuesday, hitting $200.38. 1,384,803 shares of the company traded hands, compared to its average volume of 693,217. The business has a fifty day simple moving average of $212.55 and a 200 day simple moving average of $219.64. AvalonBay Communities, Inc. has a 12 month low of $177.40 and a 12 month high of $239.29. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $28.53 billion, a P/E ratio of 26.40, a PEG ratio of 3.11 and a beta of 0.86.

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

AvalonBay Communities Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from AvalonBay Communities's previous quarterly dividend of $1.70. AvalonBay Communities's payout ratio is currently 92.23%.

Analysts Set New Price Targets

A number of research analysts have issued reports on AVB shares. BMO Capital Markets lowered AvalonBay Communities from an "outperform" rating to a "market perform" rating and set a $220.00 price target for the company. in a research report on Friday, April 4th. Mizuho raised shares of AvalonBay Communities from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $239.00 to $242.00 in a report on Monday, January 6th. JPMorgan Chase & Co. raised shares of AvalonBay Communities from a "neutral" rating to an "overweight" rating and raised their target price for the company from $247.00 to $262.00 in a research note on Tuesday, December 17th. Piper Sandler reduced 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 note on Tuesday, February 11th. Finally, Morgan Stanley lowered shares of AvalonBay Communities from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $236.00 to $223.00 in a research note on Friday, January 24th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $237.47.

AvalonBay Communities Company 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.