Landscape Capital Management L.L.C. Buys Shares of 2,006 AvalonBay Communities, Inc. (NYSE:AVB)

Landscape Capital Management L.L.C. acquired a new position in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,006 shares of the real estate investment trust's stock, valued at approximately $441,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AVB. Norges Bank purchased a new stake in shares of AvalonBay Communities in the 4th quarter valued at about $1,499,050,000. Principal Financial Group Inc. lifted its stake in AvalonBay Communities by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 4,590,539 shares of the real estate investment trust's stock valued at $1,009,781,000 after buying an additional 27,629 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in AvalonBay Communities by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 4,060,497 shares of the real estate investment trust's stock valued at $914,627,000 after buying an additional 55,588 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of AvalonBay Communities by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 3,693,457 shares of the real estate investment trust's stock valued at $810,470,000 after acquiring an additional 107,655 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of AvalonBay Communities by 49.9% during the fourth quarter. Wellington Management Group LLP now owns 2,488,975 shares of the real estate investment trust's stock worth $547,500,000 after acquiring an additional 828,009 shares during the last quarter. Institutional investors and hedge funds own 92.61% of the company's stock.

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AvalonBay Communities Price Performance

Shares of NYSE:AVB traded down $0.64 on Friday, reaching $192.95. 1,234,629 shares of the company were exchanged, compared to its average volume of 688,948. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.68. AvalonBay Communities, Inc. has a 1-year low of $177.40 and a 1-year high of $239.29. The company has a 50-day moving average of $213.02 and a 200-day moving average of $219.81. The firm has a market cap of $27.47 billion, a price-to-earnings ratio of 25.42, a price-to-earnings-growth ratio of 3.11 and a beta of 0.86.

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 for the quarter, missing the consensus estimate 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 fiscal year.

AvalonBay Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $1.75 per share. The ex-dividend date is Monday, March 31st. This is a boost from AvalonBay Communities's previous quarterly dividend of $1.70. This represents a $7.00 annualized dividend and a yield of 3.63%. AvalonBay Communities's payout ratio is currently 92.23%.

Analysts Set New Price Targets

AVB has been the subject of a number of recent research reports. 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 note on Tuesday, February 11th. Barclays increased their target price on shares of AvalonBay Communities from $226.00 to $227.00 and gave the stock an "equal weight" rating in a research note on Friday. Evercore ISI boosted their price target on AvalonBay Communities from $230.00 to $240.00 and gave the company an "in-line" rating in a research report on Monday, February 10th. Zelman & Associates raised AvalonBay Communities from a "neutral" rating to an "outperform" rating in a research note on Thursday, February 13th. Finally, BMO Capital Markets downgraded AvalonBay Communities from an "outperform" rating to a "market perform" rating and set a $220.00 target price on the stock. in a research note on Friday, April 4th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.