Lbp Am Sa Purchases 41,806 Shares of AvalonBay Communities, Inc. (NYSE:AVB)

LBP AM SA raised its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 490.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,330 shares of the real estate investment trust's stock after buying an additional 41,806 shares during the quarter. LBP AM SA's holdings in AvalonBay Communities were worth $11,071,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AVB. Commonwealth Equity Services LLC boosted its holdings in shares of AvalonBay Communities by 7.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 20,783 shares of the real estate investment trust's stock worth $4,572,000 after purchasing an additional 1,441 shares in the last quarter. PGGM Investments boosted its holdings in shares of AvalonBay Communities by 6.9% in the 4th quarter. PGGM Investments now owns 6,076 shares of the real estate investment trust's stock worth $1,337,000 after purchasing an additional 394 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of AvalonBay Communities by 0.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 58,579 shares of the real estate investment trust's stock worth $12,875,000 after purchasing an additional 295 shares in the last quarter. Erste Asset Management GmbH boosted its holdings in shares of AvalonBay Communities by 9.0% in the 4th quarter. Erste Asset Management GmbH now owns 8,500 shares of the real estate investment trust's stock worth $1,880,000 after purchasing an additional 700 shares in the last quarter. Finally, Achmea Investment Management B.V. boosted its holdings in shares of AvalonBay Communities by 66.8% in the 4th quarter. Achmea Investment Management B.V. now owns 17,277 shares of the real estate investment trust's stock worth $3,800,000 after purchasing an additional 6,922 shares in the last quarter. 92.61% of the stock is currently owned by hedge funds and other institutional investors.

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AvalonBay Communities Stock Up 0.2 %

Shares of AvalonBay Communities stock traded up $0.41 on Wednesday, reaching $210.66. The company's stock had a trading volume of 609,835 shares, compared to its average volume of 625,372. The company has a market capitalization of $29.97 billion, a price-to-earnings ratio of 27.75, a P/E/G ratio of 3.11 and a beta of 1.00. The firm's fifty day simple moving average is $217.98 and its two-hundred day simple moving average is $223.21. AvalonBay Communities, Inc. has a 52 week low of $177.40 and a 52 week high of $239.29. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.68.

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 return on equity of 9.15% and a net margin of 37.13%. Equities analysts anticipate that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current 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 $1.75 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $7.00 annualized dividend and a dividend yield of 3.32%. This is a positive change from AvalonBay Communities's previous quarterly dividend of $1.70. AvalonBay Communities's payout ratio is presently 92.23%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AVB shares. JPMorgan Chase & Co. upgraded AvalonBay Communities from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $247.00 to $262.00 in a report on Tuesday, December 17th. Evercore ISI increased their target price on AvalonBay Communities from $230.00 to $240.00 and gave the company an "in-line" rating in a report on Monday, February 10th. Royal Bank of Canada increased their target price on AvalonBay Communities from $226.00 to $229.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. Truist Financial increased their price objective on AvalonBay Communities from $229.00 to $230.00 and gave the stock a "hold" rating in a report on Monday, March 10th. Finally, Mizuho upgraded AvalonBay Communities from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $239.00 to $242.00 in a report on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $238.64.

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.