Mizuho Securities USA LLC Acquires 4,253 Shares of AvalonBay Communities, Inc. (NYSE:AVB)

Mizuho Securities USA LLC raised its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 46.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,463 shares of the real estate investment trust's stock after purchasing an additional 4,253 shares during the period. Mizuho Securities USA LLC's holdings in AvalonBay Communities were worth $2,961,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in AVB. RPg Family Wealth Advisory LLC acquired a new position in AvalonBay Communities in the third quarter valued at approximately $26,000. Whipplewood Advisors LLC bought a new position in shares of AvalonBay Communities in the 4th quarter worth $36,000. Brooklyn Investment Group acquired a new stake in shares of AvalonBay Communities during the third quarter worth $39,000. Generali Asset Management SPA SGR bought a new stake in AvalonBay Communities in the fourth quarter valued at about $66,000. Finally, Catalyst Capital Advisors LLC lifted its stake in 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 buying an additional 275 shares during the period. 92.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays cut their price target on shares of AvalonBay Communities from $230.00 to $226.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 19th. Mizuho raised shares of AvalonBay Communities from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $239.00 to $242.00 in a research report on Monday, January 6th. Piper Sandler lowered their price objective 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. Morgan Stanley lowered AvalonBay Communities from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $236.00 to $223.00 in a report on Friday, January 24th. Finally, Truist Financial increased their price target on AvalonBay Communities from $229.00 to $230.00 and gave the stock a "hold" rating in a report on Monday, March 10th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $238.64.

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AvalonBay Communities Stock Down 0.4 %

AvalonBay Communities stock traded down $0.91 during mid-day trading on Thursday, reaching $213.18. The company's stock had a trading volume of 659,421 shares, compared to its average volume of 630,652. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.64 and a current ratio of 1.64. AvalonBay Communities, Inc. has a 12 month low of $177.40 and a 12 month high of $239.29. The business's 50 day simple moving average is $217.69 and its 200 day simple moving average is $222.64. The company has a market capitalization of $30.33 billion, a price-to-earnings ratio of 28.09, a price-to-earnings-growth ratio of 3.11 and a beta of 1.00.

AvalonBay Communities (NYSE:AVB - Get Free Report) last released 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 net margin of 37.13% and a return on equity of 9.15%. As a group, research 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. Stockholders of record on Monday, March 31st will be given a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.28%. 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 dividend payout ratio (DPR) is 92.23%.

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.