Moran Wealth Management LLC Lowers Holdings in AvalonBay Communities, Inc. (NYSE:AVB)

Moran Wealth Management LLC lowered its position in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 93.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,253 shares of the real estate investment trust's stock after selling 103,381 shares during the quarter. Moran Wealth Management LLC's holdings in AvalonBay Communities were worth $1,595,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of AvalonBay Communities by 27.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 118,708 shares of the real estate investment trust's stock worth $26,112,000 after buying an additional 25,922 shares in the last quarter. OFI Invest Asset Management purchased a new stake in AvalonBay Communities in the fourth quarter worth about $770,000. Naviter Wealth LLC grew its holdings in AvalonBay Communities by 9.5% during the 4th quarter. Naviter Wealth LLC now owns 9,972 shares of the real estate investment trust's stock worth $2,210,000 after acquiring an additional 867 shares in the last quarter. Larson Financial Group LLC increased its position in AvalonBay Communities by 23.8% during the 4th quarter. Larson Financial Group LLC now owns 1,922 shares of the real estate investment trust's stock valued at $423,000 after purchasing an additional 369 shares during the period. Finally, Candriam S.C.A. raised its holdings in shares of AvalonBay Communities by 0.9% in the 4th quarter. Candriam S.C.A. now owns 19,972 shares of the real estate investment trust's stock valued at $4,393,000 after purchasing an additional 175 shares in the last quarter. 92.61% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AVB shares. Scotiabank cut their price objective on shares of AvalonBay Communities from $244.00 to $241.00 and set a "sector perform" rating on the stock in a report on Thursday, November 14th. Truist Financial increased their target price on AvalonBay Communities from $229.00 to $230.00 and gave the company a "hold" rating in a research report on Monday. Evercore ISI upped their price objective on AvalonBay Communities from $230.00 to $240.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. Barclays cut their target price 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. Finally, Morgan Stanley lowered shares of AvalonBay Communities from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $236.00 to $223.00 in a research report on Friday, January 24th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $238.64.

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AvalonBay Communities Trading Down 1.4 %

NYSE:AVB opened at $213.30 on Wednesday. The company has a market capitalization of $30.34 billion, a P/E ratio of 28.10, a PEG ratio of 3.11 and a beta of 1.00. 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 12 month low of $177.40 and a 12 month high of $239.29. The firm has a fifty day simple moving average of $218.61 and a 200-day simple moving average of $223.66.

AvalonBay Communities (NYSE:AVB - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.80 earnings per share 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%. On average, equities research analysts anticipate that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

AvalonBay Communities Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 a positive change from AvalonBay Communities's previous quarterly dividend of $1.70. This represents a $7.00 dividend on an annualized basis and a yield of 3.28%. AvalonBay Communities's dividend payout ratio (DPR) is currently 92.23%.

AvalonBay Communities 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.

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