Natixis Advisors LLC Boosts Holdings in AvalonBay Communities, Inc. (NYSE:AVB)

Natixis Advisors LLC grew its position in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 13.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,376 shares of the real estate investment trust's stock after buying an additional 8,672 shares during the period. Natixis Advisors LLC owned 0.05% of AvalonBay Communities worth $16,360,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new position in AvalonBay Communities in the third quarter valued at about $26,000. Whipplewood Advisors LLC purchased a new stake in shares of AvalonBay Communities in the 4th quarter valued at approximately $36,000. Brooklyn Investment Group acquired a new position in shares of AvalonBay Communities in the 3rd quarter worth approximately $39,000. Prospera Private Wealth LLC purchased a new position in shares of AvalonBay Communities during the 3rd quarter worth approximately $51,000. Finally, Catalyst Capital Advisors LLC boosted its position in shares of AvalonBay Communities by 312.5% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust's stock worth $80,000 after purchasing an additional 275 shares during the period. Institutional investors and hedge funds own 92.61% of the company's stock.

AvalonBay Communities Stock Down 0.9 %

AVB stock traded down $2.01 during midday trading on Friday, reaching $209.49. 1,486,933 shares of the company were exchanged, compared to its average volume of 628,951. The stock's 50-day simple moving average is $217.90 and its 200 day simple moving average is $222.93. AvalonBay Communities, Inc. has a 1-year low of $177.40 and a 1-year high of $239.29. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.64 and a current ratio of 1.64. The company has a market cap of $29.80 billion, a price-to-earnings ratio of 27.60, a price-to-earnings-growth ratio of 3.11 and a beta of 1.00.

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AvalonBay Communities (NYSE:AVB - Get Free Report) last announced its quarterly 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 return on equity of 9.15% and a net margin of 37.13%. On average, equities analysts forecast 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. Investors of record on Monday, March 31st will be paid a dividend of $1.75 per share. The ex-dividend date is Monday, March 31st. This represents a $7.00 dividend on an annualized basis and a yield of 3.34%. This is a boost from AvalonBay Communities's previous quarterly dividend of $1.70. AvalonBay Communities's dividend payout ratio is currently 92.23%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on AVB shares. Truist Financial upped their price target on AvalonBay Communities from $229.00 to $230.00 and gave the stock a "hold" rating in a research note on Monday, March 10th. Barclays decreased 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. Morgan Stanley downgraded AvalonBay Communities from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $236.00 to $223.00 in a research report on Friday, January 24th. Zelman & Associates raised shares of AvalonBay Communities from a "neutral" rating to an "outperform" rating in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. raised AvalonBay Communities from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $247.00 to $262.00 in a research note on Tuesday, December 17th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, AvalonBay Communities has an average rating of "Moderate Buy" and a consensus target price of $238.64.

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.