AvalonBay Communities, Inc. (NYSE:AVB) Stock Holdings Lifted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its position in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 12.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 336,587 shares of the real estate investment trust's stock after purchasing an additional 36,732 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.24% of AvalonBay Communities worth $75,816,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AVB. Segment Wealth Management LLC grew its position in shares of AvalonBay Communities by 4.6% in the third quarter. Segment Wealth Management LLC now owns 1,025 shares of the real estate investment trust's stock valued at $231,000 after purchasing an additional 45 shares during the period. SYSTM Wealth Solutions LLC grew its holdings in AvalonBay Communities by 2.7% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 1,855 shares of the real estate investment trust's stock valued at $386,000 after buying an additional 49 shares during the period. Patrick M Sweeney & Associates Inc. increased its stake in shares of AvalonBay Communities by 4.1% during the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 1,268 shares of the real estate investment trust's stock valued at $286,000 after acquiring an additional 50 shares during the last quarter. Tectonic Advisors LLC increased its stake in shares of AvalonBay Communities by 2.7% during the 3rd quarter. Tectonic Advisors LLC now owns 1,934 shares of the real estate investment trust's stock valued at $436,000 after acquiring an additional 50 shares during the last quarter. Finally, Mather Group LLC. lifted its holdings in shares of AvalonBay Communities by 38.6% during the 3rd quarter. Mather Group LLC. now owns 201 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 56 shares during the period. 92.61% of the stock is owned by institutional investors and hedge funds.

AvalonBay Communities Stock Up 3.4 %

AVB traded up $7.33 on Tuesday, reaching $225.83. The company's stock had a trading volume of 397,904 shares, compared to its average volume of 727,955. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.03 and a quick ratio of 2.03. AvalonBay Communities, Inc. has a 1 year low of $164.76 and a 1 year high of $236.26. The business's 50 day moving average is $225.52 and its 200 day moving average is $210.20. The stock has a market cap of $32.12 billion, a price-to-earnings ratio of 36.97, a price-to-earnings-growth ratio of 3.29 and a beta of 0.97.

AvalonBay Communities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.70 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $6.80 annualized dividend and a yield of 3.01%. AvalonBay Communities's dividend payout ratio is presently 115.06%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wells Fargo & Company upped their price target on shares of AvalonBay Communities from $222.00 to $244.00 and gave the stock an "overweight" rating in a research report on Monday, August 26th. Truist Financial lifted their target price on AvalonBay Communities from $213.00 to $230.00 and gave the company a "hold" rating in a report on Tuesday, August 27th. BNP Paribas assumed coverage on AvalonBay Communities in a research note on Wednesday, September 11th. They set an "outperform" rating and a $250.00 price target for the company. JPMorgan Chase & Co. raised their price objective on AvalonBay Communities from $212.00 to $247.00 and gave the stock a "neutral" rating in a report on Monday, September 16th. Finally, Evercore ISI boosted their target price on AvalonBay Communities from $225.00 to $229.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, AvalonBay Communities presently has an average rating of "Hold" and an average price target of $225.88.

AvalonBay Communities Profile

As of December 31, 2023, the Company owned or held a direct or indirect ownership interest in 299 apartment communities containing 90,669 apartment homes in 12 states and the District of Columbia, of which 18 communities were under development. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company's expansion regions of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado.