O Shaughnessy Asset Management LLC Grows Position in AvalonBay Communities, Inc. (NYSE:AVB)

O Shaughnessy Asset Management LLC raised its position in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 31.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,998 shares of the real estate investment trust's stock after buying an additional 3,564 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in AvalonBay Communities were worth $3,299,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Whipplewood Advisors LLC acquired a new position in shares of AvalonBay Communities during the fourth quarter worth about $36,000. Crowley Wealth Management Inc. purchased a new stake in AvalonBay Communities in the 4th quarter valued at approximately $44,000. Generali Asset Management SPA SGR acquired a new position in AvalonBay Communities during the 4th quarter worth approximately $66,000. Catalyst Capital Advisors LLC raised its stake 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 buying an additional 275 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its stake in shares of AvalonBay Communities by 42.6% during the 4th quarter. Loomis Sayles & Co. L P now owns 442 shares of the real estate investment trust's stock worth $97,000 after buying an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 92.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AVB shares. Piper Sandler dropped their price objective on AvalonBay Communities from $270.00 to $265.00 and set an "overweight" rating on the stock in a report on Tuesday, February 11th. BMO Capital Markets cut shares of AvalonBay Communities from an "outperform" rating to a "market perform" rating and set a $220.00 price target on the stock. in a research note on Friday. Mizuho upgraded shares of AvalonBay Communities from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $239.00 to $242.00 in a research note on Monday, January 6th. Zelman & Associates upgraded shares of AvalonBay Communities from a "neutral" rating to an "outperform" rating in a research report on Thursday, February 13th. Finally, Royal Bank of Canada increased their target price on shares of AvalonBay Communities from $226.00 to $229.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $237.40.

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AvalonBay Communities Trading Up 2.2 %

Shares of AVB traded up $4.16 on Tuesday, hitting $192.97. 274,855 shares of the stock traded hands, compared to its average volume of 698,776. The firm has a market capitalization of $27.45 billion, a P/E ratio of 25.44, a P/E/G ratio of 3.11 and a beta of 0.86. 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, Inc. has a 1 year low of $177.40 and a 1 year high of $239.29. The stock's 50 day moving average is $216.13 and its two-hundred day moving average is $221.27.

AvalonBay Communities (NYSE:AVB - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.80 earnings per share (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%. As a group, sell-side analysts predict that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

AvalonBay Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.75 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.63%. This is an increase from AvalonBay Communities's previous quarterly dividend of $1.70. AvalonBay Communities's dividend payout ratio 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.