AvalonBay Communities, Inc. (NYSE:AVB) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group lowered its position in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 398,366 shares of the real estate investment trust's stock after selling 17,083 shares during the quarter. Schroder Investment Management Group owned approximately 0.28% of AvalonBay Communities worth $86,880,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. boosted its position in shares of AvalonBay Communities by 29.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 1,260 shares of the real estate investment trust's stock worth $277,000 after acquiring an additional 288 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of AvalonBay Communities by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,060,497 shares of the real estate investment trust's stock worth $914,627,000 after buying an additional 55,588 shares during the last quarter. West Oak Capital LLC boosted its holdings in AvalonBay Communities by 875.3% in the fourth quarter. West Oak Capital LLC now owns 15,800 shares of the real estate investment trust's stock valued at $356,000 after acquiring an additional 14,180 shares during the last quarter. Portfolio Design Labs LLC grew its position in AvalonBay Communities by 27.0% during the fourth quarter. Portfolio Design Labs LLC now owns 22,356 shares of the real estate investment trust's stock valued at $4,918,000 after acquiring an additional 4,747 shares during the period. Finally, Savant Capital LLC increased its stake in AvalonBay Communities by 8.7% during the fourth quarter. Savant Capital LLC now owns 1,264 shares of the real estate investment trust's stock worth $278,000 after acquiring an additional 101 shares during the last quarter. 92.61% of the stock is owned by institutional investors and hedge funds.

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AvalonBay Communities Stock Performance

NYSE AVB traded down $14.17 during trading hours on Friday, reaching $191.69. The company's stock had a trading volume of 1,707,872 shares, compared to its average volume of 678,366. The stock has a market cap of $27.27 billion, a PE ratio of 25.26, a PEG ratio of 3.11 and a beta of 0.86. The business has a 50-day simple moving average of $216.75 and a 200 day simple moving average of $221.69. AvalonBay Communities, Inc. has a 52 week low of $177.40 and a 52 week high of $239.29. 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 (NYSE:AVB - Get Free Report) last released its quarterly earnings data 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%. Equities research analysts predict that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $1.75 dividend. The ex-dividend date is Monday, March 31st. This is an increase from AvalonBay Communities's previous quarterly dividend of $1.70. This represents a $7.00 annualized dividend and a yield of 3.65%. AvalonBay Communities's dividend payout ratio (DPR) is currently 92.23%.

Analyst Ratings Changes

AVB has been the subject of a number of research analyst reports. BMO Capital Markets downgraded shares of AvalonBay Communities from an "outperform" rating to a "market perform" rating and set a $220.00 target price for the company. in a research report on Friday. Zelman & Associates raised shares of AvalonBay Communities from a "neutral" rating to an "outperform" rating in a research report on Thursday, February 13th. Barclays reduced their target price on shares of AvalonBay Communities from $230.00 to $226.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 19th. Royal Bank of Canada increased their price target on AvalonBay Communities from $226.00 to $229.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. Finally, Piper Sandler reduced their price objective on AvalonBay Communities from $270.00 to $265.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 11th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, AvalonBay Communities presently has a consensus rating of "Moderate Buy" and an average target price of $237.40.

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.