Tower Research Capital LLC TRC Sells 6,107 Shares of AvalonBay Communities, Inc. (NYSE:AVB)

Tower Research Capital LLC TRC reduced its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 61.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,887 shares of the real estate investment trust's stock after selling 6,107 shares during the period. Tower Research Capital LLC TRC's holdings in AvalonBay Communities were worth $855,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Stratos Wealth Partners LTD. raised its holdings 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 valued at $277,000 after purchasing an additional 288 shares during the last quarter. JPMorgan Chase & Co. boosted its position in AvalonBay Communities by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 4,060,497 shares of the real estate investment trust's stock worth $914,627,000 after purchasing an additional 55,588 shares during the period. West Oak Capital LLC grew its stake in AvalonBay Communities by 875.3% in the 4th quarter. West Oak Capital LLC now owns 15,800 shares of the real estate investment trust's stock valued at $356,000 after buying an additional 14,180 shares during the last quarter. Portfolio Design Labs LLC grew its position in shares of AvalonBay Communities by 27.0% in 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 purchasing an additional 4,747 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in AvalonBay Communities by 14.1% in the 4th quarter. Sei Investments Co. now owns 344,139 shares of the real estate investment trust's stock valued at $75,701,000 after buying an additional 42,416 shares in the last quarter. Institutional investors own 92.61% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on AVB shares. Royal Bank of Canada increased their target price on shares of AvalonBay Communities from $226.00 to $229.00 and gave the stock a "sector perform" rating in a research report on Friday, February 7th. Piper Sandler lowered their target price on AvalonBay Communities from $270.00 to $265.00 and set an "overweight" rating for the company in a research note on Tuesday, February 11th. Truist Financial increased their price target on AvalonBay Communities from $229.00 to $230.00 and gave the company a "hold" rating in a research note on Monday, March 10th. Mizuho upgraded shares of AvalonBay Communities from a "neutral" rating to an "outperform" rating and upped their price target for the company from $239.00 to $242.00 in a research report on Monday, January 6th. Finally, Zelman & Associates upgraded AvalonBay Communities from a "neutral" rating to an "outperform" rating in a research report on Thursday, February 13th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $237.47.

AvalonBay Communities Stock Performance

Shares of NYSE AVB traded down $0.65 during mid-day trading on Tuesday, reaching $207.15. 714,451 shares of the company's stock were exchanged, compared to its average volume of 690,336. The firm has a 50-day moving average price of $209.61 and a two-hundred day moving average price of $218.51. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market capitalization of $29.49 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 3.11 and a beta of 0.86. AvalonBay Communities, Inc. has a 52 week low of $180.40 and a 52 week high of $239.29.

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 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%. Analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $1.75 dividend. This is an increase from AvalonBay Communities's previous quarterly dividend of $1.70. This represents a $7.00 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend was Monday, March 31st. AvalonBay Communities's dividend payout ratio (DPR) is currently 92.23%.

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.