Vanguard Group Inc. Has $4.97 Billion Stock Position in AvalonBay Communities, Inc. (NYSE:AVB)

Vanguard Group Inc. lifted its position in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 0.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,575,892 shares of the real estate investment trust's stock after acquiring an additional 30,092 shares during the quarter. Vanguard Group Inc. owned approximately 15.87% of AvalonBay Communities worth $4,966,019,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Wedmont Private Capital raised its holdings in AvalonBay Communities by 5.3% during the 4th quarter. Wedmont Private Capital now owns 1,094 shares of the real estate investment trust's stock worth $231,000 after purchasing an additional 55 shares during the last quarter. Raymond James Trust N.A. raised its stake in shares of AvalonBay Communities by 3.1% during the third quarter. Raymond James Trust N.A. now owns 2,015 shares of the real estate investment trust's stock worth $454,000 after buying an additional 60 shares during the last quarter. Signaturefd LLC raised its stake in shares of AvalonBay Communities by 4.0% during the fourth quarter. Signaturefd LLC now owns 1,616 shares of the real estate investment trust's stock worth $356,000 after buying an additional 62 shares during the last quarter. Private Advisor Group LLC boosted its stake in AvalonBay Communities by 2.6% in the fourth quarter. Private Advisor Group LLC now owns 2,512 shares of the real estate investment trust's stock valued at $553,000 after acquiring an additional 63 shares during the last quarter. Finally, Concentric Wealth Management LLC grew its holdings in AvalonBay Communities by 0.3% during the 3rd quarter. Concentric Wealth Management LLC now owns 23,378 shares of the real estate investment trust's stock worth $5,266,000 after acquiring an additional 68 shares during the period. Institutional investors and hedge funds own 92.61% of the company's stock.

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AvalonBay Communities Stock Up 0.2 %

Shares of AvalonBay Communities stock traded up $0.36 during trading on Friday, reaching $213.50. The stock had a trading volume of 452,396 shares, compared to its average volume of 669,360. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $30.37 billion, a price-to-earnings ratio of 28.13, a P/E/G ratio of 3.11 and a beta of 1.00. The stock has a fifty day moving average price of $217.50 and a two-hundred day moving average price of $222.49. AvalonBay Communities, Inc. has a 52 week low of $177.40 and a 52 week high of $239.29.

AvalonBay Communities (NYSE:AVB - Get Free Report) last released its 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 net margin of 37.13% and a return on equity of 9.15%. Sell-side analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $1.75 dividend. The ex-dividend date is Monday, March 31st. This is a boost from AvalonBay Communities's previous quarterly dividend of $1.70. This represents a $7.00 annualized dividend and a dividend yield of 3.28%. AvalonBay Communities's dividend payout ratio (DPR) is currently 92.23%.

Analyst Upgrades and Downgrades

AVB has been the topic of a number of analyst reports. Morgan Stanley downgraded AvalonBay Communities from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $236.00 to $223.00 in a research note on Friday, January 24th. Truist Financial boosted their target price on AvalonBay Communities from $229.00 to $230.00 and gave the stock a "hold" rating in a research report on Monday, March 10th. Piper Sandler cut their price target on shares of AvalonBay Communities from $270.00 to $265.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 11th. Mizuho upgraded shares of AvalonBay Communities from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $239.00 to $242.00 in a report on Monday, January 6th. Finally, Royal Bank of Canada upped their target price on shares of AvalonBay Communities from $226.00 to $229.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $238.64.

About AvalonBay Communities

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.