AvalonBay Communities, Inc. (NYSE:AVB) Shares Sold by Vinva Investment Management Ltd

Vinva Investment Management Ltd lessened its holdings in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 28.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,148 shares of the real estate investment trust's stock after selling 2,821 shares during the quarter. Vinva Investment Management Ltd's holdings in AvalonBay Communities were worth $1,571,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new position in shares of AvalonBay Communities in the third quarter worth about $26,000. Whipplewood Advisors LLC bought a new position in AvalonBay Communities in the 4th quarter worth about $36,000. Brooklyn Investment Group purchased a new position in shares of AvalonBay Communities during the third quarter worth approximately $39,000. Prospera Private Wealth LLC purchased a new position in shares of AvalonBay Communities during the third quarter worth approximately $51,000. Finally, Generali Asset Management SPA SGR purchased a new stake in shares of AvalonBay Communities in the fourth quarter valued at approximately $66,000. Hedge funds and other institutional investors own 92.61% of the company's stock.

AvalonBay Communities Stock Down 0.8 %

AvalonBay Communities stock traded down $1.75 during midday trading on Tuesday, reaching $212.61. The company's stock had a trading volume of 816,481 shares, compared to its average volume of 628,718. AvalonBay Communities, Inc. has a 52-week low of $177.40 and a 52-week high of $239.29. The stock has a market capitalization of $30.24 billion, a P/E ratio of 28.01, a PEG ratio of 3.11 and a beta of 1.00. 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 stock's 50-day simple moving average is $217.86 and its 200-day simple moving average is $222.78.

Remove Ads

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 net margin of 37.13% and a return on equity of 9.15%. On average, sell-side analysts expect that AvalonBay Communities, Inc. will post 11.48 EPS 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 issued a dividend of $1.75 per share. The ex-dividend date is Monday, March 31st. This is a positive change from AvalonBay Communities's previous quarterly dividend of $1.70. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.29%. AvalonBay Communities's payout ratio is 92.23%.

Analysts Set New Price Targets

A number of brokerages have weighed in on AVB. Zelman & Associates raised AvalonBay Communities from a "neutral" rating to an "outperform" rating in a research report on Thursday, February 13th. Piper Sandler lowered their price objective on shares of AvalonBay Communities from $270.00 to $265.00 and set an "overweight" rating for the company in a research note on Tuesday, February 11th. Mizuho upgraded shares of AvalonBay Communities from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $239.00 to $242.00 in a report on Monday, January 6th. Evercore ISI boosted their price target on shares of AvalonBay Communities from $230.00 to $240.00 and gave the company an "in-line" rating in a report on Monday, February 10th. Finally, Truist Financial increased their price objective on shares of AvalonBay Communities from $229.00 to $230.00 and gave the company a "hold" rating in a research note on Monday, March 10th. Seven investment 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 company presently has an average rating of "Moderate Buy" and a consensus target price of $238.64.

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.