AvalonBay Communities, Inc. (NYSE:AVB) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its position in AvalonBay Communities, Inc. (NYSE:AVB) by 17.8% in the fourth quarter, Holdings Channel reports. The fund owned 305,729 shares of the real estate investment trust’s stock after buying an additional 46,198 shares during the period. BNP Paribas Financial Markets’ holdings in AvalonBay Communities were worth $67,251,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. raised its holdings in shares of AvalonBay Communities by 29.6% in the 4th 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 in the last quarter. JPMorgan Chase & Co. raised its stake in AvalonBay Communities by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 4,060,497 shares of the real estate investment trust’s stock valued at $914,627,000 after buying an additional 55,588 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in AvalonBay Communities by 1.4% during the 4th quarter. Hsbc Holdings PLC now owns 604,010 shares of the real estate investment trust’s stock worth $132,751,000 after buying an additional 8,439 shares during the last quarter. West Oak Capital LLC lifted its holdings in AvalonBay Communities by 875.3% during the 4th quarter. West Oak Capital LLC now owns 15,800 shares of the real estate investment trust’s stock worth $356,000 after buying an additional 14,180 shares during the last quarter. Finally, Portfolio Design Labs LLC increased its holdings in shares of AvalonBay Communities by 27.0% in the 4th 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 last quarter. Hedge funds and other institutional investors own 92.61% of the company’s stock.

AvalonBay Communities Stock Performance

Shares of AVB stock opened at $207.97 on Wednesday. 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 stock has a 50 day simple moving average of $208.19 and a 200-day simple moving average of $217.91. The company has a market cap of $29.61 billion, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 3.11 and a beta of 0.86. AvalonBay Communities, Inc. has a 12-month low of $180.40 and a 12-month high of $239.29.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.03. The firm had revenue of $693.43 million during the quarter, compared to analysts’ expectations of $744.61 million. AvalonBay Communities had a return on equity of 9.15% and a net margin of 37.13%. During the same quarter in the prior year, the business posted $2.70 earnings per share. On average, equities analysts forecast that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

Analyst Upgrades and Downgrades

AVB has been the subject of several recent analyst reports. Barclays boosted their target price on AvalonBay Communities from $226.00 to $227.00 and gave the stock an “equal weight” rating in a research note on Friday, April 11th. Royal Bank of Canada boosted their price objective 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. BMO Capital Markets downgraded shares of AvalonBay Communities from an “outperform” rating to a “market perform” rating and set a $220.00 price objective for the company. in a research note on Friday, April 4th. Truist Financial increased their price target on shares of AvalonBay Communities from $229.00 to $230.00 and gave the stock a “hold” rating in a research note on Monday, March 10th. Finally, Piper Sandler decreased their target price on shares of AvalonBay Communities from $265.00 to $255.00 and set an “overweight” rating for the company in a research note on Monday. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $238.57.

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.