2,097 Shares in AvalonBay Communities, Inc. (NYSE:AVB) Acquired by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. bought a new position in AvalonBay Communities, Inc. (NYSE:AVB) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,097 shares of the real estate investment trust’s stock, valued at approximately $461,000.

Several other institutional investors also recently bought and sold shares of the business. Ancora Advisors LLC lifted its holdings in shares of AvalonBay Communities by 1,666.7% during the 4th quarter. Ancora Advisors LLC now owns 159 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 150 shares during the period. Whipplewood Advisors LLC purchased a new position in AvalonBay Communities during the fourth quarter worth approximately $36,000. Crowley Wealth Management Inc. acquired a new position in shares of AvalonBay Communities in the 4th quarter valued at $44,000. CoreCap Advisors LLC grew its stake in shares of AvalonBay Communities by 58.9% during the 4th quarter. CoreCap Advisors LLC now owns 251 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 93 shares during the period. Finally, Generali Asset Management SPA SGR acquired a new stake in shares of AvalonBay Communities during the 4th quarter worth $66,000. 92.61% of the stock is currently owned by institutional investors and hedge funds.

AvalonBay Communities Trading Up 1.9%

AvalonBay Communities stock opened at $205.52 on Friday. AvalonBay Communities, Inc. has a 12 month low of $180.40 and a 12 month high of $239.29. The stock has a market cap of $29.26 billion, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 3.11 and a beta of 0.86. The business has a 50 day moving average price of $205.83 and a two-hundred day moving average price of $216.92. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.68.

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 for the quarter, beating analysts’ consensus estimates of $2.80 by $0.03. The company had revenue of $693.43 million for the quarter, compared to the consensus estimate of $744.61 million. AvalonBay Communities had a return on equity of 9.15% and a net margin of 37.13%. During the same period in the previous year, the business earned $2.70 earnings per share. As a group, equities analysts forecast that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AVB shares. Piper Sandler reduced their price objective on AvalonBay Communities from $265.00 to $255.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. Zelman & Associates upgraded shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating in a report on Thursday, February 13th. Royal Bank of Canada decreased their price objective on shares of AvalonBay Communities from $223.00 to $220.00 and set a “sector perform” rating for the company in a research note on Thursday, May 8th. Barclays increased their price objective on shares of AvalonBay Communities from $227.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, May 9th. Finally, BMO Capital Markets lowered shares of AvalonBay Communities from an “outperform” rating to a “market perform” rating and set a $220.00 target price on the stock. in a report on Friday, April 4th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $239.93.

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.