AvalonBay Communities, Inc. $AVB Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its holdings in AvalonBay Communities, Inc. (NYSE:AVB) by 9.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 92,728 shares of the real estate investment trust’s stock after selling 9,627 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.07% of AvalonBay Communities worth $17,912,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Metis Global Partners LLC raised its stake in shares of AvalonBay Communities by 13.8% during the 2nd quarter. Metis Global Partners LLC now owns 36,980 shares of the real estate investment trust’s stock worth $7,525,000 after buying an additional 4,473 shares during the period. Amundi grew its stake in AvalonBay Communities by 17.7% in the 2nd quarter. Amundi now owns 449,348 shares of the real estate investment trust’s stock valued at $90,768,000 after acquiring an additional 67,695 shares during the period. FORA Capital LLC increased its holdings in AvalonBay Communities by 78.7% in the 2nd quarter. FORA Capital LLC now owns 15,702 shares of the real estate investment trust’s stock worth $3,195,000 after acquiring an additional 6,916 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in AvalonBay Communities by 1.5% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 723,402 shares of the real estate investment trust’s stock worth $147,212,000 after acquiring an additional 10,929 shares during the period. Finally, American Century Companies Inc. lifted its holdings in AvalonBay Communities by 5.2% during the second quarter. American Century Companies Inc. now owns 269,301 shares of the real estate investment trust’s stock valued at $54,803,000 after purchasing an additional 13,400 shares in the last quarter. Hedge funds and other institutional investors own 92.61% of the company’s stock.

AvalonBay Communities Trading Up 2.6%

Shares of AvalonBay Communities stock opened at $184.13 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.67 and a quick ratio of 0.67. The stock’s 50 day simple moving average is $179.46 and its 200-day simple moving average is $188.63. The stock has a market cap of $26.07 billion, a P/E ratio of 22.48, a P/E/G ratio of 3.05 and a beta of 0.75. AvalonBay Communities, Inc. has a 1-year low of $166.73 and a 1-year high of $230.21.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.81 by ($0.06). The company had revenue of $766.80 million for the quarter, compared to analysts’ expectations of $766.22 million. AvalonBay Communities had a return on equity of 9.72% and a net margin of 38.78%.During the same quarter in the previous year, the business posted $2.74 EPS. Analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $1.75 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $7.00 annualized dividend and a dividend yield of 3.8%. AvalonBay Communities’s payout ratio is presently 85.47%.

Analysts Set New Price Targets

A number of research firms have recently commented on AVB. Scotiabank cut their target price on shares of AvalonBay Communities from $215.00 to $193.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 4th. Colliers Securities reiterated a “neutral” rating and issued a $195.00 price objective (down from $200.00) on shares of AvalonBay Communities in a report on Thursday, December 4th. Wells Fargo & Company reduced their target price on AvalonBay Communities from $213.00 to $193.00 and set an “overweight” rating for the company in a report on Monday, November 10th. Barclays upgraded AvalonBay Communities from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $229.00 to $216.00 in a research report on Tuesday, November 25th. Finally, Piper Sandler dropped their price target on AvalonBay Communities from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Six investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, AvalonBay Communities presently has an average rating of “Hold” and an average target price of $205.82.

AvalonBay Communities Profile

AvalonBay Communities, Inc (NYSE: AVB) is a publicly traded real estate investment trust (REIT) that owns, develops, redevelops and manages multifamily residential properties. The company focuses on professionally managed apartment communities, offering a range of rental housing options and related resident services. As a REIT, AvalonBay’s core activities center on the acquisition and development of apartment assets and the ongoing operations and leasing of those communities.

AvalonBay’s operating activities include ground-up development, strategic redevelopment of existing properties, property and asset management, and on-site leasing and resident services.