AvalonBay Communities, Inc. $AVB Stock Holdings Lessened by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lessened its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 38.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 5,540 shares of the real estate investment trust’s stock after selling 3,428 shares during the period. Y Intercept Hong Kong Ltd’s holdings in AvalonBay Communities were worth $905,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AVB. Northwestern Mutual Wealth Management Co. raised its position in shares of AvalonBay Communities by 1.8% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,358 shares of the real estate investment trust’s stock worth $649,000 after purchasing an additional 60 shares during the period. Keybank National Association OH boosted its position in shares of AvalonBay Communities by 2.6% in the 4th quarter. Keybank National Association OH now owns 2,458 shares of the real estate investment trust’s stock valued at $446,000 after purchasing an additional 62 shares during the period. Phoenix Financial Ltd. boosted its position in shares of AvalonBay Communities by 5.7% in the 4th quarter. Phoenix Financial Ltd. now owns 1,713 shares of the real estate investment trust’s stock valued at $311,000 after purchasing an additional 92 shares during the period. New Mexico Educational Retirement Board increased its stake in AvalonBay Communities by 1.6% in the 4th quarter. New Mexico Educational Retirement Board now owns 6,527 shares of the real estate investment trust’s stock worth $1,183,000 after purchasing an additional 100 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in AvalonBay Communities by 0.3% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 29,971 shares of the real estate investment trust’s stock worth $5,434,000 after purchasing an additional 100 shares in the last quarter. 92.61% of the stock is owned by institutional investors.

AvalonBay Communities Trading Up 0.0%

Shares of NYSE AVB opened at $191.88 on Monday. AvalonBay Communities, Inc. has a one year low of $160.10 and a one year high of $205.00. The firm has a market capitalization of $26.69 billion, a PE ratio of 27.81, a PEG ratio of 3.34 and a beta of 0.77. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.80. The business has a 50-day moving average price of $186.13 and a two-hundred day moving average price of $178.76.

AvalonBay Communities (NYSE:AVB) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.33 earnings per share for the quarter, missing the consensus estimate of $2.80 by ($0.47). The business had revenue of $770.28 million for the quarter, compared to analysts’ expectations of $768.80 million. AvalonBay Communities had a net margin of 37.21% and a return on equity of 9.56%. During the same period last year, the firm earned $2.83 EPS. As a group, analysts predict that AvalonBay Communities, Inc. will post 11.28 earnings per share for the current fiscal year.

AvalonBay Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $1.78 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $7.12 dividend on an annualized basis and a yield of 3.7%. AvalonBay Communities’s payout ratio is presently 103.19%.

Analyst Upgrades and Downgrades

A number of research firms have commented on AVB. Truist Financial upped their price objective on shares of AvalonBay Communities from $201.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Piper Sandler raised their target price on shares of AvalonBay Communities from $183.00 to $195.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Weiss Ratings reissued a “hold (c)” rating on shares of AvalonBay Communities in a research report on Monday, July 6th. Scotiabank boosted their price target on shares of AvalonBay Communities from $187.00 to $195.00 and gave the company a “sector perform” rating in a report on Thursday. Finally, Morgan Stanley restated an “equal weight” rating and issued a $203.00 price target (down from $208.00) on shares of AvalonBay Communities in a research report on Thursday, March 26th. Four equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $195.67.

AvalonBay Communities Company 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.