Inceptionr LLC Takes Position in AvalonBay Communities, Inc. $AVB

Inceptionr LLC bought a new position in shares of AvalonBay Communities, Inc. (NYSE:AVBFree Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,375 shares of the real estate investment trust’s stock, valued at approximately $2,185,000. AvalonBay Communities makes up about 0.5% of Inceptionr LLC’s holdings, making the stock its 6th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Reflection Asset Management acquired a new stake in shares of AvalonBay Communities during the 4th quarter valued at $25,000. Clearstead Trust LLC grew its holdings in shares of AvalonBay Communities by 56.0% in the 1st quarter. Clearstead Trust LLC now owns 156 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 56 shares during the last quarter. Zions Bancorporation National Association UT raised its position in shares of AvalonBay Communities by 300.0% during the fourth quarter. Zions Bancorporation National Association UT now owns 160 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 120 shares during the period. BOKF NA purchased a new stake in shares of AvalonBay Communities during the third quarter valued at $31,000. Finally, Elyxium Wealth LLC purchased a new stake in shares of AvalonBay Communities during the fourth quarter valued at $32,000. Institutional investors and hedge funds own 92.61% of the company’s stock.

AvalonBay Communities Trading Up 0.4%

Shares of NYSE AVB opened at $190.98 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.80. AvalonBay Communities, Inc. has a one year low of $160.10 and a one year high of $203.29. The business has a 50-day moving average price of $187.32 and a two-hundred day moving average price of $179.36. The firm has a market capitalization of $27.13 billion, a PE ratio of 27.68, a PEG ratio of 3.31 and a beta of 0.77.

AvalonBay Communities (NYSE:AVBGet Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.12). The company had revenue of $777.77 million during the quarter, compared to analysts’ expectations of $772.37 million. AvalonBay Communities had a return on equity of 8.64% and a net margin of 33.33%.During the same period last year, the company earned $2.82 earnings per share. 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 announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $1.78 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $7.12 dividend on an annualized basis and a yield of 3.7%. AvalonBay Communities’s dividend payout ratio is presently 103.19%.

Analyst Ratings Changes

AVB has been the topic of a number of analyst reports. Morgan Stanley reissued an “equal weight” rating and issued a $203.00 price target (down from $208.00) on shares of AvalonBay Communities in a research note on Thursday, March 26th. Royal Bank Of Canada upped their price objective on shares of AvalonBay Communities from $180.00 to $188.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 29th. UBS Group decreased their target price on shares of AvalonBay Communities from $191.00 to $189.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Weiss Ratings reissued a “hold (c)” rating on shares of AvalonBay Communities in a research report on Monday, July 6th. Finally, Piper Sandler boosted their price target on shares of AvalonBay Communities from $195.00 to $210.00 and gave the company a “neutral” rating in a report on Tuesday. Three investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $196.80.

View Our Latest Stock Report on AvalonBay Communities

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About AvalonBay Communities

(Free Report)

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.

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Institutional Ownership by Quarter for AvalonBay Communities (NYSE:AVB)

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