AvalonBay Communities, Inc. (NYSE:AVB) Shares Sold by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. reduced its position in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 37.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,794 shares of the real estate investment trust's stock after selling 109,140 shares during the period. Alyeska Investment Group L.P. owned 0.13% of AvalonBay Communities worth $39,769,000 at the end of the most recent quarter.

Other hedge funds and 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% during the 4th quarter. Stratos Wealth Partners LTD. now owns 1,260 shares of the real estate investment trust's stock worth $277,000 after acquiring an additional 288 shares in the last quarter. JPMorgan Chase & Co. raised its stake in AvalonBay Communities by 1.4% during 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 purchasing an additional 55,588 shares in the last quarter. Hsbc Holdings PLC lifted its position in AvalonBay Communities by 1.4% during the fourth quarter. Hsbc Holdings PLC now owns 604,010 shares of the real estate investment trust's stock valued at $132,751,000 after purchasing an additional 8,439 shares during the last quarter. West Oak Capital LLC grew its stake in shares of AvalonBay Communities by 875.3% in 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 in 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 worth $4,918,000 after buying an additional 4,747 shares during the last quarter. 92.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on AVB. BMO Capital Markets cut AvalonBay Communities from an "outperform" rating to a "market perform" rating and set a $220.00 price objective on the stock. in a research note on Friday, April 4th. Piper Sandler cut their price objective on shares of AvalonBay Communities from $265.00 to $255.00 and set an "overweight" rating on the stock in a research report on Monday. Evercore ISI boosted their target price on AvalonBay Communities from $230.00 to $240.00 and gave the company an "in-line" rating in a research report on Monday, February 10th. Royal Bank of Canada reduced their price target on shares of AvalonBay Communities from $223.00 to $220.00 and set a "sector perform" rating on the stock in a research note on Thursday. Finally, Zelman & Associates upgraded shares of AvalonBay Communities from a "neutral" rating to an "outperform" rating in a research note on Thursday, February 13th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $238.86.

AvalonBay Communities Stock Up 0.8 %

Shares of AVB stock traded up $1.55 during mid-day trading on Friday, hitting $206.00. 249,411 shares of the stock traded hands, compared to its average volume of 695,248. The stock's fifty day moving average is $207.35 and its two-hundred day moving average is $217.71. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.64 and a quick ratio of 1.64. AvalonBay Communities, Inc. has a 52-week low of $180.40 and a 52-week high of $239.29. The stock has a market cap of $29.33 billion, a P/E ratio of 27.14, a P/E/G ratio of 3.11 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB - Get Free Report) last released its quarterly earnings results 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 business had revenue of $693.43 million for the quarter, compared to analyst estimates of $744.61 million. AvalonBay Communities had a net margin of 37.13% and a return on equity of 9.15%. During the same period in the previous year, the company earned $2.70 earnings per share. Equities analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

About AvalonBay Communities

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.