Hsbc Holdings PLC Acquires 8,439 Shares of AvalonBay Communities, Inc. (NYSE:AVB)

Hsbc Holdings PLC lifted its position in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 1.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 604,010 shares of the real estate investment trust's stock after buying an additional 8,439 shares during the period. Hsbc Holdings PLC owned approximately 0.42% of AvalonBay Communities worth $132,751,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Norges Bank acquired a new position in AvalonBay Communities in the fourth quarter worth approximately $1,499,050,000. Wellington Management Group LLP raised its holdings in shares of AvalonBay Communities by 49.9% during the fourth quarter. Wellington Management Group LLP now owns 2,488,975 shares of the real estate investment trust's stock valued at $547,500,000 after acquiring an additional 828,009 shares during the period. Cohen & Steers Inc. boosted its position in AvalonBay Communities by 25.7% during the 4th quarter. Cohen & Steers Inc. now owns 3,130,108 shares of the real estate investment trust's stock worth $688,527,000 after acquiring an additional 639,402 shares during the period. Daiwa Securities Group Inc. grew its stake in AvalonBay Communities by 51.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 554,290 shares of the real estate investment trust's stock valued at $121,927,000 after acquiring an additional 188,906 shares in the last quarter. Finally, Invesco Ltd. lifted its position in AvalonBay Communities by 13.4% in the 4th quarter. Invesco Ltd. now owns 1,449,566 shares of the real estate investment trust's stock worth $318,861,000 after buying an additional 170,952 shares in the last quarter. Institutional investors own 92.61% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on AVB shares. BMO Capital Markets lowered AvalonBay Communities from an "outperform" rating to a "market perform" rating and set a $220.00 price objective for the company. in a report on Friday, April 4th. Zelman & Associates upgraded AvalonBay Communities from a "neutral" rating to an "outperform" rating in a research note on Thursday, February 13th. Truist Financial upped their target price on AvalonBay Communities from $229.00 to $230.00 and gave the stock a "hold" rating in a research report on Monday, March 10th. Morgan Stanley downgraded shares of AvalonBay Communities from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $236.00 to $223.00 in a report on Friday, January 24th. Finally, Piper Sandler cut their target price on shares of AvalonBay Communities from $270.00 to $265.00 and set an "overweight" rating for the company in a research report on Tuesday, February 11th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $237.47.

AvalonBay Communities Stock Up 0.1 %

Shares of AVB stock traded up $0.28 on Monday, hitting $206.04. 128,954 shares of the stock were exchanged, compared to its average volume of 688,763. AvalonBay Communities, Inc. has a fifty-two week low of $180.40 and a fifty-two week high of $239.29. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.68. The business has a 50-day moving average of $209.80 and a 200 day moving average of $218.59. The firm has a market capitalization of $29.33 billion, a P/E ratio of 27.12, a price-to-earnings-growth ratio of 3.11 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.80 earnings per share for the quarter, missing the consensus estimate of $2.83 by ($0.03). AvalonBay Communities had a return on equity of 9.15% and a net margin of 37.13%. Equities analysts anticipate that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $1.75 dividend. This is a boost from AvalonBay Communities's previous quarterly dividend of $1.70. This represents a $7.00 annualized dividend and a yield of 3.40%. The ex-dividend date was Monday, March 31st. AvalonBay Communities's dividend payout ratio is currently 92.23%.

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.