AvalonBay Communities, Inc. (NYSE:AVB) Shares Bought by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP raised its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 66.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,911 shares of the real estate investment trust's stock after acquiring an additional 31,239 shares during the period. Hudson Bay Capital Management LP owned approximately 0.05% of AvalonBay Communities worth $17,138,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Stratos Wealth Partners LTD. boosted its holdings in AvalonBay Communities by 29.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 1,260 shares of the real estate investment trust's stock valued at $277,000 after purchasing an additional 288 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of AvalonBay Communities by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,060,497 shares of the real estate investment trust's stock valued at $914,627,000 after buying an additional 55,588 shares during the period. Hsbc Holdings PLC boosted its stake in shares of AvalonBay Communities by 1.4% in the fourth quarter. Hsbc Holdings PLC now owns 604,010 shares of the real estate investment trust's stock worth $132,751,000 after buying an additional 8,439 shares during the last quarter. Portfolio Design Labs LLC grew its holdings in AvalonBay Communities by 27.0% during the fourth quarter. Portfolio Design Labs LLC now owns 22,356 shares of the real estate investment trust's stock worth $4,918,000 after acquiring an additional 4,747 shares during the period. Finally, Sei Investments Co. raised its position in AvalonBay Communities by 14.1% during the fourth quarter. Sei Investments Co. now owns 344,139 shares of the real estate investment trust's stock valued at $75,701,000 after acquiring an additional 42,416 shares in the last quarter. 92.61% of the stock is owned by hedge funds and other institutional investors.

AvalonBay Communities Stock Performance

NYSE:AVB opened at $205.40 on Friday. The company has a market cap of $29.24 billion, a P/E ratio of 27.06, a P/E/G ratio of 3.11 and a beta of 0.86. AvalonBay Communities, Inc. has a twelve month low of $180.40 and a twelve month high of $239.29. The company's 50-day moving average price is $206.99 and its 200-day moving average price is $217.49. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.68.

AvalonBay Communities (NYSE:AVB - Get Free Report) last issued its earnings results on Wednesday, April 30th. The real estate investment trust reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.03. AvalonBay Communities had a return on equity of 9.15% and a net margin of 37.13%. The business had revenue of $693.43 million for the quarter, compared to analysts' expectations of $744.61 million. During the same period in the previous year, the firm posted $2.70 EPS. On average, sell-side analysts forecast that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. BMO Capital Markets cut shares of 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. Zelman & Associates raised shares of AvalonBay Communities from a "neutral" rating to an "outperform" rating in a report on Thursday, February 13th. Evercore ISI raised 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. Barclays lifted their price target on AvalonBay Communities from $227.00 to $240.00 and gave the company an "equal weight" rating in a research note on Friday. Finally, Truist Financial raised their price objective on AvalonBay Communities from $229.00 to $230.00 and gave the company a "hold" rating in a report on Monday, March 10th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $238.86.

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.

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