AvalonBay Communities, Inc. (NYSE:AVB) Shares Bought by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH raised its stake in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 153.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,294 shares of the real estate investment trust's stock after buying an additional 3,813 shares during the period. Siemens Fonds Invest GmbH's holdings in AvalonBay Communities were worth $1,384,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AVB. Ancora Advisors LLC raised its holdings in AvalonBay Communities by 1,666.7% during the fourth quarter. Ancora Advisors LLC now owns 159 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 150 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of AvalonBay Communities during the 4th quarter worth about $36,000. Crowley Wealth Management Inc. purchased a new stake in shares of AvalonBay Communities during the fourth quarter worth about $44,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of AvalonBay Communities in the fourth quarter valued at approximately $53,000. Finally, CoreCap Advisors LLC lifted its stake in shares of AvalonBay Communities by 58.9% during the fourth quarter. CoreCap Advisors LLC now owns 251 shares of the real estate investment trust's stock valued at $55,000 after buying an additional 93 shares during the period. 92.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AVB has been the topic of a number of recent analyst reports. Barclays increased their price target on AvalonBay Communities from $227.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Truist Financial raised their target price on shares of AvalonBay Communities from $229.00 to $230.00 and gave the stock a "hold" rating in a research report on Monday, March 10th. Zelman & Associates upgraded shares of AvalonBay Communities from a "neutral" rating to an "outperform" rating in a report on Thursday, February 13th. Royal Bank of Canada cut 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, May 8th. Finally, BMO Capital Markets lowered AvalonBay Communities from an "outperform" rating to a "market perform" rating and set a $220.00 target price on the stock. in a research report on Friday, April 4th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, AvalonBay Communities currently has a consensus rating of "Hold" and a consensus target price of $239.93.

AvalonBay Communities Trading Up 1.3%

Shares of AVB opened at $208.31 on Friday. AvalonBay Communities, Inc. has a 12 month low of $180.40 and a 12 month high of $239.29. The stock's 50-day moving average is $205.73 and its two-hundred day moving average is $216.79. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a market cap of $29.66 billion, a PE ratio of 27.45, 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 EPS for the quarter, topping the consensus estimate of $2.80 by $0.03. The firm had revenue of $693.43 million for the quarter, compared to analyst estimates of $744.61 million. AvalonBay Communities had a return on equity of 9.15% and a net margin of 37.13%. During the same period in the previous year, the company posted $2.70 EPS. Equities analysts forecast that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

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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