AvalonBay Communities, Inc. (NYSE:AVB) Shares Bought by Deutsche Bank AG

Deutsche Bank AG raised its position in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 2.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,019,562 shares of the real estate investment trust's stock after acquiring an additional 53,927 shares during the period. Deutsche Bank AG owned approximately 1.42% of AvalonBay Communities worth $444,243,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the business. Dean Capital Management increased its holdings in shares of AvalonBay Communities by 2.2% in the fourth quarter. Dean Capital Management now owns 7,520 shares of the real estate investment trust's stock worth $1,654,000 after purchasing an additional 162 shares during the period. CoreCap Advisors LLC boosted its stake in shares of AvalonBay Communities by 58.9% in the 4th quarter. CoreCap Advisors LLC now owns 251 shares of the real estate investment trust's stock valued at $55,000 after purchasing an additional 93 shares in the last quarter. Cresset Asset Management LLC purchased a new position in AvalonBay Communities in the 4th quarter worth $229,000. Cetera Investment Advisers boosted its position in AvalonBay Communities by 0.8% during the fourth quarter. Cetera Investment Advisers now owns 17,819 shares of the real estate investment trust's stock valued at $3,920,000 after buying an additional 133 shares during the period. Finally, BROOKFIELD Corp ON purchased a new position in shares of AvalonBay Communities in the fourth quarter worth about $31,036,000. 92.61% of the stock is owned by institutional investors.

AvalonBay Communities Trading Down 1.2%

Shares of AVB stock traded down $2.40 during trading hours on Wednesday, reaching $202.30. 258,900 shares of the stock were exchanged, compared to its average volume of 754,875. AvalonBay Communities, Inc. has a 12-month low of $180.40 and a 12-month high of $239.29. The company's 50-day moving average price is $206.39 and its 200-day moving average price is $217.19. The firm has a market capitalization of $28.80 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 3.11 and a beta of 0.86. 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 quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $2.83 EPS for the quarter, beating 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 firm had revenue of $693.43 million during the quarter, compared to analyst estimates of $744.61 million. During the same quarter in the prior year, the business posted $2.70 EPS. As a group, equities analysts anticipate that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

Analyst Ratings Changes

AVB has been the subject of a number of recent analyst reports. Morgan Stanley lowered AvalonBay Communities from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $236.00 to $223.00 in a research report on Friday, January 24th. BMO Capital Markets downgraded 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 report on Friday, April 4th. Piper Sandler decreased their target price on AvalonBay Communities from $265.00 to $255.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Barclays upped their target price on shares of AvalonBay Communities from $227.00 to $240.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Finally, Evercore ISI boosted their price objective 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. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $239.57.

AvalonBay Communities Company 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.