1,942 Shares in AvalonBay Communities, Inc. (NYSE:AVB) Bought by Bayesian Capital Management LP

Bayesian Capital Management LP purchased a new position in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,942 shares of the real estate investment trust's stock, valued at approximately $427,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in AvalonBay Communities in the third quarter valued at approximately $126,000. Franklin Resources Inc. boosted its position in AvalonBay Communities by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 212,338 shares of the real estate investment trust's stock valued at $47,056,000 after purchasing an additional 22,076 shares during the period. JPMorgan Chase & Co. boosted its position in AvalonBay Communities by 1.4% during 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 purchasing an additional 55,588 shares during the period. Nordea Investment Management AB grew its stake in AvalonBay Communities by 40.7% during the 4th quarter. Nordea Investment Management AB now owns 314,110 shares of the real estate investment trust's stock worth $69,148,000 after buying an additional 90,808 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC increased its position in AvalonBay Communities by 10.8% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 3,189 shares of the real estate investment trust's stock worth $702,000 after buying an additional 312 shares during the period. 92.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AVB shares. Evercore ISI boosted their price target on shares of AvalonBay Communities from $230.00 to $240.00 and gave the company an "in-line" rating in a report on Monday, February 10th. Morgan Stanley cut AvalonBay Communities from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $236.00 to $223.00 in a research note on Friday, January 24th. Zelman & Associates raised AvalonBay Communities from a "neutral" rating to an "outperform" rating in a report on Thursday, February 13th. Barclays upped their price target on shares of AvalonBay Communities from $227.00 to $240.00 and gave the company an "equal weight" rating in a report on Friday. Finally, Royal Bank of Canada decreased their target price on AvalonBay Communities from $223.00 to $220.00 and set a "sector perform" rating on the stock in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, AvalonBay Communities has a consensus rating of "Hold" and an average target price of $238.86.

AvalonBay Communities Stock Up 0.5 %

Shares of NYSE:AVB traded up $0.95 during trading on Friday, reaching $205.40. 522,050 shares of the company traded hands, compared to its average volume of 697,590. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.68. AvalonBay Communities, Inc. has a 1-year low of $180.40 and a 1-year high of $239.29. The firm has a fifty day simple moving average of $206.99 and a 200 day simple moving average of $217.57. The firm has a market cap of $29.24 billion, a P/E ratio of 27.06, a price-to-earnings-growth ratio of 3.11 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.03. The business had revenue of $693.43 million during 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 quarter in the previous year, the business earned $2.70 EPS. Analysts anticipate 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.