Achmea Investment Management B.V. Has $4.95 Million Stake in AvalonBay Communities, Inc. (NYSE:AVB)

Achmea Investment Management B.V. raised its position in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 33.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,068 shares of the real estate investment trust's stock after purchasing an additional 5,791 shares during the period. Achmea Investment Management B.V.'s holdings in AvalonBay Communities were worth $4,951,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Baker Tilly Wealth Management LLC raised its holdings in AvalonBay Communities by 1.8% in the first quarter. Baker Tilly Wealth Management LLC now owns 3,247 shares of the real estate investment trust's stock valued at $697,000 after buying an additional 58 shares during the period. Golden State Equity Partners lifted its holdings in AvalonBay Communities by 3.7% during the 1st quarter. Golden State Equity Partners now owns 1,661 shares of the real estate investment trust's stock worth $356,000 after buying an additional 60 shares during the last quarter. Signaturefd LLC increased its stake in AvalonBay Communities by 4.0% during the fourth quarter. Signaturefd LLC now owns 1,616 shares of the real estate investment trust's stock valued at $356,000 after purchasing an additional 62 shares during the last quarter. Private Advisor Group LLC raised its stake in AvalonBay Communities by 2.6% during the fourth quarter. Private Advisor Group LLC now owns 2,512 shares of the real estate investment trust's stock worth $553,000 after acquiring an additional 63 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in AvalonBay Communities by 0.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,953 shares of the real estate investment trust's stock valued at $5,929,000 after purchasing an additional 72 shares during the period. 92.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on AVB shares. Scotiabank reduced their price target on AvalonBay Communities from $251.00 to $236.00 and set a "sector perform" rating for the company in a research report on Friday, June 13th. Royal Bank Of Canada reduced their price objective on shares of AvalonBay Communities from $223.00 to $220.00 and set a "sector perform" rating for the company in a research report on Thursday, May 8th. Mizuho reduced their target price on AvalonBay Communities from $238.00 to $213.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. Piper Sandler cut their target price on shares of AvalonBay Communities from $265.00 to $255.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Finally, Truist Financial boosted their price objective on shares of AvalonBay Communities from $229.00 to $230.00 and gave the company a "hold" rating in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, AvalonBay Communities presently has a consensus rating of "Hold" and an average price target of $235.86.

AvalonBay Communities Stock Performance

NYSE:AVB traded down $1.70 during trading hours on Wednesday, hitting $201.58. 505,741 shares of the company traded hands, compared to its average volume of 742,789. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.70. AvalonBay Communities, Inc. has a twelve month low of $180.40 and a twelve month high of $239.29. The firm has a 50-day moving average of $205.67 and a 200 day moving average of $211.37. The stock has a market capitalization of $28.70 billion, a price-to-earnings ratio of 25.13, a P/E/G ratio of 2.77 and a beta of 0.85.

AvalonBay Communities (NYSE:AVB - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $2.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.80 by $0.03. AvalonBay Communities had a net margin of 38.86% and a return on equity of 9.65%. The company had revenue of $693.43 million during the quarter, compared to analysts' expectations of $744.61 million. During the same quarter in the prior year, the company posted $2.70 EPS. On average, analysts forecast that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Monday, June 30th. AvalonBay Communities's dividend payout ratio (DPR) is currently 87.17%.

Insider Transactions at AvalonBay Communities

In related news, EVP Edward M. Schulman sold 5,945 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $205.67, for a total value of $1,222,708.15. Following the transaction, the executive vice president owned 17,617 shares in the company, valued at $3,623,288.39. This trade represents a 25.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin P. O'shea sold 6,000 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $207.57, for a total value of $1,245,420.00. Following the completion of the transaction, the chief financial officer owned 22,782 shares in the company, valued at $4,728,859.74. This represents a 20.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.48% of the company's stock.

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.