Vert Asset Management LLC Has $14.31 Million Stock Holdings in AvalonBay Communities, Inc. (NYSE:AVB)

Vert Asset Management LLC boosted its position in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 5.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 66,660 shares of the real estate investment trust's stock after acquiring an additional 3,199 shares during the period. AvalonBay Communities comprises approximately 4.9% of Vert Asset Management LLC's holdings, making the stock its 8th biggest holding. Vert Asset Management LLC's holdings in AvalonBay Communities were worth $14,307,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Baker Tilly Wealth Management LLC raised its stake in shares of AvalonBay Communities by 1.8% in the 1st quarter. Baker Tilly Wealth Management LLC now owns 3,247 shares of the real estate investment trust's stock valued at $697,000 after acquiring an additional 58 shares during the period. Signaturefd LLC lifted its position in shares of AvalonBay Communities by 4.0% during the fourth quarter. Signaturefd LLC now owns 1,616 shares of the real estate investment trust's stock worth $356,000 after purchasing an additional 62 shares during the last quarter. Private Advisor Group LLC lifted its holdings in AvalonBay Communities by 2.6% during the 4th quarter. Private Advisor Group LLC now owns 2,512 shares of the real estate investment trust's stock worth $553,000 after buying an additional 63 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in AvalonBay Communities by 0.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,179 shares of the real estate investment trust's stock worth $2,679,000 after purchasing an additional 69 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of AvalonBay Communities by 0.3% in 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 buying an additional 72 shares during the period. 92.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on AVB. Mizuho cut their target price on AvalonBay Communities from $238.00 to $213.00 and set an "outperform" rating on the stock in a research note on Friday, May 23rd. Wall Street Zen lowered AvalonBay Communities from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Scotiabank increased their target price on shares of AvalonBay Communities from $241.00 to $251.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Piper Sandler lowered 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 report on Monday, May 5th. Finally, Morgan Stanley raised their price target on AvalonBay Communities from $226.00 to $228.00 and gave the company an "equal weight" rating in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $237.86.

AvalonBay Communities Trading Up 1.1%

AVB traded up $2.29 during mid-day trading on Thursday, hitting $208.83. The stock had a trading volume of 587,632 shares, compared to its average volume of 725,274. The firm has a market capitalization of $29.73 billion, a price-to-earnings ratio of 27.51, a price-to-earnings-growth ratio of 3.11 and a beta of 0.86. AvalonBay Communities, Inc. has a 1-year low of $180.40 and a 1-year high of $239.29. 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's fifty day simple moving average is $203.41 and its 200-day simple moving average is $213.85.

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

AvalonBay Communities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $1.75 per share. The ex-dividend date is Monday, June 30th. This represents a $7.00 annualized dividend and a yield of 3.35%. AvalonBay Communities's dividend payout ratio (DPR) is presently 87.17%.

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.