Tidal Investments LLC Raises Stock Holdings in AvalonBay Communities, Inc. (NYSE:AVB)

Tidal Investments LLC lifted its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 13.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,692 shares of the real estate investment trust's stock after buying an additional 10,040 shares during the quarter. Tidal Investments LLC owned about 0.06% of AvalonBay Communities worth $19,070,000 at the end of the most recent quarter.

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

AvalonBay Communities Price Performance

Shares of AVB stock traded down $1.99 during trading hours on Thursday, hitting $199.75. 902,767 shares of the company's stock were exchanged, compared to its average volume of 707,678. The company has a market capitalization of $28.44 billion, a PE ratio of 26.32, a PEG 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, Inc. has a 12-month low of $180.40 and a 12-month high of $239.29. The business's 50 day simple moving average is $205.57 and its 200-day simple moving average is $216.47.

AvalonBay Communities (NYSE:AVB - Get Free Report) last posted its quarterly earnings results 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. AvalonBay Communities had a net margin of 37.13% and a return on equity of 9.15%. The business had revenue of $693.43 million during the quarter, compared to analyst estimates of $744.61 million. During the same period in the prior year, the business posted $2.70 earnings per share. On average, equities research analysts anticipate that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

AvalonBay Communities Dividend Announcement

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 issued a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 3.50%. The ex-dividend date is Monday, June 30th. AvalonBay Communities's dividend payout ratio (DPR) is currently 87.17%.

Analysts Set New Price Targets

Several brokerages recently issued reports on AVB. Truist Financial lifted their target price on AvalonBay Communities from $229.00 to $230.00 and gave the company a "hold" rating in a research report on Monday, March 10th. Zelman & Associates raised AvalonBay Communities from a "neutral" rating to an "outperform" rating in a research report on Thursday, February 13th. Piper Sandler dropped their price target on AvalonBay Communities from $265.00 to $255.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Scotiabank lifted their price objective on AvalonBay Communities from $241.00 to $251.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Finally, Royal Bank of Canada dropped their price objective on shares of AvalonBay Communities from $223.00 to $220.00 and set a "sector perform" rating on the stock in a report on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $239.93.

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.