Quantinno Capital Management LP Grows Position in AvalonBay Communities, Inc. (NYSE:AVB)

Quantinno Capital Management LP lifted its position in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 27.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,932 shares of the real estate investment trust's stock after purchasing an additional 5,125 shares during the period. Quantinno Capital Management LP's holdings in AvalonBay Communities were worth $5,264,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Stratos Wealth Partners LTD. raised its holdings in AvalonBay Communities by 29.6% in the 4th quarter. Stratos Wealth Partners LTD. now owns 1,260 shares of the real estate investment trust's stock worth $277,000 after purchasing an additional 288 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in AvalonBay Communities by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 4,060,497 shares of the real estate investment trust's stock worth $914,627,000 after acquiring an additional 55,588 shares in the last quarter. Hsbc Holdings PLC grew its position in AvalonBay Communities by 1.4% during the 4th quarter. Hsbc Holdings PLC now owns 604,010 shares of the real estate investment trust's stock valued at $132,751,000 after purchasing an additional 8,439 shares during the last quarter. Portfolio Design Labs LLC grew its holdings in shares of AvalonBay Communities by 27.0% during the fourth quarter. Portfolio Design Labs LLC now owns 22,356 shares of the real estate investment trust's stock valued at $4,918,000 after buying an additional 4,747 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in AvalonBay Communities by 14.1% during the 4th quarter. Sei Investments Co. now owns 344,139 shares of the real estate investment trust's stock valued at $75,701,000 after purchasing an additional 42,416 shares during the last quarter. 92.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on AVB. Piper Sandler dropped their price objective 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. Zelman & Associates upgraded shares of AvalonBay Communities from a "neutral" rating to an "outperform" rating in a research note on Thursday, February 13th. Scotiabank increased their price objective on shares of AvalonBay Communities from $241.00 to $251.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. BMO Capital Markets cut AvalonBay Communities from an "outperform" rating to a "market perform" rating and set a $220.00 price target on the stock. in a report on Friday, April 4th. Finally, Truist Financial lifted their price objective on AvalonBay Communities from $229.00 to $230.00 and gave the stock a "hold" rating in a report on Monday, March 10th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $239.93.

AvalonBay Communities Price Performance

AVB traded down $6.73 on Wednesday, hitting $201.86. 625,489 shares of the company's stock traded hands, compared to its average volume of 705,765. The company's 50 day simple moving average is $205.73 and its 200-day simple moving average is $216.57. 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 one year low of $180.40 and a one year high of $239.29. The firm has a market cap of $28.74 billion, a price-to-earnings ratio of 26.59, a P/E/G 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. 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 analysts' expectations of $744.61 million. During the same quarter last year, the business posted $2.70 earnings per share. As a group, research analysts anticipate that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 3.47%. AvalonBay Communities's payout ratio is currently 87.17%.

About AvalonBay Communities

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.