AvalonBay Communities, Inc. (NYSE:AVB) Shares Purchased by Voloridge Investment Management LLC

Voloridge Investment Management LLC boosted its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 6.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,926 shares of the real estate investment trust's stock after buying an additional 13,286 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.16% of AvalonBay Communities worth $49,697,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Signaturefd LLC increased its position in AvalonBay Communities by 4.0% during the 4th 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 period. Private Advisor Group LLC increased its position 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 valued at $553,000 after purchasing an additional 63 shares during the period. Oregon Public Employees Retirement Fund increased its position in AvalonBay Communities by 0.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,179 shares of the real estate investment trust's stock valued at $2,679,000 after purchasing an additional 69 shares during the period. Greenleaf Trust increased its position in AvalonBay Communities by 2.4% during the 4th quarter. Greenleaf Trust now owns 3,028 shares of the real estate investment trust's stock valued at $666,000 after purchasing an additional 70 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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. Institutional investors own 92.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AVB shares. Barclays raised their target price on shares of AvalonBay Communities from $227.00 to $240.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Evercore ISI raised their target price on shares of AvalonBay Communities from $230.00 to $240.00 and gave the company an "in-line" rating in a research report on Monday, February 10th. BMO Capital Markets downgraded shares of AvalonBay Communities from an "outperform" rating to a "market perform" rating and set a $220.00 target price on the stock. in a research report on Friday, April 4th. Truist Financial lifted their price objective on shares of AvalonBay Communities from $229.00 to $230.00 and gave the stock a "hold" rating in a research report on Monday, March 10th. Finally, Scotiabank lifted their price objective 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. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, AvalonBay Communities currently has a consensus rating of "Hold" and an average price target of $237.86.

AvalonBay Communities Stock Performance

NYSE:AVB traded down $1.74 during trading hours on Friday, hitting $198.13. 882,094 shares of the company were exchanged, compared to its average volume of 709,784. The stock has a market capitalization of $28.21 billion, a price-to-earnings ratio of 26.10, a PEG ratio of 3.11 and a beta of 0.86. AvalonBay Communities, Inc. has a 52-week low of $180.40 and a 52-week 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 company's 50 day moving average price is $205.10 and its 200-day moving average price is $216.15.

AvalonBay Communities (NYSE:AVB - Get Free Report) last released its earnings results on Wednesday, April 30th. The real estate investment trust reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.03. The company had revenue of $693.43 million for the quarter, compared to the consensus estimate 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 firm earned $2.70 EPS. As a group, research analysts forecast that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

AvalonBay Communities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 3.53%. The ex-dividend date is Monday, June 30th. AvalonBay Communities's dividend payout ratio is presently 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.