California State Teachers Retirement System Raises Stock Holdings in AvalonBay Communities, Inc. (NYSE:AVB)

California State Teachers Retirement System grew its position in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 8.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 232,103 shares of the real estate investment trust's stock after buying an additional 18,381 shares during the quarter. California State Teachers Retirement System owned 0.16% of AvalonBay Communities worth $51,056,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC grew its position in AvalonBay Communities by 4.0% in the 4th quarter. Signaturefd LLC now owns 1,616 shares of the real estate investment trust's stock valued at $356,000 after acquiring an additional 62 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of AvalonBay Communities by 2.6% in the fourth 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 grew its holdings in shares of AvalonBay Communities by 0.6% in the fourth 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 in the last quarter. Greenleaf Trust grew its holdings in shares of AvalonBay Communities by 2.4% in the fourth 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 in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 worth $5,929,000 after buying an additional 72 shares during the period. Hedge funds and other institutional investors own 92.61% of the company's stock.

Analyst Ratings Changes

AVB has been the subject of several recent research reports. Wall Street Zen cut shares of AvalonBay Communities from a "hold" rating to a "sell" rating in a research report on Saturday. Truist Financial lifted their target price on AvalonBay Communities from $229.00 to $230.00 and gave the company a "hold" rating in a report on Monday, March 10th. Morgan Stanley boosted their target price on AvalonBay Communities from $226.00 to $228.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 15th. Royal Bank of Canada reduced their price target on AvalonBay Communities from $223.00 to $220.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 8th. Finally, Barclays lifted their price objective on AvalonBay Communities from $227.00 to $240.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $237.86.

AvalonBay Communities Stock Up 0.3%

AVB traded up $0.52 on Friday, reaching $206.54. The company's stock had a trading volume of 2,083,709 shares, compared to its average volume of 715,940. The company has a market capitalization of $29.40 billion, a price-to-earnings ratio of 27.21, a P/E/G ratio of 3.11 and a beta of 0.86. AvalonBay Communities, Inc. has a fifty-two week low of $180.40 and a fifty-two week high of $239.29. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.68. The stock has a 50 day moving average of $204.21 and a two-hundred day moving average of $215.00.

AvalonBay Communities (NYSE:AVB - Get Free Report) last issued its quarterly earnings data 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. 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 the consensus estimate of $744.61 million. During the same quarter in the previous year, the firm earned $2.70 EPS. As a group, 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 $1.75 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $7.00 dividend on an annualized basis and a yield of 3.39%. 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.