Czech National Bank Grows Stock Position in AvalonBay Communities, Inc. (NYSE:AVB)

Czech National Bank lifted its stake in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 5.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,630 shares of the real estate investment trust's stock after buying an additional 1,830 shares during the quarter. Czech National Bank's holdings in AvalonBay Communities were worth $7,003,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Ancora Advisors LLC raised its stake in AvalonBay Communities by 1,666.7% during the 4th quarter. Ancora Advisors LLC now owns 159 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 150 shares during the period. Whipplewood Advisors LLC purchased a new stake in shares of AvalonBay Communities in the fourth quarter worth $36,000. Crowley Wealth Management Inc. bought a new stake in shares of AvalonBay Communities during the 4th quarter valued at $44,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of AvalonBay Communities during the 4th quarter valued at $53,000. Finally, Continuum Advisory LLC boosted its holdings in AvalonBay Communities by 12,200.0% in the 4th quarter. Continuum Advisory LLC now owns 246 shares of the real estate investment trust's stock worth $54,000 after buying an additional 244 shares during the period. 92.61% of the stock is owned by hedge funds and other institutional investors.

AvalonBay Communities Price Performance

AVB traded up $0.95 during trading hours on Wednesday, hitting $204.91. The company's stock had a trading volume of 943,313 shares, compared to its average volume of 716,980. The stock has a market cap of $29.17 billion, a price-to-earnings ratio of 27.00, a P/E/G ratio of 3.11 and a beta of 0.86. The business's 50-day moving average price is $203.89 and its 200-day moving average price is $214.77. 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.

AvalonBay Communities (NYSE:AVB - Get Free Report) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported $2.83 earnings per share for the quarter, topping analysts' consensus estimates of $2.80 by $0.03. The firm 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 period in the previous year, the firm posted $2.70 EPS. Sell-side analysts expect that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid 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 3.42%. AvalonBay Communities's payout ratio is currently 87.17%.

Analysts Set New Price Targets

AVB has been the subject of a number of analyst reports. Scotiabank increased their price target on AvalonBay Communities from $241.00 to $251.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Piper Sandler cut their target price on AvalonBay Communities from $265.00 to $255.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. BMO Capital Markets downgraded AvalonBay Communities from an "outperform" rating to a "market perform" rating and set a $220.00 target price on the stock. in a research note on Friday, April 4th. Truist Financial upped their price target on AvalonBay Communities from $229.00 to $230.00 and gave the stock a "hold" rating in a research note on Monday, March 10th. Finally, Morgan Stanley lifted their price objective on shares of 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 research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, AvalonBay Communities has a consensus rating of "Hold" and an average target price of $237.86.

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.