DekaBank Deutsche Girozentrale Has $21.08 Million Position in AvalonBay Communities, Inc. (NYSE:AVB)

DekaBank Deutsche Girozentrale grew its position in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 1.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 100,334 shares of the real estate investment trust's stock after buying an additional 1,790 shares during the period. DekaBank Deutsche Girozentrale owned 0.07% of AvalonBay Communities worth $21,079,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Baker Tilly Wealth Management LLC increased its stake in shares of AvalonBay Communities by 1.8% in the 1st quarter. Baker Tilly Wealth Management LLC now owns 3,247 shares of the real estate investment trust's stock valued at $697,000 after buying an additional 58 shares during the period. Golden State Equity Partners grew its stake in shares of AvalonBay Communities by 3.7% during the first quarter. Golden State Equity Partners now owns 1,661 shares of the real estate investment trust's stock worth $356,000 after purchasing an additional 60 shares during the period. Signaturefd LLC grew its stake in shares of AvalonBay Communities by 4.0% during the fourth quarter. Signaturefd LLC now owns 1,616 shares of the real estate investment trust's stock worth $356,000 after purchasing an additional 62 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in AvalonBay Communities by 0.3% in the fourth 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 last quarter. Finally, Global X Japan Co. Ltd. grew its position in shares of AvalonBay Communities by 24.9% during the 1st quarter. Global X Japan Co. Ltd. now owns 371 shares of the real estate investment trust's stock worth $80,000 after buying an additional 74 shares during the period. 92.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AVB has been the topic of several analyst reports. Mizuho cut their target price on shares of AvalonBay Communities from $238.00 to $213.00 and set an "outperform" rating on the stock in a report on Friday, May 23rd. Piper Sandler reduced their target price on AvalonBay Communities from $265.00 to $255.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Scotiabank decreased their target price on AvalonBay Communities from $251.00 to $236.00 and set a "sector perform" rating for the company in a research note on Friday, June 13th. Barclays boosted their target price 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. Finally, Royal Bank Of Canada decreased their target price on AvalonBay Communities from $223.00 to $220.00 and set a "sector perform" rating for the company in a research note on Thursday, May 8th. One 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. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $235.86.

Insider Buying and Selling at AvalonBay Communities

In other AvalonBay Communities news, EVP Edward M. Schulman sold 5,945 shares of AvalonBay Communities stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $205.67, for a total value of $1,222,708.15. Following the completion of the sale, the executive vice president owned 17,617 shares in the company, valued at $3,623,288.39. The trade was a 25.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin P. O'shea sold 6,000 shares of the business's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $207.57, for a total transaction of $1,245,420.00. Following the completion of the sale, the chief financial officer directly owned 22,782 shares of the company's stock, valued at $4,728,859.74. This represents a 20.85% decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is owned by company insiders.

AvalonBay Communities Stock Up 1.0%

AVB traded up $1.96 on Thursday, hitting $202.59. 825,067 shares of the company were exchanged, compared to its average volume of 746,371. AvalonBay Communities, Inc. has a 12 month low of $180.40 and a 12 month high of $239.29. The company has a market cap of $28.84 billion, a PE ratio of 25.23, a PEG ratio of 2.71 and a beta of 0.85. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.51 and a current ratio of 0.51. The stock's fifty day moving average is $205.08 and its 200-day moving average is $210.61.

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. The firm had revenue of $693.43 million for the quarter, compared to analyst estimates of $744.61 million. AvalonBay Communities had a return on equity of 9.65% and a net margin of 38.86%. During the same quarter in the prior year, the company earned $2.70 earnings per share. Equities research analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $1.75 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.46%. AvalonBay Communities's dividend payout ratio (DPR) is currently 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.