Focus Partners Wealth Has $982,000 Position in AvalonBay Communities, Inc. (NYSE:AVB)

Focus Partners Wealth grew its holdings in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 96.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,463 shares of the real estate investment trust's stock after purchasing an additional 2,188 shares during the quarter. Focus Partners Wealth's holdings in AvalonBay Communities were worth $982,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Norges Bank bought a new stake in shares of AvalonBay Communities in the fourth quarter valued at about $1,499,050,000. Price T Rowe Associates Inc. MD lifted its stake in shares of AvalonBay Communities by 35.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,152,183 shares of the real estate investment trust's stock valued at $1,133,328,000 after buying an additional 1,336,698 shares during the period. Northern Trust Corp lifted its stake in shares of AvalonBay Communities by 54.8% in the fourth quarter. Northern Trust Corp now owns 2,642,743 shares of the real estate investment trust's stock valued at $581,324,000 after buying an additional 935,770 shares during the period. Wellington Management Group LLP lifted its stake in shares of AvalonBay Communities by 49.9% in the fourth quarter. Wellington Management Group LLP now owns 2,488,975 shares of the real estate investment trust's stock valued at $547,500,000 after buying an additional 828,009 shares during the period. Finally, Cohen & Steers Inc. lifted its stake in shares of AvalonBay Communities by 25.7% in the fourth quarter. Cohen & Steers Inc. now owns 3,130,108 shares of the real estate investment trust's stock valued at $688,527,000 after buying an additional 639,402 shares during the period. Institutional investors own 92.61% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Scotiabank lifted their price objective on AvalonBay Communities from $241.00 to $251.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Morgan Stanley lifted their price objective on AvalonBay Communities from $226.00 to $228.00 and gave the company an "equal weight" rating in a report on Thursday. Zelman & Associates upgraded shares of AvalonBay Communities from a "neutral" rating to an "outperform" rating in a research note on Thursday, February 13th. Evercore ISI lifted 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 note on Monday, February 10th. Finally, BMO Capital Markets cut shares of AvalonBay Communities from an "outperform" rating to a "market perform" rating and set a $220.00 target price for the company. in a research note on Friday, April 4th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, AvalonBay Communities currently has a consensus rating of "Hold" and an average price target of $239.93.

AvalonBay Communities Stock Up 1.3%

AvalonBay Communities stock opened at $208.31 on Monday. The stock has a market cap of $29.66 billion, a P/E ratio of 27.45, a P/E/G ratio of 3.11 and a beta of 0.86. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.68. AvalonBay Communities, Inc. has a twelve month low of $180.40 and a twelve month high of $239.29. The company's 50-day moving average price is $205.73 and its two-hundred day moving average price is $216.68.

AvalonBay Communities (NYSE:AVB - Get Free Report) last announced its earnings results on Wednesday, April 30th. The real estate investment trust reported $2.83 EPS 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 company had revenue of $693.43 million for the quarter, compared to analysts' expectations of $744.61 million. During the same period last year, the firm earned $2.70 earnings per share. As a group, analysts expect that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities 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.

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