Integrated Advisors Network LLC Invests $2.28 Million in AvalonBay Communities, Inc. (NYSE:AVB)

Integrated Advisors Network LLC acquired a new stake in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,619 shares of the real estate investment trust's stock, valued at approximately $2,279,000.

A number of other large investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its holdings in AvalonBay Communities by 3,071.6% in the first quarter. SG Americas Securities LLC now owns 24,199 shares of the real estate investment trust's stock valued at $5,194,000 after acquiring an additional 23,436 shares during the last quarter. Pallas Capital Advisors LLC lifted its holdings in AvalonBay Communities by 5.5% in the first quarter. Pallas Capital Advisors LLC now owns 17,829 shares of the real estate investment trust's stock valued at $3,826,000 after acquiring an additional 933 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in AvalonBay Communities by 14.2% in the first quarter. Farther Finance Advisors LLC now owns 1,148 shares of the real estate investment trust's stock valued at $246,000 after acquiring an additional 143 shares during the last quarter. Vert Asset Management LLC lifted its stake in AvalonBay Communities by 5.0% during the first quarter. Vert Asset Management LLC now owns 66,660 shares of the real estate investment trust's stock worth $14,307,000 after purchasing an additional 3,199 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its stake in AvalonBay Communities by 20.1% during the first quarter. Park Avenue Securities LLC now owns 3,039 shares of the real estate investment trust's stock worth $652,000 after purchasing an additional 508 shares in the last quarter. 92.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AVB shares. BMO Capital Markets cut AvalonBay Communities from an "outperform" rating to a "market perform" rating and set a $220.00 price target on the stock. in a research note on Friday, April 4th. Barclays upped their price target on AvalonBay Communities from $227.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Morgan Stanley upped their price target 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. Piper Sandler decreased their price target on AvalonBay Communities from $265.00 to $255.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Finally, Scotiabank decreased their price target on AvalonBay Communities from $251.00 to $236.00 and set a "sector perform" rating on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, AvalonBay Communities currently has an average rating of "Hold" and a consensus target price of $236.79.

AvalonBay Communities Stock Performance

Shares of AVB stock traded down $2.84 during mid-day trading on Friday, hitting $205.99. 664,873 shares of the stock were exchanged, compared to its average volume of 728,103. The stock's fifty day simple moving average is $204.19 and its two-hundred day simple moving average is $213.32. The stock has a market capitalization of $29.33 billion, a price-to-earnings ratio of 27.14, a P/E/G ratio of 3.11 and a beta of 0.86. AvalonBay Communities, Inc. has a 12-month low of $180.40 and a 12-month high of $239.29. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.64 and a current ratio of 1.64.

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 (EPS) 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 analyst estimates of $744.61 million. AvalonBay Communities had a return on equity of 9.15% and a net margin of 37.13%. During the same quarter last year, the company posted $2.70 earnings per share. On average, analysts forecast that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Monday, June 30th. AvalonBay Communities's payout ratio is 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.