Robeco Institutional Asset Management B.V. Has $71.73 Million Position in AvalonBay Communities, Inc. (NYSE:AVB)

Robeco Institutional Asset Management B.V. trimmed its position in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 1.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 334,212 shares of the real estate investment trust's stock after selling 4,584 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.23% of AvalonBay Communities worth $71,729,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AVB. Norges Bank acquired a new stake in AvalonBay Communities during the fourth quarter worth about $1,499,050,000. Price T Rowe Associates Inc. MD lifted its holdings 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 worth $1,133,328,000 after acquiring an additional 1,336,698 shares during the last quarter. Northern Trust Corp lifted its holdings 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 worth $581,324,000 after acquiring an additional 935,770 shares during the last quarter. Wellington Management Group LLP lifted its holdings 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 worth $547,500,000 after acquiring an additional 828,009 shares during the last quarter. Finally, Cohen & Steers Inc. lifted its holdings 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 worth $688,527,000 after acquiring an additional 639,402 shares during the last quarter. 92.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AvalonBay Communities

In other news, CFO Kevin P. O'shea sold 6,000 shares of the firm's stock in a transaction that occurred on 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 owned 22,782 shares of the company's stock, valued at $4,728,859.74. This trade represents a 20.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Edward M. Schulman sold 5,945 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $205.67, for a total transaction of $1,222,708.15. Following the sale, the executive vice president directly owned 17,617 shares of the company's stock, valued at approximately $3,623,288.39. This trade represents a 25.23% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company's stock.

AvalonBay Communities Trading Down 0.5%

NYSE:AVB traded down $0.92 on Monday, reaching $203.46. 1,316,972 shares of the stock traded hands, compared to its average volume of 741,909. The firm has a market capitalization of $28.97 billion, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 2.78 and a beta of 0.86. AvalonBay Communities, Inc. has a 1-year low of $180.40 and a 1-year high of $239.29. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.70. The company's 50 day moving average is $205.74 and its 200-day moving average is $211.42.

AvalonBay Communities (NYSE:AVB - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $693.43 million during the quarter, compared to the consensus estimate of $744.61 million. AvalonBay Communities had a net margin of 38.86% and a return on equity of 9.65%. During the same quarter last year, the firm posted $2.70 EPS. Equities research analysts anticipate that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend is Monday, June 30th. AvalonBay Communities's dividend payout ratio (DPR) is 87.17%.

Analyst Ratings Changes

A number of research firms have recently commented on AVB. Truist Financial increased their target price on shares of AvalonBay Communities from $229.00 to $230.00 and gave the stock a "hold" rating in a report on Monday, March 10th. BMO Capital Markets lowered shares of AvalonBay Communities from an "outperform" rating to a "market perform" rating and set a $220.00 price objective for the company. in a report on Friday, April 4th. Scotiabank dropped their price objective on shares of AvalonBay Communities from $251.00 to $236.00 and set a "sector perform" rating for the company in a report on Friday, June 13th. Royal Bank Of Canada dropped their price objective on shares of AvalonBay Communities from $223.00 to $220.00 and set a "sector perform" rating for the company in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of AvalonBay Communities from $251.00 to $249.00 and set an "overweight" rating for the company in a report on Tuesday, June 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $235.86.

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.