AvalonBay Communities, Inc. (NYSE:AVB) Stock Holdings Lessened by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 1.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund 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 0.23% of AvalonBay Communities worth $71,729,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hsbc Holdings PLC grew its stake in shares of AvalonBay Communities by 1.4% during the 4th quarter. Hsbc Holdings PLC now owns 604,010 shares of the real estate investment trust's stock valued at $132,751,000 after buying an additional 8,439 shares during the period. Sei Investments Co. boosted its holdings in AvalonBay Communities by 14.1% in the fourth quarter. Sei Investments Co. now owns 344,139 shares of the real estate investment trust's stock valued at $75,701,000 after acquiring an additional 42,416 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in AvalonBay Communities by 466.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,088 shares of the real estate investment trust's stock valued at $239,000 after acquiring an additional 896 shares during the last quarter. Commonwealth Equity Services LLC grew its position in AvalonBay Communities by 7.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 20,783 shares of the real estate investment trust's stock valued at $4,572,000 after acquiring an additional 1,441 shares during the period. Finally, Vert Asset Management LLC increased 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 acquiring an additional 3,199 shares during the last quarter. Institutional investors and hedge funds own 92.61% of the company's stock.

Insider Activity at AvalonBay Communities

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

Wall Street Analysts Forecast Growth

AVB has been the topic of several research analyst reports. Truist Financial lifted their price objective on AvalonBay Communities from $229.00 to $230.00 and gave the company a "hold" rating in a research note on Monday, March 10th. Scotiabank cut their price target on shares of AvalonBay Communities from $251.00 to $236.00 and set a "sector perform" rating on the stock in a report on Friday, June 13th. Royal Bank Of Canada reduced their price target on shares of AvalonBay Communities from $223.00 to $220.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 8th. Piper Sandler dropped their price objective on shares of AvalonBay Communities from $265.00 to $255.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Finally, Wall Street Zen raised shares of AvalonBay Communities from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $235.86.

AvalonBay Communities Stock Up 0.1%

AVB stock traded up $0.23 during trading on Friday, reaching $204.36. The stock had a trading volume of 1,483,556 shares, compared to its average volume of 740,831. 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 firm has a fifty day moving average price of $205.68 and a 200 day moving average price of $211.94. The company has a market capitalization of $29.09 billion, a P/E ratio of 25.45, a PEG ratio of 2.74 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.

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

AvalonBay Communities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $1.75 dividend. 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 3.43%. AvalonBay Communities's dividend payout ratio (DPR) is presently 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.