AvalonBay Communities, Inc. (NYSE:AVB) Stock Position Raised by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 3,071.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 24,199 shares of the real estate investment trust's stock after purchasing an additional 23,436 shares during the period. SG Americas Securities LLC's holdings in AvalonBay Communities were worth $5,194,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Baker Tilly Wealth Management LLC lifted its position in shares of AvalonBay Communities by 1.8% during the 1st quarter. Baker Tilly Wealth Management LLC now owns 3,247 shares of the real estate investment trust's stock worth $697,000 after purchasing an additional 58 shares during the last quarter. Signaturefd LLC raised its holdings in shares of AvalonBay Communities by 4.0% in the fourth quarter. Signaturefd LLC now owns 1,616 shares of the real estate investment trust's stock valued at $356,000 after buying an additional 62 shares during the last quarter. Private Advisor Group LLC raised its holdings in AvalonBay Communities by 2.6% during the fourth quarter. Private Advisor Group LLC now owns 2,512 shares of the real estate investment trust's stock worth $553,000 after purchasing an additional 63 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in AvalonBay Communities by 0.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,179 shares of the real estate investment trust's stock worth $2,679,000 after purchasing an additional 69 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in AvalonBay Communities by 0.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,953 shares of the real estate investment trust's stock worth $5,929,000 after purchasing an additional 72 shares in the last quarter. Institutional investors and hedge funds own 92.61% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Truist Financial upped their target price on shares of AvalonBay Communities from $229.00 to $230.00 and gave the stock a "hold" rating in a research report on Monday, March 10th. Morgan Stanley upped their target price on shares of AvalonBay Communities from $226.00 to $228.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 15th. Piper Sandler lowered their target price on shares of AvalonBay Communities from $265.00 to $255.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Wall Street Zen lowered shares of AvalonBay Communities from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. Finally, Mizuho lowered their price target on shares of AvalonBay Communities from $238.00 to $213.00 and set an "outperform" rating on the stock in a research report on Friday, May 23rd. 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. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $236.79.

AvalonBay Communities Trading Down 1.4%

Shares of AVB traded down $2.84 during mid-day trading on Friday, reaching $205.99. The company had a trading volume of 664,873 shares, compared to its average volume of 726,831. The stock has a market cap of $29.33 billion, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 3.11 and a beta of 0.86. The firm has a fifty day simple moving average of $204.19 and a 200-day simple moving average of $213.49. AvalonBay Communities, Inc. has a fifty-two week low of $180.40 and a fifty-two week high of $239.29. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.68.

AvalonBay Communities (NYSE:AVB - Get Free Report) last issued its earnings results on Wednesday, April 30th. The real estate investment trust reported $2.83 EPS for the quarter, beating analysts' consensus estimates of $2.80 by $0.03. AvalonBay Communities had a net margin of 37.13% and a return on equity of 9.15%. The business had revenue of $693.43 million for the quarter, compared to the consensus estimate of $744.61 million. During the same quarter last year, the firm posted $2.70 EPS. On average, sell-side analysts anticipate that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Dividend Announcement

The company 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 dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 3.40%. The ex-dividend date is Monday, June 30th. AvalonBay Communities's dividend payout ratio (DPR) 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.