State of Wyoming Purchases 1,722 Shares of AvalonBay Communities, Inc. (NYSE:AVB)

State of Wyoming boosted its stake in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 433.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,119 shares of the real estate investment trust's stock after acquiring an additional 1,722 shares during the period. State of Wyoming's holdings in AvalonBay Communities were worth $466,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AVB. Ancora Advisors LLC boosted its holdings in shares of AvalonBay Communities by 1,666.7% during the 4th quarter. Ancora Advisors LLC now owns 159 shares of the real estate investment trust's stock worth $35,000 after buying an additional 150 shares in the last quarter. Whipplewood Advisors LLC bought a new position in shares of AvalonBay Communities during the 4th quarter worth approximately $36,000. Crowley Wealth Management Inc. bought a new position in shares of AvalonBay Communities during the 4th quarter worth approximately $44,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of AvalonBay Communities during the 4th quarter worth approximately $53,000. Finally, CoreCap Advisors LLC boosted its holdings in shares of AvalonBay Communities by 58.9% during the 4th quarter. CoreCap Advisors LLC now owns 251 shares of the real estate investment trust's stock worth $55,000 after buying an additional 93 shares in the last quarter. 92.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on AVB. Mizuho cut their price target on AvalonBay Communities from $238.00 to $213.00 and set an "outperform" rating on the stock in a report on Friday. Truist Financial increased their price target on AvalonBay Communities from $229.00 to $230.00 and gave the stock a "hold" rating in a report on Monday, March 10th. Evercore ISI increased their price target on AvalonBay Communities from $230.00 to $240.00 and gave the stock an "in-line" rating in a report on Monday, February 10th. Scotiabank upped their target price on AvalonBay Communities from $241.00 to $251.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Finally, BMO Capital Markets lowered AvalonBay Communities from an "outperform" rating to a "market perform" rating and set a $220.00 target price on the stock. in a research report on Friday, April 4th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $237.86.

AvalonBay Communities Stock Down 0.9%

NYSE AVB traded down $1.74 on Friday, reaching $198.13. The company had a trading volume of 882,094 shares, compared to its average volume of 711,072. The stock has a market capitalization of $28.21 billion, a P/E ratio of 26.10, a P/E/G ratio of 3.11 and a beta of 0.86. The company's fifty day moving average is $205.10 and its 200 day moving average is $216.08. AvalonBay Communities, Inc. has a 52-week low of $180.40 and a 52-week high of $239.29. 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 (NYSE:AVB - Get Free Report) last released its quarterly 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. The business had revenue of $693.43 million during 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 period in the prior year, the firm posted $2.70 EPS. Sell-side analysts anticipate that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders 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 yield of 3.53%. AvalonBay Communities's dividend payout ratio (DPR) is presently 87.17%.

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.