UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 3.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,772,998 shares of the real estate investment trust's stock after buying an additional 57,948 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.25% of AvalonBay Communities worth $390,006,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in AVB. Ancora Advisors LLC lifted its stake in shares of AvalonBay Communities by 1,666.7% during the fourth 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 during the period. Whipplewood Advisors LLC acquired a new stake in shares of AvalonBay Communities during the fourth quarter worth $36,000. Crowley Wealth Management Inc. acquired a new stake in shares of AvalonBay Communities during the fourth quarter worth $44,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of AvalonBay Communities during the fourth quarter worth $53,000. Finally, CoreCap Advisors LLC lifted its stake in shares of AvalonBay Communities by 58.9% during the fourth 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 during the period. 92.61% of the stock is currently owned by institutional investors and hedge funds.
AvalonBay Communities Stock Performance
AVB traded down $1.74 on Friday, reaching $198.13. The stock had a trading volume of 882,094 shares, compared to its average volume of 709,784. AvalonBay Communities, Inc. has a 12-month low of $180.40 and a 12-month 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. The business's 50-day moving average price is $205.10 and its two-hundred day moving average price is $216.15. The company has a market cap of $28.21 billion, a P/E ratio of 26.10, a price-to-earnings-growth ratio of 3.11 and a beta of 0.86.
AvalonBay Communities (NYSE:AVB - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $2.83 earnings per share 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 company had revenue of $693.43 million during the quarter, compared to analysts' expectations of $744.61 million. During the same quarter in the previous year, the company earned $2.70 earnings per share. Sell-side analysts forecast that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.
AvalonBay Communities Dividend Announcement
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 $1.75 dividend. The ex-dividend date is Monday, June 30th. This represents a $7.00 dividend on an annualized basis and a yield of 3.53%. AvalonBay Communities's payout ratio is 87.17%.
Analyst Ratings Changes
Several equities research analysts have recently commented on AVB shares. Zelman & Associates upgraded shares of AvalonBay Communities from a "neutral" rating to an "outperform" rating in a research note on Thursday, February 13th. Morgan Stanley lifted their price objective on shares of AvalonBay Communities from $226.00 to $228.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 15th. Royal Bank of Canada decreased their target price on shares of AvalonBay Communities from $223.00 to $220.00 and set a "sector perform" rating for the company in a research report on Thursday, May 8th. Mizuho decreased their target price on shares of AvalonBay Communities from $238.00 to $213.00 and set an "outperform" rating for the company in a research report on Friday. Finally, Truist Financial boosted their target price on shares of AvalonBay Communities from $229.00 to $230.00 and gave the company a "hold" rating in a research report on Monday, March 10th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, AvalonBay Communities currently has a consensus rating of "Hold" and a consensus price target of $237.86.
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About AvalonBay Communities
(
Free Report)
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.
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