GRS Advisors LLC Sells 6,403 Shares of AvalonBay Communities, Inc. (NYSE:AVB)

GRS Advisors LLC lowered its position in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,231 shares of the real estate investment trust's stock after selling 6,403 shares during the period. AvalonBay Communities makes up about 1.9% of GRS Advisors LLC's investment portfolio, making the stock its 24th biggest position. GRS Advisors LLC owned approximately 0.06% of AvalonBay Communities worth $19,188,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Norges Bank bought a new stake in shares of AvalonBay Communities in the 4th quarter worth approximately $1,499,050,000. Price T Rowe Associates Inc. MD boosted its position in AvalonBay Communities by 35.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,152,183 shares of the real estate investment trust's stock valued at $1,133,328,000 after buying an additional 1,336,698 shares during the last quarter. Northern Trust Corp raised its position in shares of AvalonBay Communities by 54.8% in the 4th quarter. Northern Trust Corp now owns 2,642,743 shares of the real estate investment trust's stock valued at $581,324,000 after acquiring an additional 935,770 shares during the period. Wellington Management Group LLP boosted its position in shares of AvalonBay Communities by 49.9% during 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 purchasing an additional 828,009 shares in the last quarter. Finally, Cohen & Steers Inc. grew its stake in 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 valued at $688,527,000 after acquiring an additional 639,402 shares during the period. Institutional investors and hedge funds own 92.61% of the company's stock.

AvalonBay Communities Trading Down 1.8%

AvalonBay Communities stock traded down $3.69 during trading on Tuesday, reaching $204.90. The company had a trading volume of 41,691 shares, compared to its average volume of 696,549. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a market capitalization of $29.17 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 3.11 and a beta of 0.86. The stock's 50 day moving average price is $206.67 and its two-hundred day moving average price is $217.28. AvalonBay Communities, Inc. has a 12-month low of $180.40 and a 12-month high of $239.29.

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 earnings per share (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 analysts' expectations of $744.61 million. AvalonBay Communities had a return on equity of 9.15% and a net margin of 37.13%. During the same quarter in the prior year, the business posted $2.70 earnings per share. As a group, equities analysts expect that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on AVB shares. Barclays upped their price target on shares of AvalonBay Communities from $227.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Friday. Piper Sandler cut 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 note on Monday, May 5th. Scotiabank raised their target price on AvalonBay Communities from $241.00 to $251.00 and gave the company a "sector perform" rating in a report on Monday. Evercore ISI lifted their price objective on shares of AvalonBay Communities from $230.00 to $240.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. Finally, BMO Capital Markets lowered AvalonBay Communities from an "outperform" rating to a "market perform" rating and set a $220.00 price target for the company. in a report on Friday, April 4th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $239.57.

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.