Mufg Securities Americas Inc. Takes Position in AvalonBay Communities, Inc. (NYSE:AVB)

Mufg Securities Americas Inc. bought a new stake in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,097 shares of the real estate investment trust's stock, valued at approximately $461,000.

Several other institutional investors also recently made changes to their positions in the stock. Nissay Asset Management Corp Japan ADV grew its holdings in shares of AvalonBay Communities by 2.1% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 37,454 shares of the real estate investment trust's stock valued at $8,284,000 after purchasing an additional 761 shares during the last quarter. Nomura Holdings Inc. bought a new position in AvalonBay Communities in the 4th quarter worth approximately $4,656,000. NorthRock Partners LLC bought a new position in AvalonBay Communities in the 4th quarter worth approximately $247,000. OMERS ADMINISTRATION Corp grew its holdings in AvalonBay Communities by 20.2% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 5,939 shares of the real estate investment trust's stock worth $1,306,000 after buying an additional 998 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in AvalonBay Communities by 0.3% in the 4th 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 buying an additional 72 shares in the last quarter. 92.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AVB has been the subject of a number of recent analyst reports. Royal Bank of Canada decreased their price objective on AvalonBay Communities from $223.00 to $220.00 and set a "sector perform" rating for the company in a report on Thursday, May 8th. Truist Financial increased their price objective on AvalonBay Communities from $229.00 to $230.00 and gave the stock a "hold" rating in a report on Monday, March 10th. Piper Sandler decreased their price objective on AvalonBay Communities from $265.00 to $255.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Morgan Stanley increased their price objective on AvalonBay Communities from $226.00 to $228.00 and gave the stock an "equal weight" rating in a report on Thursday. Finally, Evercore ISI increased their price objective on AvalonBay Communities from $230.00 to $240.00 and gave the stock an "in-line" rating in a report on Monday, February 10th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $239.93.

AvalonBay Communities Price Performance

NYSE AVB traded up $2.73 on Friday, reaching $208.31. 806,835 shares of the stock traded hands, compared to its average volume of 705,689. The firm's fifty day simple moving average is $205.73 and its 200 day simple moving average is $216.68. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.68. The company has a market cap of $29.66 billion, a price-to-earnings ratio of 27.45, a P/E/G ratio of 3.11 and a beta of 0.86. 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 announced its quarterly earnings data 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 return on equity of 9.15% and a net margin of 37.13%. The company had revenue of $693.43 million during the quarter, compared to the consensus estimate of $744.61 million. During the same quarter in the prior year, the firm earned $2.70 EPS. As a group, research analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

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.