Point72 Asset Management L.P. Increases Stock Holdings in AvalonBay Communities, Inc. (NYSE:AVB)

Point72 Asset Management L.P. boosted its position in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 125.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 103,006 shares of the real estate investment trust's stock after purchasing an additional 57,263 shares during the period. Point72 Asset Management L.P. owned about 0.07% of AvalonBay Communities worth $22,658,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. ProShare Advisors LLC boosted its position in AvalonBay Communities by 6.6% in the fourth quarter. ProShare Advisors LLC now owns 33,033 shares of the real estate investment trust's stock worth $7,266,000 after purchasing an additional 2,034 shares during the last quarter. Quantinno Capital Management LP lifted its position in shares of AvalonBay Communities by 27.3% during the 4th quarter. Quantinno Capital Management LP now owns 23,932 shares of the real estate investment trust's stock valued at $5,264,000 after buying an additional 5,125 shares in the last quarter. Mufg Securities Americas Inc. purchased a new position in shares of AvalonBay Communities during the 4th quarter valued at about $461,000. Nissay Asset Management Corp Japan ADV lifted its position in shares of AvalonBay Communities by 2.1% during the 4th 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 buying an additional 761 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new position in shares of AvalonBay Communities during the 4th quarter valued at about $4,656,000. 92.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AVB has been the topic of a number of analyst reports. Evercore ISI lifted their price objective on AvalonBay Communities from $230.00 to $240.00 and gave the company an "in-line" rating in a research report on Monday, February 10th. Barclays lifted their price objective on AvalonBay Communities from $227.00 to $240.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Piper Sandler lowered their price objective on AvalonBay Communities from $265.00 to $255.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Morgan Stanley lifted their price objective on AvalonBay Communities from $226.00 to $228.00 and gave the company an "equal weight" rating in a research report on Thursday. Finally, BMO Capital Markets cut AvalonBay Communities from an "outperform" rating to a "market perform" rating and set a $220.00 price objective on the stock. in a research report on Friday, April 4th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, AvalonBay Communities presently has a consensus rating of "Hold" and a consensus target price of $239.93.

AvalonBay Communities Stock Performance

NYSE AVB opened at $208.31 on Friday. The company has a market cap of $29.66 billion, a P/E ratio of 27.45, a P/E/G ratio of 3.11 and a beta of 0.86. 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 business's 50 day moving average price is $205.73 and its 200-day moving average price is $216.79. AvalonBay Communities, Inc. has a fifty-two week low of $180.40 and a fifty-two week high of $239.29.

AvalonBay Communities (NYSE:AVB - Get Free Report) last released its earnings results on Wednesday, April 30th. The real estate investment trust reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.03. The firm had revenue of $693.43 million for the quarter, compared to the consensus estimate 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 previous year, the company posted $2.70 EPS. Sell-side analysts predict that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

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.

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