Tudor Investment Corp ET AL Invests $5.30 Million in AvalonBay Communities, Inc. (NYSE:AVB)

Tudor Investment Corp ET AL purchased a new stake in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 24,090 shares of the real estate investment trust's stock, valued at approximately $5,299,000.

Several other institutional investors also recently bought and sold shares of AVB. Norges Bank purchased a new stake in AvalonBay Communities during the 4th quarter valued at about $1,499,050,000. Price T Rowe Associates Inc. MD grew its position in shares of AvalonBay Communities by 35.0% in the fourth 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 purchasing an additional 1,336,698 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of AvalonBay Communities by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 4,590,539 shares of the real estate investment trust's stock valued at $1,009,781,000 after purchasing an additional 27,629 shares during the last quarter. JPMorgan Chase & Co. lifted its position in AvalonBay Communities by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 4,060,497 shares of the real estate investment trust's stock worth $914,627,000 after buying an additional 55,588 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in AvalonBay Communities by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 3,693,457 shares of the real estate investment trust's stock worth $810,470,000 after buying an additional 107,655 shares during the last quarter. 92.61% of the stock is currently owned by institutional investors and hedge funds.

AvalonBay Communities Stock Up 1.5 %

AVB traded up $3.20 during trading hours on Friday, hitting $212.20. 780,184 shares of the company's stock were exchanged, compared to its average volume of 693,265. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.68. AvalonBay Communities, Inc. has a 12-month low of $180.40 and a 12-month high of $239.29. The firm has a market cap of $30.21 billion, a P/E ratio of 27.96, a price-to-earnings-growth ratio of 3.11 and a beta of 0.86. The firm has a 50 day moving average of $208.72 and a 200 day moving average of $218.15.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.03. AvalonBay Communities had a return on equity of 9.15% and a net margin of 37.13%. The business had revenue of $693.43 million for the quarter, compared to analysts' expectations of $744.61 million. During the same period last year, the firm earned $2.70 earnings per share. Analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $1.75 dividend. This is a boost from AvalonBay Communities's previous quarterly dividend of $1.70. The ex-dividend date of this dividend was Monday, March 31st. This represents a $7.00 annualized dividend and a yield of 3.30%. AvalonBay Communities's dividend payout ratio (DPR) is 92.23%.

Wall Street Analysts Forecast Growth

AVB has been the topic of several analyst reports. Zelman & Associates upgraded AvalonBay Communities from a "neutral" rating to an "outperform" rating in a report on Thursday, February 13th. Royal Bank of Canada boosted their target price on shares of AvalonBay Communities from $226.00 to $229.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. Evercore ISI raised their price target on shares of AvalonBay Communities from $230.00 to $240.00 and gave the stock an "in-line" rating in a report on Monday, February 10th. 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 report on Friday, April 4th. Finally, Piper Sandler cut their target price on AvalonBay Communities from $270.00 to $265.00 and set an "overweight" rating for the company in a research note on Tuesday, February 11th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, AvalonBay Communities has an average rating of "Hold" and a consensus target price of $239.29.

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.