AvalonBay Communities, Inc. $AVB Stock Position Decreased by ABN Amro Investment Solutions

ABN Amro Investment Solutions lessened its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 31.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,568 shares of the real estate investment trust’s stock after selling 7,985 shares during the period. ABN Amro Investment Solutions’ holdings in AvalonBay Communities were worth $3,394,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Mather Group LLC. purchased a new position in shares of AvalonBay Communities in the third quarter worth approximately $30,000. Clearstead Trust LLC lifted its position in shares of AvalonBay Communities by 62.0% in the 2nd quarter. Clearstead Trust LLC now owns 162 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 62 shares in the last quarter. AlphaQuest LLC acquired a new position in AvalonBay Communities in the 3rd quarter worth approximately $33,000. Headlands Technologies LLC purchased a new position in AvalonBay Communities during the 2nd quarter worth approximately $36,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in AvalonBay Communities during the 2nd quarter valued at $59,000. 92.61% of the stock is currently owned by institutional investors and hedge funds.

AvalonBay Communities Stock Up 0.5%

AVB opened at $176.11 on Monday. The company has a market capitalization of $24.94 billion, a PE ratio of 21.50, a price-to-earnings-growth ratio of 3.10 and a beta of 0.76. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.67 and a quick ratio of 0.67. AvalonBay Communities, Inc. has a fifty-two week low of $166.73 and a fifty-two week high of $230.21. The business has a 50-day moving average of $178.74 and a 200-day moving average of $183.79.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings results on Thursday, February 5th. The real estate investment trust reported $2.85 EPS for the quarter, beating the consensus estimate of $2.84 by $0.01. The business had revenue of $767.86 million during the quarter, compared to analysts’ expectations of $766.38 million. AvalonBay Communities had a return on equity of 8.78% and a net margin of 34.57%.During the same quarter in the previous year, the business posted $2.80 EPS. Equities research analysts forecast that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $1.78 per share. This is a positive change from AvalonBay Communities’s previous quarterly dividend of $1.75. The ex-dividend date is Tuesday, March 31st. This represents a $7.12 annualized dividend and a dividend yield of 4.0%. AvalonBay Communities’s dividend payout ratio (DPR) is currently 94.85%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Cantor Fitzgerald increased their target price on AvalonBay Communities from $179.00 to $186.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Truist Financial reduced their price objective on AvalonBay Communities from $205.00 to $203.00 and set a “buy” rating for the company in a research note on Tuesday, January 20th. Royal Bank Of Canada decreased their price objective on AvalonBay Communities from $191.00 to $187.00 and set a “sector perform” rating for the company in a research report on Friday, February 6th. Barclays upped their target price on AvalonBay Communities from $216.00 to $217.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Finally, UBS Group reduced their price target on shares of AvalonBay Communities from $192.00 to $191.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Five equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $200.91.

AvalonBay Communities Company Profile

AvalonBay Communities, Inc (NYSE: AVB) is a publicly traded real estate investment trust (REIT) that owns, develops, redevelops and manages multifamily residential properties. The company focuses on professionally managed apartment communities, offering a range of rental housing options and related resident services. As a REIT, AvalonBay’s core activities center on the acquisition and development of apartment assets and the ongoing operations and leasing of those communities.

AvalonBay’s operating activities include ground-up development, strategic redevelopment of existing properties, property and asset management, and on-site leasing and resident services.