AvalonBay Communities, Inc. $AVB Shares Sold by Aew Capital Management L P

Aew Capital Management L P decreased its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 18.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 557,322 shares of the real estate investment trust’s stock after selling 127,576 shares during the quarter. AvalonBay Communities comprises 7.3% of Aew Capital Management L P’s holdings, making the stock its 4th largest holding. Aew Capital Management L P owned approximately 0.39% of AvalonBay Communities worth $101,048,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AVB. BOKF NA acquired a new stake in shares of AvalonBay Communities during the third quarter valued at about $31,000. AlphaQuest LLC acquired a new stake in shares of AvalonBay Communities during the third quarter valued at about $33,000. Headlands Technologies LLC acquired a new stake in shares of AvalonBay Communities during the second quarter valued at about $36,000. Elyxium Wealth LLC acquired a new stake in shares of AvalonBay Communities during the fourth quarter valued at about $32,000. Finally, Fulcrum Asset Management LLP acquired a new stake in shares of AvalonBay Communities during the third quarter valued at about $37,000. Institutional investors and hedge funds own 92.61% of the company’s stock.

AvalonBay Communities Trading Up 0.7%

Shares of AVB stock opened at $186.45 on Thursday. AvalonBay Communities, Inc. has a fifty-two week low of $160.10 and a fifty-two week high of $209.86. The stock has a market capitalization of $25.94 billion, a P/E ratio of 27.02, a price-to-earnings-growth ratio of 3.22 and a beta of 0.79. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.62 and a current ratio of 0.62. The company has a 50 day moving average price of $173.29 and a 200 day moving average price of $176.67.

AvalonBay Communities (NYSE:AVB) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.33 EPS for the quarter, missing the consensus estimate of $2.80 by ($0.47). AvalonBay Communities had a return on equity of 9.56% and a net margin of 37.21%.The company had revenue of $770.28 million for the quarter, compared to analyst estimates of $768.80 million. During the same period in the previous year, the firm earned $2.83 earnings per share. Equities research analysts predict that AvalonBay Communities, Inc. will post 11.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AVB. Barclays dropped their price objective on AvalonBay Communities from $206.00 to $203.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Piper Sandler dropped their price objective on AvalonBay Communities from $190.00 to $183.00 and set a “neutral” rating for the company in a research note on Monday, February 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AvalonBay Communities in a research note on Wednesday, April 8th. UBS Group dropped their price objective on AvalonBay Communities from $191.00 to $189.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. Finally, Cantor Fitzgerald lifted their price objective on AvalonBay Communities from $186.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Four analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $196.93.

AvalonBay Communities 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.