Eurizon Capital SGR S.p.A. Invests $8.26 Million in AvalonBay Communities, Inc. $AVB

Eurizon Capital SGR S.p.A. bought a new position in shares of AvalonBay Communities, Inc. (NYSE:AVB) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 45,560 shares of the real estate investment trust’s stock, valued at approximately $8,263,000.

Other institutional investors have also modified their holdings of the company. BOKF NA purchased a new stake in shares of AvalonBay Communities during the 3rd quarter worth about $31,000. AlphaQuest LLC purchased a new stake in shares of AvalonBay Communities during the 3rd quarter worth about $33,000. Headlands Technologies LLC purchased a new stake in shares of AvalonBay Communities during the 2nd quarter worth about $36,000. Elyxium Wealth LLC purchased a new stake in shares of AvalonBay Communities during the 4th quarter worth about $32,000. Finally, Fulcrum Asset Management LLP purchased a new stake in shares of AvalonBay Communities during the 3rd quarter worth about $37,000. Hedge funds and other institutional investors own 92.61% of the company’s stock.

Analysts Set New Price Targets

AVB has been the subject of a number of analyst reports. Piper Sandler upped their price target on AvalonBay Communities from $183.00 to $195.00 and gave the stock a “neutral” rating in a report on Friday. Weiss Ratings restated a “hold (c)” rating on shares of AvalonBay Communities in a report on Wednesday, April 8th. Wells Fargo & Company decreased their price target on AvalonBay Communities from $193.00 to $191.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. Wall Street Zen upgraded AvalonBay Communities from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Scotiabank decreased their price target on AvalonBay Communities from $190.00 to $187.00 and set a “sector perform” rating for the company in a report on Thursday, May 14th. Four equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $197.73.

AvalonBay Communities Stock Up 0.1%

NYSE AVB opened at $182.68 on Monday. The stock has a market cap of $25.41 billion, a PE ratio of 26.48, a P/E/G ratio of 3.17 and a beta of 0.78. AvalonBay Communities, Inc. has a fifty-two week low of $160.10 and a fifty-two week high of $209.86. The business has a 50 day moving average price of $175.35 and a two-hundred day moving average price of $177.10. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.80.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.33 earnings per share for the quarter, missing analysts’ consensus estimates of $2.80 by ($0.47). The company had revenue of $770.28 million during the quarter, compared to analysts’ expectations of $768.80 million. AvalonBay Communities had a return on equity of 9.56% and a net margin of 37.21%.During the same quarter in the prior year, the company earned $2.83 EPS. As a group, sell-side analysts predict that AvalonBay Communities, Inc. will post 11.31 EPS for the current fiscal year.

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.