AvalonBay Communities, Inc. $AVB Stock Holdings Increased by Forsta AP Fonden

Forsta AP Fonden grew its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 14.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 90,300 shares of the real estate investment trust’s stock after acquiring an additional 11,700 shares during the quarter. Forsta AP Fonden owned about 0.06% of AvalonBay Communities worth $16,372,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of AVB. BOKF NA acquired a new position in shares of AvalonBay Communities during the third quarter valued at $31,000. AlphaQuest LLC bought 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 AvalonBay Communities in the second quarter worth about $36,000. Elyxium Wealth LLC bought a new position in AvalonBay Communities in the 4th quarter valued at about $32,000. Finally, Fulcrum Asset Management LLP bought a new position in AvalonBay Communities in the 3rd quarter valued at about $37,000. Institutional investors own 92.61% of the company’s stock.

AvalonBay Communities Price Performance

Shares of AvalonBay Communities stock opened at $182.68 on Friday. AvalonBay Communities, Inc. has a 52 week low of $160.10 and a 52 week high of $209.86. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.80. The stock has a market cap of $25.41 billion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 3.17 and a beta of 0.79. The company’s 50-day moving average price is $175.35 and its two-hundred day moving average price is $177.10.

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

Analysts Set New Price Targets

A number of analysts have commented on AVB shares. Citigroup dropped their price target on shares of AvalonBay Communities from $212.00 to $198.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. Barclays decreased their price objective on shares of AvalonBay Communities from $206.00 to $203.00 and set an “overweight” rating for the company in a report on Monday, May 11th. Wall Street Zen upgraded shares of AvalonBay Communities from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Piper Sandler boosted their target price on AvalonBay Communities from $183.00 to $195.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Cantor Fitzgerald upped their target price on AvalonBay Communities from $186.00 to $190.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $197.73.

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.