AvalonBay Communities, Inc. (NYSE:AVB) Stock Position Lessened by Edgestream Partners L.P.

Edgestream Partners L.P. decreased its holdings in AvalonBay Communities, Inc. (NYSE:AVB) by 87.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,486 shares of the real estate investment trust’s stock after selling 17,532 shares during the quarter. Edgestream Partners L.P.’s holdings in AvalonBay Communities were worth $547,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Stratos Wealth Partners LTD. grew its stake in shares of AvalonBay Communities by 29.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 1,260 shares of the real estate investment trust’s stock worth $277,000 after purchasing an additional 288 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of AvalonBay Communities by 1.4% in 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 purchasing an additional 55,588 shares in the last quarter. West Oak Capital LLC grew its stake in shares of AvalonBay Communities by 875.3% in the fourth quarter. West Oak Capital LLC now owns 15,800 shares of the real estate investment trust’s stock worth $356,000 after purchasing an additional 14,180 shares in the last quarter. Portfolio Design Labs LLC boosted its stake in AvalonBay Communities by 27.0% during the fourth quarter. Portfolio Design Labs LLC now owns 22,356 shares of the real estate investment trust’s stock valued at $4,918,000 after buying an additional 4,747 shares in the last quarter. Finally, KBC Group NV grew its holdings in AvalonBay Communities by 284.8% during the third quarter. KBC Group NV now owns 146,429 shares of the real estate investment trust’s stock worth $32,983,000 after acquiring an additional 108,371 shares during the period. Institutional investors own 92.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Piper Sandler lowered their target price on AvalonBay Communities from $270.00 to $265.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. Mizuho raised AvalonBay Communities from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $239.00 to $242.00 in a report on Monday, January 6th. Royal Bank of Canada lifted their target price on AvalonBay Communities from $226.00 to $229.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. Scotiabank lowered their target price on AvalonBay Communities from $244.00 to $241.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Finally, Evercore ISI lifted their target price on AvalonBay Communities from $230.00 to $240.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, AvalonBay Communities currently has a consensus rating of “Moderate Buy” and a consensus target price of $238.64.

AvalonBay Communities Trading Down 1.4 %

Shares of AVB opened at $210.02 on Thursday. AvalonBay Communities, Inc. has a 1-year low of $177.40 and a 1-year high of $239.29. The stock has a market capitalization of $29.88 billion, a P/E ratio of 27.67, a P/E/G ratio of 3.11 and a beta of 1.00. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.68. The business’s 50-day moving average price is $218.41 and its 200 day moving average price is $223.57.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.80 EPS for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.03). AvalonBay Communities had a return on equity of 9.15% and a net margin of 37.13%. Analysts expect that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

AvalonBay Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $1.75 per share. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from AvalonBay Communities’s previous quarterly dividend of $1.70. This represents a $7.00 dividend on an annualized basis and a yield of 3.33%. AvalonBay Communities’s dividend payout ratio (DPR) is presently 92.23%.

AvalonBay Communities Company 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.