AvalonBay Communities, Inc. (NYSE:AVB) Shares Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd lifted its stake in AvalonBay Communities, Inc. (NYSE:AVBFree Report) by 15.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,717 shares of the real estate investment trust’s stock after purchasing an additional 622 shares during the period. Vinva Investment Management Ltd’s holdings in AvalonBay Communities were worth $894,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. First Affirmative Financial Network raised its holdings in AvalonBay Communities by 4.8% in the fourth quarter. First Affirmative Financial Network now owns 1,494 shares of the real estate investment trust’s stock valued at $280,000 after acquiring an additional 69 shares in the last quarter. Wealth Alliance raised its stake in AvalonBay Communities by 5.8% in the fourth quarter. Wealth Alliance now owns 1,595 shares of the real estate investment trust’s stock valued at $299,000 after buying an additional 88 shares in the last quarter. Axxcess Wealth Management LLC boosted its position in shares of AvalonBay Communities by 4.2% during the 4th quarter. Axxcess Wealth Management LLC now owns 2,252 shares of the real estate investment trust’s stock worth $422,000 after acquiring an additional 91 shares in the last quarter. Toroso Investments LLC increased its holdings in shares of AvalonBay Communities by 0.4% in the 3rd quarter. Toroso Investments LLC now owns 26,102 shares of the real estate investment trust’s stock valued at $4,483,000 after acquiring an additional 97 shares during the last quarter. Finally, Stonegate Investment Group LLC lifted its stake in AvalonBay Communities by 4.1% during the fourth quarter. Stonegate Investment Group LLC now owns 2,498 shares of the real estate investment trust’s stock worth $468,000 after purchasing an additional 98 shares during the last quarter. Hedge funds and other institutional investors own 92.61% of the company’s stock.

AvalonBay Communities Price Performance

Shares of AVB stock traded down $1.06 during mid-day trading on Friday, reaching $197.21. The stock had a trading volume of 557,513 shares, compared to its average volume of 544,372. AvalonBay Communities, Inc. has a 12-month low of $160.45 and a 12-month high of $200.71. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68. The business has a 50-day simple moving average of $190.82 and a 200 day simple moving average of $183.84. The company has a market cap of $28.04 billion, a P/E ratio of 29.35, a price-to-earnings-growth ratio of 2.90 and a beta of 0.93.

AvalonBay Communities (NYSE:AVBGet Free Report) last announced its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.64 by ($1.42). AvalonBay Communities had a net margin of 34.05% and a return on equity of 8.12%. The business had revenue of $712.86 million during the quarter, compared to analysts’ expectations of $706.61 million. During the same period last year, the company earned $2.57 EPS. On average, sell-side analysts anticipate that AvalonBay Communities, Inc. will post 10.9 earnings per share for the current year.

AvalonBay Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $1.70 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $6.80 dividend on an annualized basis and a yield of 3.45%. AvalonBay Communities’s dividend payout ratio (DPR) is 101.19%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AVB. Royal Bank of Canada upped their target price on shares of AvalonBay Communities from $191.00 to $196.00 and gave the company a “sector perform” rating in a report on Monday, April 29th. Morgan Stanley boosted their target price on AvalonBay Communities from $203.00 to $209.00 and gave the company an “overweight” rating in a report on Tuesday, May 14th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $191.00 price target on shares of AvalonBay Communities in a research report on Thursday, February 22nd. Wells Fargo & Company increased their price objective on AvalonBay Communities from $189.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, May 31st. Finally, Mizuho increased their price target on shares of AvalonBay Communities from $185.00 to $194.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $204.89.

Get Our Latest Stock Analysis on AVB

AvalonBay Communities Company Profile

(Free Report)

As of December 31, 2023, the Company owned or held a direct or indirect ownership interest in 299 apartment communities containing 90,669 apartment homes in 12 states and the District of Columbia, of which 18 communities were under development. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company's expansion regions of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado.

Further Reading

Want to see what other hedge funds are holding AVB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AvalonBay Communities, Inc. (NYSE:AVBFree Report).

Institutional Ownership by Quarter for AvalonBay Communities (NYSE:AVB)

Receive News & Ratings for AvalonBay Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AvalonBay Communities and related companies with MarketBeat.com's FREE daily email newsletter.