Schroder Investment Management Group Sells 11,950 Shares of AvalonBay Communities, Inc. (NYSE:AVB)

Schroder Investment Management Group trimmed its holdings in AvalonBay Communities, Inc. (NYSE:AVBFree Report) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 495,240 shares of the real estate investment trust’s stock after selling 11,950 shares during the quarter. Schroder Investment Management Group owned about 0.35% of AvalonBay Communities worth $92,719,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Arlington Trust Co LLC purchased a new position in shares of AvalonBay Communities in the 4th quarter worth $45,000. Bear Mountain Capital Inc. bought a new stake in shares of AvalonBay Communities during the 4th quarter valued at about $66,000. Gold Investment Management Ltd. purchased a new stake in shares of AvalonBay Communities during the 4th quarter valued at about $71,000. Blue Trust Inc. lifted its stake in shares of AvalonBay Communities by 139.6% in the 4th quarter. Blue Trust Inc. now owns 539 shares of the real estate investment trust’s stock worth $92,000 after purchasing an additional 314 shares during the period. Finally, PFG Private Wealth Management LLC lifted its stake in shares of AvalonBay Communities by 200.0% in the 4th quarter. PFG Private Wealth Management LLC now owns 555 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 370 shares during the period. Hedge funds and other institutional investors own 92.61% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on AVB shares. Wells Fargo & Company upped their target price on shares of AvalonBay Communities from $189.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, May 31st. UBS Group raised their target price on AvalonBay Communities from $199.00 to $210.00 and gave the stock a “neutral” rating in a report on Tuesday, May 14th. Evercore ISI lowered AvalonBay Communities from an “outperform” rating to an “inline” rating and set a $202.00 price target for the company. in a report on Monday, May 13th. Argus raised their price objective on AvalonBay Communities from $188.00 to $212.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $191.00 price objective on shares of AvalonBay Communities in a research report on Thursday, February 22nd. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, AvalonBay Communities currently has a consensus rating of “Hold” and a consensus target price of $204.89.

View Our Latest Research Report on AVB

AvalonBay Communities Trading Down 0.5 %

Shares of AVB traded down $1.06 during midday trading on Friday, hitting $197.21. The stock had a trading volume of 557,513 shares, compared to its average volume of 544,372. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 1.07. AvalonBay Communities, Inc. has a 1 year low of $160.45 and a 1 year high of $200.71. The firm has a market cap of $28.04 billion, a PE ratio of 29.35, a price-to-earnings-growth ratio of 2.90 and a beta of 0.93. The stock’s 50 day moving average is $190.82 and its 200 day moving average is $183.84.

AvalonBay Communities (NYSE:AVBGet Free Report) last posted its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $1.22 earnings per share 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 company had revenue of $712.86 million for the quarter, compared to the consensus estimate of $706.61 million. During the same period in the prior year, the firm posted $2.57 EPS. As a group, analysts forecast that AvalonBay Communities, Inc. will post 10.9 EPS for the current fiscal year.

AvalonBay Communities Dividend Announcement

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

About AvalonBay Communities

(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.

See Also

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

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