Handelsbanken Fonder AB Sells 5,273 Shares of AvalonBay Communities, Inc. $AVB

Handelsbanken Fonder AB lessened its holdings in AvalonBay Communities, Inc. (NYSE:AVBFree Report) by 5.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 83,548 shares of the real estate investment trust’s stock after selling 5,273 shares during the quarter. Handelsbanken Fonder AB’s holdings in AvalonBay Communities were worth $16,139,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Empowered Funds LLC boosted its position in shares of AvalonBay Communities by 5.7% in the 1st quarter. Empowered Funds LLC now owns 2,723 shares of the real estate investment trust’s stock worth $584,000 after purchasing an additional 148 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of AvalonBay Communities by 16.9% in the second quarter. Envestnet Asset Management Inc. now owns 251,739 shares of the real estate investment trust’s stock worth $51,227,000 after acquiring an additional 36,335 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of AvalonBay Communities by 4.0% in the second quarter. Teacher Retirement System of Texas now owns 21,620 shares of the real estate investment trust’s stock worth $4,400,000 after acquiring an additional 826 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in shares of AvalonBay Communities by 6.6% during the second quarter. Arkadios Wealth Advisors now owns 2,439 shares of the real estate investment trust’s stock valued at $496,000 after acquiring an additional 151 shares in the last quarter. Finally, Assetmark Inc. raised its position in shares of AvalonBay Communities by 16.4% in the 2nd quarter. Assetmark Inc. now owns 20,621 shares of the real estate investment trust’s stock worth $4,196,000 after purchasing an additional 2,900 shares during the last quarter. Institutional investors own 92.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AVB shares. Evercore restated an “in-line” rating and set a $214.00 price objective on shares of AvalonBay Communities in a research note on Monday, November 3rd. Wells Fargo & Company cut their price target on shares of AvalonBay Communities from $213.00 to $193.00 and set an “overweight” rating on the stock in a report on Monday, November 10th. Deutsche Bank Aktiengesellschaft lowered shares of AvalonBay Communities from a “buy” rating to a “hold” rating and set a $172.00 price objective for the company. in a report on Tuesday, January 20th. Piper Sandler lowered their price objective on AvalonBay Communities from $190.00 to $183.00 and set a “neutral” rating on the stock in a research report on Monday, February 9th. Finally, Morgan Stanley reduced their target price on AvalonBay Communities from $225.00 to $222.50 and set an “overweight” rating for the company in a report on Thursday, November 13th. Five equities research 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 stock has an average rating of “Hold” and an average price target of $200.91.

View Our Latest Analysis on AvalonBay Communities

AvalonBay Communities Trading Down 1.4%

NYSE:AVB opened at $177.18 on Friday. The company has a market cap of $25.09 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 3.11 and a beta of 0.76. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.79. The company has a 50 day simple moving average of $178.69 and a two-hundred day simple moving average of $183.22. AvalonBay Communities, Inc. has a 12 month low of $166.73 and a 12 month high of $230.21.

AvalonBay Communities (NYSE:AVBGet Free Report) last released its quarterly earnings results on Thursday, February 5th. The real estate investment trust reported $2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.01. AvalonBay Communities had a return on equity of 8.78% and a net margin of 34.57%.The firm had revenue of $767.86 million for the quarter, compared to the consensus estimate of $766.38 million. During the same period last year, the business posted $2.80 EPS. Research analysts forecast 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 Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $1.78 dividend. This is a boost from AvalonBay Communities’s previous quarterly dividend of $1.75. The ex-dividend date is Tuesday, March 31st. This represents a $7.12 annualized dividend and a dividend yield of 4.0%. AvalonBay Communities’s dividend payout ratio (DPR) is currently 85.47%.

AvalonBay Communities News Roundup

Here are the key news stories impacting AvalonBay Communities this week:

AvalonBay Communities Profile

(Free Report)

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.

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

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