AvalonBay Communities, Inc. $AVB Stake Boosted by Sei Investments Co.

Sei Investments Co. grew its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 6.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 271,640 shares of the real estate investment trust’s stock after purchasing an additional 15,783 shares during the quarter. Sei Investments Co. owned approximately 0.20% of AvalonBay Communities worth $44,372,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AVB. Reflection Asset Management acquired a new position in AvalonBay Communities during the 4th quarter valued at approximately $25,000. Clearstead Trust LLC increased its position in AvalonBay Communities by 56.0% in the first quarter. Clearstead Trust LLC now owns 156 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 56 shares during the period. Zions Bancorporation National Association UT lifted its stake in AvalonBay Communities by 300.0% in the fourth quarter. Zions Bancorporation National Association UT now owns 160 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 120 shares during the last quarter. BOKF NA acquired a new position in shares of AvalonBay Communities during the third quarter valued at $31,000. Finally, Elyxium Wealth LLC acquired a new position in shares of AvalonBay Communities during the fourth quarter valued at $32,000. 92.61% of the stock is currently owned by institutional investors and hedge funds.

AvalonBay Communities Price Performance

Shares of AVB opened at $189.53 on Monday. AvalonBay Communities, Inc. has a one year low of $160.10 and a one year high of $203.29. The stock’s fifty day moving average is $187.49 and its 200-day moving average is $179.43. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market capitalization of $26.92 billion, a price-to-earnings ratio of 27.47, a price-to-earnings-growth ratio of 3.30 and a beta of 0.77.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $1.11 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.12). The company had revenue of $777.77 million during the quarter, compared to analyst estimates of $772.37 million. AvalonBay Communities had a return on equity of 8.58% and a net margin of 33.33%.During the same period in the previous year, the company earned $2.82 EPS. Equities analysts anticipate that AvalonBay Communities, Inc. will post 11.28 EPS for the current year.

AvalonBay Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $1.78 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $7.12 annualized dividend and a dividend yield of 3.8%. AvalonBay Communities’s dividend payout ratio is 103.19%.

Analyst Upgrades and Downgrades

AVB has been the topic of a number of analyst reports. Piper Sandler increased their price objective on shares of AvalonBay Communities from $195.00 to $210.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Wall Street Zen raised shares of AvalonBay Communities from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Wolfe Research upgraded shares of AvalonBay Communities from an “outperform” rating to an “outperform” rating and set a $209.00 target price for the company in a research report on Monday, June 1st. UBS Group dropped their price target on shares of AvalonBay Communities from $191.00 to $189.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. Finally, Scotiabank boosted their price objective on AvalonBay Communities from $187.00 to $195.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 9th. Three research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $196.80.

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.