5,702 Shares in AvalonBay Communities, Inc. $AVB Purchased by Mangrove Partners IM LLC

Mangrove Partners IM LLC acquired a new position in shares of AvalonBay Communities, Inc. (NYSE:AVB) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,702 shares of the real estate investment trust’s stock, valued at approximately $1,034,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Zions Bancorporation National Association UT lifted its holdings in shares of 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 worth $29,000 after acquiring an additional 120 shares during the last quarter. BOKF NA bought a new position in shares of AvalonBay Communities in the third quarter worth about $31,000. Elyxium Wealth LLC bought a new position in shares of AvalonBay Communities in the fourth quarter worth about $32,000. Headlands Technologies LLC bought a new position in shares of AvalonBay Communities in the second quarter worth about $36,000. Finally, Fulcrum Asset Management LLP bought a new position in shares of AvalonBay Communities in the third quarter worth about $37,000. Institutional investors own 92.61% of the company’s stock.

Analysts Set New Price Targets

AVB has been the subject of a number of research reports. Scotiabank dropped their target price on shares of AvalonBay Communities from $190.00 to $187.00 and set a “sector perform” rating for the company in a report on Thursday, May 14th. Wolfe Research raised AvalonBay Communities from an “outperform” rating to an “outperform” rating and set a $209.00 target price for the company in a report on Monday, June 1st. Barclays dropped their target price on AvalonBay Communities from $206.00 to $203.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Truist Financial increased their target price on AvalonBay Communities from $201.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, UBS Group dropped their target price on AvalonBay Communities from $191.00 to $189.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. Four investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $195.13.

AvalonBay Communities Stock Up 0.1%

Shares of NYSE AVB opened at $184.64 on Wednesday. The company has a 50 day simple moving average of $180.68 and a 200 day simple moving average of $177.70. The firm has a market cap of $25.68 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 3.21 and a beta of 0.78. AvalonBay Communities, Inc. has a 1 year low of $160.10 and a 1 year high of $209.86. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.62 and a quick ratio of 0.62.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.80 by ($0.47). The business had revenue of $770.28 million during the quarter, compared to the consensus estimate of $768.80 million. AvalonBay Communities had a net margin of 37.21% and a return on equity of 9.56%. During the same quarter last year, the business earned $2.83 EPS. On average, research analysts forecast that AvalonBay Communities, Inc. will post 11.29 EPS for the current year.

AvalonBay Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Tuesday, June 30th. AvalonBay Communities’s dividend payout ratio (DPR) is 103.19%.

AvalonBay Communities 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.