Eurizon Capital SGR S.p.A. Takes $8.26 Million Position in AvalonBay Communities, Inc. $AVB

Eurizon Capital SGR S.p.A. bought a new stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 45,560 shares of the real estate investment trust’s stock, valued at approximately $8,263,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp boosted its stake in shares of AvalonBay Communities by 1.0% during the 3rd quarter. State Street Corp now owns 9,537,966 shares of the real estate investment trust’s stock valued at $1,858,788,000 after buying an additional 92,467 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of AvalonBay Communities by 9.3% during the 4th quarter. Principal Financial Group Inc. now owns 4,497,047 shares of the real estate investment trust’s stock valued at $815,360,000 after buying an additional 383,983 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of AvalonBay Communities by 6.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,215,821 shares of the real estate investment trust’s stock valued at $814,376,000 after buying an additional 249,171 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of AvalonBay Communities by 5.8% during the 4th quarter. Geode Capital Management LLC now owns 4,151,217 shares of the real estate investment trust’s stock valued at $750,042,000 after buying an additional 228,244 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of AvalonBay Communities by 3.5% during the 3rd quarter. Northern Trust Corp now owns 2,982,468 shares of the real estate investment trust’s stock valued at $576,123,000 after buying an additional 100,212 shares during the last quarter. 92.61% of the stock is currently owned by hedge funds and other institutional investors.

AvalonBay Communities Stock Performance

AVB stock opened at $182.68 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.80. The firm has a market cap of $25.41 billion, a P/E ratio of 26.48, a P/E/G ratio of 3.17 and a beta of 0.78. AvalonBay Communities, Inc. has a 12-month low of $160.10 and a 12-month high of $209.86. The stock’s 50 day simple moving average is $175.35 and its 200 day simple moving average is $177.10.

AvalonBay Communities (NYSE:AVB) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.33 earnings per share for the quarter, missing the consensus estimate of $2.80 by ($0.47). AvalonBay Communities had a return on equity of 9.56% and a net margin of 37.21%.The company had revenue of $770.28 million during the quarter, compared to analyst estimates of $768.80 million. During the same period in the prior year, the business earned $2.83 earnings per share. As a group, equities research analysts predict that AvalonBay Communities, Inc. will post 11.31 EPS for the current year.

Wall Street Analysts Forecast Growth

AVB has been the topic of several research reports. Wall Street Zen raised AvalonBay Communities from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reissued a “hold (c)” rating on shares of AvalonBay Communities in a research report on Wednesday, April 8th. Truist Financial dropped their price target on AvalonBay Communities from $203.00 to $201.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. Piper Sandler upped their price target on AvalonBay Communities from $183.00 to $195.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Barclays dropped their price target on AvalonBay Communities from $206.00 to $203.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Four analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $197.73.

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.