AvalonBay Communities, Inc. $AVB Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC increased its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 96.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 159,728 shares of the real estate investment trust’s stock after buying an additional 78,509 shares during the quarter. SG Americas Securities LLC’s holdings in AvalonBay Communities were worth $26,092,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in AVB. Northwestern Mutual Wealth Management Co. boosted its stake in shares of AvalonBay Communities by 1.8% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,358 shares of the real estate investment trust’s stock worth $649,000 after buying an additional 60 shares during the period. Keybank National Association OH increased its position in AvalonBay Communities by 2.6% in the 4th quarter. Keybank National Association OH now owns 2,458 shares of the real estate investment trust’s stock valued at $446,000 after acquiring an additional 62 shares during the period. Phoenix Financial Ltd. raised its stake in AvalonBay Communities by 5.7% during the 4th quarter. Phoenix Financial Ltd. now owns 1,713 shares of the real estate investment trust’s stock valued at $311,000 after acquiring an additional 92 shares during the last quarter. New Mexico Educational Retirement Board lifted its position in AvalonBay Communities by 1.6% during the 4th quarter. New Mexico Educational Retirement Board now owns 6,527 shares of the real estate investment trust’s stock worth $1,183,000 after acquiring an additional 100 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in AvalonBay Communities by 0.3% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 29,971 shares of the real estate investment trust’s stock worth $5,434,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 92.61% of the company’s stock.

AvalonBay Communities Price Performance

AvalonBay Communities stock opened at $183.62 on Thursday. The company has a market cap of $25.54 billion, a P/E ratio of 26.61, a price-to-earnings-growth ratio of 3.18 and a beta of 0.78. AvalonBay Communities, Inc. has a one year low of $160.10 and a one year high of $206.62. The business has a fifty day moving average of $182.08 and a two-hundred day moving average of $177.66. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.62 and a current ratio of 0.62.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.33 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $768.80 million. During the same period in the prior year, the firm posted $2.83 EPS. As a group, analysts predict that AvalonBay Communities, Inc. will post 11.28 earnings per share for the current fiscal year.

AvalonBay Communities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, June 30th. AvalonBay Communities’s payout ratio is 103.19%.

Wall Street Analyst Weigh In

AVB has been the topic of several recent research reports. Piper Sandler boosted their price objective on shares of AvalonBay Communities from $183.00 to $195.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Barclays reduced their target price on shares of AvalonBay Communities from $206.00 to $203.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Morgan Stanley reiterated an “equal weight” rating and set a $203.00 price target (down from $208.00) on shares of AvalonBay Communities in a research note on Thursday, March 26th. Wolfe Research raised shares of AvalonBay Communities from an “outperform” rating to an “outperform” rating and set a $209.00 price target for the company in a report on Monday, June 1st. Finally, Scotiabank reduced their price objective on shares of AvalonBay Communities from $190.00 to $187.00 and set a “sector perform” rating for the company in a research report on Thursday, May 14th. Four 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 company currently has an average rating of “Hold” and an average target price of $195.13.

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.