Pensionfund Sabic Takes Position in AvalonBay Communities, Inc. $AVB

Pensionfund Sabic bought a new position in AvalonBay Communities, Inc. (NYSE:AVB) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,002 shares of the real estate investment trust’s stock, valued at approximately $1,813,000.

Other hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake in 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 valued at $649,000 after buying an additional 60 shares during the last quarter. PFG Investments LLC grew its holdings in AvalonBay Communities by 4.4% during the 3rd quarter. PFG Investments LLC now owns 1,456 shares of the real estate investment trust’s stock valued at $281,000 after buying an additional 61 shares in the last quarter. Global Retirement Partners LLC increased its stake in AvalonBay Communities by 13.3% in the 3rd quarter. Global Retirement Partners LLC now owns 564 shares of the real estate investment trust’s stock worth $109,000 after acquiring an additional 66 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in AvalonBay Communities by 0.9% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 8,126 shares of the real estate investment trust’s stock worth $1,654,000 after acquiring an additional 76 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of AvalonBay Communities by 1.5% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 5,779 shares of the real estate investment trust’s stock worth $1,116,000 after acquiring an additional 84 shares in the last quarter. 92.61% of the stock is currently owned by hedge funds and other institutional investors.

AvalonBay Communities Trading Down 0.0%

AVB stock opened at $163.23 on Wednesday. AvalonBay Communities, Inc. has a 12 month low of $160.72 and a 12 month high of $217.32. The firm’s 50-day moving average is $175.15 and its 200 day moving average is $180.67. The company has a market capitalization of $22.86 billion, a PE ratio of 19.93, a P/E/G ratio of 2.86 and a beta of 0.75. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.77 and a quick ratio of 0.77.

AvalonBay Communities (NYSE:AVB) last issued its earnings results on Thursday, February 5th. The real estate investment trust reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.01. The business had revenue of $767.86 million for the quarter, compared to the consensus estimate of $766.38 million. AvalonBay Communities had a net margin of 34.57% and a return on equity of 8.78%. During the same period in the prior year, the firm earned $2.80 EPS. On average, research analysts anticipate that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $1.78 dividend. This represents a $7.12 annualized dividend and a yield of 4.4%. This is an increase from AvalonBay Communities’s previous quarterly dividend of $1.75. The ex-dividend date of this dividend is Tuesday, March 31st. AvalonBay Communities’s payout ratio is currently 85.47%.

Analyst Upgrades and Downgrades

AVB has been the subject of a number of research reports. Royal Bank Of Canada lowered their target price on AvalonBay Communities from $191.00 to $187.00 and set a “sector perform” rating for the company in a research report on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of AvalonBay Communities in a research report on Friday, January 9th. Wall Street Zen cut AvalonBay Communities from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Deutsche Bank Aktiengesellschaft downgraded AvalonBay Communities from a “buy” rating to a “hold” rating and set a $172.00 price objective on the stock. in a research report on Tuesday, January 20th. Finally, Truist Financial lowered their price objective on AvalonBay Communities from $203.00 to $201.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Five research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $198.75.

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.