Lbp Am Sa Has $11.07 Million Stake in AvalonBay Communities, Inc. (NYSE:AVB)

Lbp Am Sa grew its position in AvalonBay Communities, Inc. (NYSE:AVB) by 490.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,330 shares of the real estate investment trust’s stock after purchasing an additional 41,806 shares during the quarter. Lbp Am Sa’s holdings in AvalonBay Communities were worth $11,071,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new stake in AvalonBay Communities during the third quarter worth approximately $26,000. Whipplewood Advisors LLC acquired a new stake in AvalonBay Communities during the fourth quarter worth approximately $36,000. Brooklyn Investment Group acquired a new stake in AvalonBay Communities during the third quarter worth approximately $39,000. Prospera Private Wealth LLC acquired a new stake in AvalonBay Communities during the third quarter worth approximately $51,000. Finally, Catalyst Capital Advisors LLC grew its position in AvalonBay Communities by 312.5% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust’s stock worth $80,000 after buying an additional 275 shares in the last quarter. Institutional investors and hedge funds own 92.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AVB. Truist Financial increased their price target on AvalonBay Communities from $229.00 to $230.00 and gave the stock a “hold” rating in a research report on Monday, March 10th. Royal Bank of Canada raised their target price on AvalonBay Communities from $226.00 to $229.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. Morgan Stanley downgraded AvalonBay Communities from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $236.00 to $223.00 in a report on Friday, January 24th. Mizuho raised AvalonBay Communities from a “neutral” rating to an “outperform” rating and raised their target price for the company from $239.00 to $242.00 in a report on Monday, January 6th. Finally, Evercore ISI raised their target price on AvalonBay Communities from $230.00 to $240.00 and gave the company an “in-line” rating in a report on Monday, February 10th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $238.64.

AvalonBay Communities Stock Performance

AVB stock opened at $209.55 on Friday. The stock has a 50-day moving average price of $218.02 and a 200-day moving average price of $223.38. AvalonBay Communities, Inc. has a 1-year low of $177.40 and a 1-year high of $239.29. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.68. The firm has a market cap of $29.81 billion, a PE ratio of 27.61, a price-to-earnings-growth ratio of 3.11 and a beta of 1.00.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.80 earnings per share for the quarter, missing the consensus estimate of $2.83 by ($0.03). AvalonBay Communities had a return on equity of 9.15% and a net margin of 37.13%. As a group, equities research analysts expect that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

AvalonBay Communities Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 3.34%. This is a positive change from AvalonBay Communities’s previous quarterly dividend of $1.70. The ex-dividend date is Monday, March 31st. AvalonBay Communities’s payout ratio is presently 92.23%.

About AvalonBay Communities

AvalonBay Communities, Inc is a real estate investment trust, which engages in the development, acquisition, ownership, and operation of multifamily communities. It operates through the following segments: Same Store, Other Stabilized, and Development or Redevelopment. The Same Store segment refers to the operating communities that were owned and had stabilized occupancy.