iA Global Asset Management Inc. Has $1.15 Million Position in AvalonBay Communities, Inc. (NYSE:AVB)

iA Global Asset Management Inc. boosted its holdings in AvalonBay Communities, Inc. (NYSE:AVB) by 27.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,213 shares of the real estate investment trust’s stock after purchasing an additional 1,120 shares during the quarter. iA Global Asset Management Inc.’s holdings in AvalonBay Communities were worth $1,147,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. OneDigital Investment Advisors LLC boosted its holdings in AvalonBay Communities by 4.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,244 shares of the real estate investment trust’s stock worth $280,000 after acquiring an additional 55 shares during the last quarter. Wedmont Private Capital boosted its holdings in AvalonBay Communities by 5.3% during the 4th quarter. Wedmont Private Capital now owns 1,094 shares of the real estate investment trust’s stock worth $231,000 after acquiring an additional 55 shares during the last quarter. MAI Capital Management boosted its holdings in AvalonBay Communities by 1.7% during the 3rd quarter. MAI Capital Management now owns 3,633 shares of the real estate investment trust’s stock worth $818,000 after acquiring an additional 60 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in AvalonBay Communities by 3.1% during the 3rd quarter. Raymond James Trust N.A. now owns 2,015 shares of the real estate investment trust’s stock worth $454,000 after acquiring an additional 60 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in AvalonBay Communities by 4.0% during the 4th quarter. Signaturefd LLC now owns 1,616 shares of the real estate investment trust’s stock worth $356,000 after acquiring an additional 62 shares during the last quarter. 92.61% of the stock is owned by hedge funds and other institutional investors.

AvalonBay Communities Stock Down 0.9 %

AVB stock opened at $209.49 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $29.80 billion, a PE ratio of 27.60, a PEG ratio of 3.11 and a beta of 1.00. AvalonBay Communities, Inc. has a twelve month low of $177.40 and a twelve month high of $239.29. The stock has a 50-day simple moving average of $217.90 and a two-hundred day simple moving average of $222.93.

AvalonBay Communities (NYSE:AVB) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.80 earnings per share for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.03). AvalonBay Communities had a net margin of 37.13% and a return on equity of 9.15%. On average, equities analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $1.75 per share. This is a positive change from AvalonBay Communities’s previous quarterly dividend of $1.70. The ex-dividend date of this dividend is Monday, March 31st. This represents a $7.00 annualized dividend and a dividend yield of 3.34%. AvalonBay Communities’s payout ratio is presently 92.23%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AVB shares. Royal Bank of Canada lifted their price objective on shares of AvalonBay Communities from $226.00 to $229.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. Truist Financial lifted their target price on AvalonBay Communities from $229.00 to $230.00 and gave the stock a “hold” rating in a research note on Monday, March 10th. Barclays lowered their target price on AvalonBay Communities from $230.00 to $226.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 19th. Zelman & Associates upgraded AvalonBay Communities from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 13th. Finally, Evercore ISI lifted their target price on AvalonBay Communities from $230.00 to $240.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $238.64.

AvalonBay Communities Company Profile

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.