AvalonBay Communities, Inc. (NYSE:AVB) is Aew Capital Management L P’s 6th Largest Position

Aew Capital Management L P increased its position in AvalonBay Communities, Inc. (NYSE:AVB) by 14.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 580,376 shares of the real estate investment trust’s stock after buying an additional 71,380 shares during the quarter. AvalonBay Communities comprises 6.2% of Aew Capital Management L P’s holdings, making the stock its 6th largest position. Aew Capital Management L P’s holdings in AvalonBay Communities were worth $127,665,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in AVB. Metis Global Partners LLC raised its holdings in AvalonBay Communities by 7.9% in the fourth quarter. Metis Global Partners LLC now owns 28,975 shares of the real estate investment trust’s stock valued at $6,374,000 after acquiring an additional 2,115 shares in the last quarter. US Bancorp DE raised its holdings in AvalonBay Communities by 1.9% in the fourth quarter. US Bancorp DE now owns 19,794 shares of the real estate investment trust’s stock valued at $4,354,000 after acquiring an additional 363 shares in the last quarter. Bank OZK raised its holdings in AvalonBay Communities by 2.8% in the fourth quarter. Bank OZK now owns 7,962 shares of the real estate investment trust’s stock valued at $1,751,000 after acquiring an additional 215 shares in the last quarter. SVB Wealth LLC acquired a new stake in AvalonBay Communities in the fourth quarter valued at $634,000. Finally, QRG Capital Management Inc. raised its holdings in AvalonBay Communities by 1.9% in the fourth quarter. QRG Capital Management Inc. now owns 16,696 shares of the real estate investment trust’s stock valued at $3,673,000 after acquiring an additional 313 shares in the last quarter. 92.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AVB shares. Zelman & Associates raised shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating in a report on Thursday, February 13th. Evercore ISI upped their price target on shares of AvalonBay Communities from $230.00 to $240.00 and gave the company an “in-line” rating in a report on Monday, February 10th. Morgan Stanley cut shares of AvalonBay Communities from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $236.00 to $223.00 in a report on Friday, January 24th. Piper Sandler dropped their target price on shares of AvalonBay Communities from $270.00 to $265.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. Finally, Scotiabank dropped their target price on shares of AvalonBay Communities from $244.00 to $241.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $238.64.

AvalonBay Communities Trading Up 1.4 %

Shares of NYSE:AVB opened at $226.17 on Friday. The company has a market cap of $32.17 billion, a PE ratio of 29.80, a P/E/G ratio of 3.11 and a beta of 1.00. The company’s 50-day moving average price is $218.79 and its 200 day moving average price is $223.35. AvalonBay Communities, Inc. has a fifty-two week low of $174.46 and a fifty-two week high of $239.29. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.68.

AvalonBay Communities (NYSE:AVB) last issued 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 net margin of 37.13% and a return on equity of 9.15%. Sell-side analysts anticipate that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

AvalonBay Communities Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from AvalonBay Communities’s previous quarterly dividend of $1.70. This represents a $7.00 annualized dividend and a yield of 3.10%. AvalonBay Communities’s dividend payout ratio (DPR) is currently 92.23%.

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.