AvalonBay Communities, Inc. (NYSE:AVB) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 0.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,428 shares of the real estate investment trust’s stock after acquiring an additional 124 shares during the period. Teacher Retirement System of Texas owned about 0.06% of AvalonBay Communities worth $18,352,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. OneDigital Investment Advisors LLC increased its position in AvalonBay Communities by 4.6% in the third quarter. OneDigital Investment Advisors LLC now owns 1,244 shares of the real estate investment trust’s stock worth $280,000 after buying an additional 55 shares during the period. Wedmont Private Capital increased its position in AvalonBay Communities by 5.3% in the fourth quarter. Wedmont Private Capital now owns 1,094 shares of the real estate investment trust’s stock worth $231,000 after buying an additional 55 shares during the period. MAI Capital Management increased its position in AvalonBay Communities by 1.7% in the third quarter. MAI Capital Management now owns 3,633 shares of the real estate investment trust’s stock worth $818,000 after buying an additional 60 shares during the period. Raymond James Trust N.A. increased its position in AvalonBay Communities by 3.1% in the third quarter. Raymond James Trust N.A. now owns 2,015 shares of the real estate investment trust’s stock worth $454,000 after buying an additional 60 shares during the period. Finally, Signaturefd LLC increased its position in AvalonBay Communities by 4.0% in the fourth quarter. Signaturefd LLC now owns 1,616 shares of the real estate investment trust’s stock worth $356,000 after buying an additional 62 shares during the period. 92.61% of the stock is owned by institutional investors and hedge funds.

AvalonBay Communities Trading Down 0.9 %

Shares of AVB stock opened at $209.49 on Friday. The stock has a 50-day simple moving average of $217.90 and a 200 day simple moving average of $222.93. AvalonBay Communities, Inc. has a fifty-two week low of $177.40 and a fifty-two week high of $239.29. The stock has a market capitalization of $29.80 billion, a P/E ratio of 27.60, a P/E/G ratio of 3.11 and a beta of 1.00. 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 announced its earnings results 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%. On average, sell-side analysts expect that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Increases Dividend

The business also recently declared 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 is a positive change from AvalonBay Communities’s previous quarterly dividend of $1.70. The ex-dividend date is Monday, March 31st. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.34%. AvalonBay Communities’s dividend payout ratio (DPR) is 92.23%.

Wall Street Analyst Weigh In

AVB has been the topic of several analyst reports. Truist Financial increased their target price on AvalonBay Communities from $229.00 to $230.00 and gave the stock a “hold” rating in a research report on Monday, March 10th. Morgan Stanley lowered AvalonBay Communities from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $236.00 to $223.00 in a research report on Friday, January 24th. Royal Bank of Canada increased their price target on AvalonBay Communities from $226.00 to $229.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. Piper Sandler decreased their price target on AvalonBay Communities from $270.00 to $265.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. raised AvalonBay Communities from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $247.00 to $262.00 in a research note on Tuesday, December 17th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, AvalonBay Communities has an average rating of “Moderate Buy” and an average target price of $238.64.

AvalonBay Communities 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.