3 hours Ago By ABMN Staff
Jones Financial Companies Lllp increased its holdings in shares of AvalonBay Communities, Inc. ( NYSE:AVB – Free Report ) by 466.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 1,088 shares of the real estate investment trust’s stock after purchasing an additional 896 shares during the period. Jones Financial Companies Lllp’s holdings in AvalonBay Communities were worth $239,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company.
RPg Family Wealth Advisory LLC acquired a new position in AvalonBay Communities during the third quarter worth about $26,000. Whipplewood Advisors LLC acquired a new stake in shares of AvalonBay Communities in the fourth quarter valued at $36,000. Brooklyn Investment Group acquired a new stake in shares of AvalonBay Communities during the third quarter worth about $39,000.
Prospera Private Wealth LLC acquired a new stake in shares of AvalonBay Communities during the third quarter worth about $51,000. Finally, Catalyst Capital Advisors LLC grew its holdings in shares of 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 during the last quarter. Hedge funds and other institutional investors own 92.61% of the company’s stock.
AvalonBay Communities Price Performance NYSE:AVB opened at $210.02 on Thursday. AvalonBay Communities, Inc.
has a 12 month low of $177.40 and a 12 month high of $239.29.
The company’s 50-day moving average price is $218.41 and its two-hundred day moving average price is $223.57.
The firm has a market cap of $29.88 billion, a PE ratio of 27.67, a price-to-earnings-growth 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 Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.75 per share.
This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.33%.
The ex-dividend date of this dividend is Monday, March 31st. This is a boost from AvalonBay Communities’s previous quarterly dividend of $1.70.
AvalonBay Communities’s dividend payout ratio (DPR) is currently 92.23%. Analyst Ratings Changes AVB has been the topic of several research analyst reports.
Evercore ISI boosted their price target 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.
Truist Financial upped their price target on shares of AvalonBay Communities from $229.00 to $230.00 and gave the stock a “hold” rating in a research report on Monday.
Barclays decreased their price objective on shares of AvalonBay Communities from $230.00 to $226.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th.
JPMorgan Chase & Co. upgraded shares of AvalonBay Communities from a “neutral” rating to an “overweight” rating and upped their target price for the company from $247.00 to $262.
00 in a research note on Tuesday, December 17th. Finally, Morgan Stanley lowered shares of AvalonBay Communities from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $236.00 to $223.
00 in a research note on Friday, January 24th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.
com, AvalonBay Communities has an average rating of “Moderate Buy” and a consensus price target of $238.64. Check Out Our Latest Report on AvalonBay Communities AvalonBay Communities Company Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding AVB? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for AvalonBay Communities, Inc. ( NYSE:AVB – Free Report ). Receive News & Ratings for AvalonBay Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AvalonBay Communities and related companies with MarketBeat.
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