1,476 Shares in AvalonBay Communities, Inc. (NYSE:AVB) Purchased by Atlas Capital Advisors Inc.

Atlas Capital Advisors Inc. acquired a new stake in AvalonBay Communities, Inc. (NYSE:AVB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,476 shares of the real estate investment trust’s stock, valued at approximately $325,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVB. Stratos Wealth Partners LTD. increased its holdings in shares of AvalonBay Communities by 29.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 1,260 shares of the real estate investment trust’s stock valued at $277,000 after purchasing an additional 288 shares in the last quarter. JPMorgan Chase & Co. boosted its position in AvalonBay Communities by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,060,497 shares of the real estate investment trust’s stock valued at $914,627,000 after buying an additional 55,588 shares during the last quarter. West Oak Capital LLC increased its stake in shares of AvalonBay Communities by 875.3% in the 4th quarter. West Oak Capital LLC now owns 15,800 shares of the real estate investment trust’s stock valued at $356,000 after buying an additional 14,180 shares during the period. Portfolio Design Labs LLC lifted its stake in shares of AvalonBay Communities by 27.0% during the fourth quarter. Portfolio Design Labs LLC now owns 22,356 shares of the real estate investment trust’s stock valued at $4,918,000 after acquiring an additional 4,747 shares during the period. Finally, Savant Capital LLC boosted its holdings in AvalonBay Communities by 8.7% in the fourth quarter. Savant Capital LLC now owns 1,264 shares of the real estate investment trust’s stock valued at $278,000 after acquiring an additional 101 shares during the last quarter. Institutional investors and hedge funds own 92.61% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on AVB. Piper Sandler dropped their price objective on AvalonBay Communities from $270.00 to $265.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Mizuho upgraded shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $239.00 to $242.00 in a report on Monday, January 6th. JPMorgan Chase & Co. raised shares of AvalonBay Communities from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $247.00 to $262.00 in a research note on Tuesday, December 17th. Zelman & Associates upgraded shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 13th. Finally, Truist Financial raised 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. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $237.40.

AvalonBay Communities Price Performance

NYSE AVB opened at $191.69 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a market cap of $27.27 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 3.11 and a beta of 0.86. The business has a 50 day simple moving average of $216.75 and a 200 day simple moving average of $221.69. AvalonBay Communities, Inc. has a 52-week low of $177.40 and a 52-week high of $239.29.

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

AvalonBay Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $1.75 per share. This is a boost from AvalonBay Communities’s previous quarterly dividend of $1.70. This represents a $7.00 annualized dividend and a dividend yield of 3.65%. The ex-dividend date is Monday, March 31st. AvalonBay Communities’s dividend payout ratio is currently 92.23%.

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.