Carrera Capital Advisors Grows Position in AvalonBay Communities, Inc. (NYSE:AVB)

Carrera Capital Advisors boosted its stake in AvalonBay Communities, Inc. (NYSE:AVB) by 33.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,231 shares of the real estate investment trust’s stock after buying an additional 3,075 shares during the period. Carrera Capital Advisors’ holdings in AvalonBay Communities were worth $2,711,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. OneDigital Investment Advisors LLC boosted its position in shares of AvalonBay Communities by 4.6% during 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 lifted its stake 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 in 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 valued at $818,000 after acquiring an additional 60 shares during the period. Raymond James Trust N.A. grew its position in AvalonBay Communities by 3.1% in the 3rd quarter. Raymond James Trust N.A. now owns 2,015 shares of the real estate investment trust’s stock valued at $454,000 after acquiring an additional 60 shares in the last quarter. Finally, Private Advisor Group LLC increased its stake in AvalonBay Communities by 2.6% during the fourth quarter. Private Advisor Group LLC now owns 2,512 shares of the real estate investment trust’s stock worth $553,000 after purchasing an additional 63 shares during the period. Institutional investors and hedge funds own 92.61% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AVB shares. Zelman & Associates raised shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. raised AvalonBay Communities from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $247.00 to $262.00 in a research report on Tuesday, December 17th. Scotiabank decreased their target price on AvalonBay Communities from $244.00 to $241.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. Mizuho raised AvalonBay Communities from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $239.00 to $242.00 in a research report on Monday, January 6th. Finally, Piper Sandler dropped their target price on AvalonBay Communities from $270.00 to $265.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, AvalonBay Communities presently has an average rating of “Moderate Buy” and an average target price of $238.64.

AvalonBay Communities Price Performance

Shares of AVB opened at $223.34 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.68. The stock’s 50 day moving average is $218.92 and its two-hundred day moving average is $223.65. AvalonBay Communities, Inc. has a twelve month low of $177.40 and a twelve month high of $239.29. The firm has a market capitalization of $31.77 billion, a PE ratio of 29.43, a P/E/G ratio of 3.11 and a beta of 0.99.

AvalonBay Communities (NYSE:AVB) last posted its quarterly 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%. Research analysts anticipate that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

AvalonBay Communities Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.13%. 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. 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.