1,009 Shares in AvalonBay Communities, Inc. (NYSE:AVB) Purchased by GC Wealth Management RIA LLC

GC Wealth Management RIA LLC purchased a new position in AvalonBay Communities, Inc. (NYSE:AVB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,009 shares of the real estate investment trust’s stock, valued at approximately $222,000.

A number of other institutional investors also recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC bought a new position in shares of AvalonBay Communities during the third quarter valued at approximately $26,000. Whipplewood Advisors LLC bought a new position in shares of AvalonBay Communities during the fourth quarter valued at approximately $36,000. Brooklyn Investment Group bought a new position in shares of AvalonBay Communities during the third quarter valued at approximately $39,000. Prospera Private Wealth LLC bought a new position in shares of AvalonBay Communities during the third quarter valued at approximately $51,000. Finally, Catalyst Capital Advisors LLC increased its stake 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 valued at $80,000 after purchasing an additional 275 shares in the last quarter. 92.61% of the stock is owned by institutional investors.

AvalonBay Communities Trading Down 1.4 %

Shares of AVB stock opened at $213.30 on Wednesday. AvalonBay Communities, Inc. has a 12-month low of $177.40 and a 12-month high of $239.29. 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 firm’s 50 day moving average is $218.61 and its 200 day moving average is $223.66. The stock has a market capitalization of $30.34 billion, a P/E ratio of 28.10, a P/E/G ratio of 3.11 and a beta of 1.00.

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

AvalonBay Communities Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $1.75 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $7.00 annualized dividend and a yield of 3.28%. 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%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AVB shares. Mizuho raised shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating and raised their target price for the company from $239.00 to $242.00 in a research note on Monday, January 6th. Truist Financial raised their target price on shares of AvalonBay Communities from $229.00 to $230.00 and gave the company a “hold” rating in a research note on Monday. Evercore ISI raised their target price on shares of AvalonBay Communities from $230.00 to $240.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. Zelman & Associates raised shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 13th. Finally, Barclays cut their price target on shares of AvalonBay Communities from $230.00 to $226.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $238.64.

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.