Public Employees Retirement Association of Colorado Sells 525 Shares of AvalonBay Communities, Inc. (NYSE:AVB)

Public Employees Retirement Association of Colorado decreased its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,668 shares of the real estate investment trust’s stock after selling 525 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in AvalonBay Communities were worth $3,007,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of AvalonBay Communities during the 3rd quarter worth approximately $126,000. Tidal Investments LLC boosted its holdings in shares of AvalonBay Communities by 18.9% in the 3rd quarter. Tidal Investments LLC now owns 76,652 shares of the real estate investment trust’s stock valued at $17,266,000 after purchasing an additional 12,165 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of AvalonBay Communities by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 212,338 shares of the real estate investment trust’s stock valued at $47,056,000 after purchasing an additional 22,076 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of 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 purchasing an additional 55,588 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of AvalonBay Communities by 13.5% during the 4th quarter. GAMMA Investing LLC now owns 2,606 shares of the real estate investment trust’s stock worth $573,000 after buying an additional 309 shares in the last quarter. 92.61% of the stock is currently owned by institutional investors and hedge funds.

AvalonBay Communities Stock Performance

Shares of AVB stock opened at $207.15 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.64 and a quick ratio of 1.64. AvalonBay Communities, Inc. has a one year low of $180.40 and a one year high of $239.29. The business’s 50 day simple moving average is $209.36 and its 200 day simple moving average is $218.43. The stock has a market capitalization of $29.49 billion, a PE ratio of 27.29, a PEG ratio of 3.11 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB) last posted 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 net margin of 37.13% and a return on equity of 9.15%. As a group, research analysts forecast that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

AvalonBay Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $1.75 dividend. The ex-dividend date was Monday, March 31st. This is a positive change from AvalonBay Communities’s previous quarterly dividend of $1.70. This represents a $7.00 annualized dividend and a dividend yield of 3.38%. AvalonBay Communities’s dividend payout ratio (DPR) is 92.23%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AVB shares. Royal Bank of Canada lifted their target price on AvalonBay Communities from $226.00 to $229.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. Truist Financial lifted their price target on shares of AvalonBay Communities from $229.00 to $230.00 and gave the company a “hold” rating in a report on Monday, March 10th. Mizuho upgraded shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $239.00 to $242.00 in a research report on Monday, January 6th. BMO Capital Markets lowered shares of AvalonBay Communities from an “outperform” rating to a “market perform” rating and set a $220.00 target price on the stock. in a research report on Friday, April 4th. Finally, Barclays upped their price target on shares of AvalonBay Communities from $226.00 to $227.00 and gave the stock an “equal weight” rating in a report on Friday, April 11th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $237.47.

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.