Xponance Inc. Has $5.70 Million Stake in AvalonBay Communities, Inc. (NYSE:AVB)

Xponance Inc. lifted its stake in AvalonBay Communities, Inc. (NYSE:AVB) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,907 shares of the real estate investment trust’s stock after purchasing an additional 340 shares during the period. Xponance Inc.’s holdings in AvalonBay Communities were worth $5,699,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. State Street Corp increased its holdings in shares of AvalonBay Communities by 2.2% in the third quarter. State Street Corp now owns 9,245,028 shares of the real estate investment trust’s stock valued at $2,097,971,000 after purchasing an additional 196,938 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of AvalonBay Communities by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 4,590,539 shares of the real estate investment trust’s stock valued at $1,009,781,000 after purchasing an additional 27,629 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of AvalonBay Communities by 1.4% in the third 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 in the last quarter. Geode Capital Management LLC increased its holdings in shares of AvalonBay Communities by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,585,802 shares of the real estate investment trust’s stock valued at $805,113,000 after purchasing an additional 27,988 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of AvalonBay Communities by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,266,701 shares of the real estate investment trust’s stock valued at $498,606,000 after purchasing an additional 26,265 shares in the last quarter. Institutional investors and hedge funds own 92.61% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on AVB shares. Zelman & Associates raised shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating in a report on Thursday, February 13th. Evercore ISI lifted their target price on shares of AvalonBay Communities from $230.00 to $240.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Morgan Stanley lowered shares of AvalonBay Communities from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $236.00 to $223.00 in a report on Friday, January 24th. JPMorgan Chase & Co. raised shares of AvalonBay Communities from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $247.00 to $262.00 in a report on Tuesday, December 17th. Finally, Truist Financial lifted their target price on shares of AvalonBay Communities from $229.00 to $230.00 and gave the stock a “hold” rating in a report on Monday, March 10th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, AvalonBay Communities presently has an average rating of “Moderate Buy” and a consensus target price of $238.64.

AvalonBay Communities Trading Up 0.2 %

Shares of NYSE AVB opened at $210.66 on Thursday. The company’s fifty day moving average is $217.95 and its 200-day moving average is $223.12. The stock has a market cap of $29.97 billion, a price-to-earnings ratio of 27.75, a P/E/G ratio of 3.11 and a beta of 1.00. AvalonBay Communities, Inc. has a twelve month low of $177.40 and a twelve month high of $239.29. 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 (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 the consensus estimate of $2.83 by ($0.03). AvalonBay Communities had a net margin of 37.13% and a return on equity of 9.15%. Equities research analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $1.75 dividend. This is a boost from AvalonBay Communities’s previous quarterly dividend of $1.70. This represents a $7.00 annualized dividend and a yield of 3.32%. The ex-dividend date is Monday, March 31st. AvalonBay Communities’s 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.