AvalonBay Communities, Inc. (NYSE:AVB) Shares Acquired by CoreCap Advisors LLC

CoreCap Advisors LLC grew its position in AvalonBay Communities, Inc. (NYSE:AVB) by 58.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 251 shares of the real estate investment trust’s stock after acquiring an additional 93 shares during the period. CoreCap Advisors LLC’s holdings in AvalonBay Communities were worth $55,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Ancora Advisors LLC raised its position in shares of AvalonBay Communities by 1,666.7% in the fourth quarter. Ancora Advisors LLC now owns 159 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 150 shares during the period. Whipplewood Advisors LLC acquired a new position in shares of AvalonBay Communities during the 4th quarter worth about $36,000. Crowley Wealth Management Inc. acquired a new position in shares of AvalonBay Communities during the 4th quarter worth about $44,000. Generali Asset Management SPA SGR acquired a new position in shares of AvalonBay Communities during the 4th quarter worth about $66,000. Finally, Catalyst Capital Advisors LLC raised its position in shares of AvalonBay Communities by 312.5% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 275 shares during the last quarter. Institutional investors and hedge funds own 92.61% of the company’s stock.

AvalonBay Communities Stock Performance

AvalonBay Communities stock opened at $201.45 on Thursday. The firm has a 50 day simple moving average of $206.05 and a 200-day simple moving average of $217.09. AvalonBay Communities, Inc. has a 1-year low of $180.40 and a 1-year high of $239.29. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a market cap of $28.68 billion, a price-to-earnings ratio of 26.54, a price-to-earnings-growth ratio of 3.11 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.03. AvalonBay Communities had a net margin of 37.13% and a return on equity of 9.15%. The business had revenue of $693.43 million during the quarter, compared to analysts’ expectations of $744.61 million. During the same quarter in the prior year, the company posted $2.70 EPS. On average, analysts expect that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AVB. Scotiabank upped their price target on shares of AvalonBay Communities from $241.00 to $251.00 and gave the stock a “sector perform” rating in a research report on Monday. Barclays upped their price target on shares of AvalonBay Communities from $227.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, May 9th. Zelman & Associates upgraded shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 13th. Truist Financial upped their price target on shares of AvalonBay Communities from $229.00 to $230.00 and gave the stock a “hold” rating in a research report on Monday, March 10th. Finally, Piper Sandler dropped their price objective on shares of AvalonBay Communities from $265.00 to $255.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, AvalonBay Communities has an average rating of “Hold” and an average price target of $239.57.

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.