Securian Asset Management Inc. Has $695,000 Stake in AvalonBay Communities, Inc. $AVB

Securian Asset Management Inc. lessened its position in AvalonBay Communities, Inc. (NYSE:AVB) by 43.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,834 shares of the real estate investment trust’s stock after selling 2,915 shares during the quarter. Securian Asset Management Inc.’s holdings in AvalonBay Communities were worth $695,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. State Street Corp grew its holdings in shares of AvalonBay Communities by 1.0% during the third quarter. State Street Corp now owns 9,537,966 shares of the real estate investment trust’s stock worth $1,858,788,000 after purchasing an additional 92,467 shares during the last quarter. Principal Financial Group Inc. boosted its position in AvalonBay Communities by 9.3% during the 4th quarter. Principal Financial Group Inc. now owns 4,497,047 shares of the real estate investment trust’s stock worth $815,360,000 after buying an additional 383,983 shares during the period. JPMorgan Chase & Co. grew its holdings in AvalonBay Communities by 6.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,215,821 shares of the real estate investment trust’s stock worth $814,376,000 after acquiring an additional 249,171 shares during the last quarter. Northern Trust Corp grew its holdings in AvalonBay Communities by 3.5% during the 3rd quarter. Northern Trust Corp now owns 2,982,468 shares of the real estate investment trust’s stock worth $576,123,000 after acquiring an additional 100,212 shares during the last quarter. Finally, Bank of America Corp DE increased its position in AvalonBay Communities by 76.0% in the 3rd quarter. Bank of America Corp DE now owns 2,355,838 shares of the real estate investment trust’s stock valued at $455,077,000 after acquiring an additional 1,017,286 shares during the period. 92.61% of the stock is currently owned by institutional investors.

AvalonBay Communities Stock Performance

Shares of AVB stock opened at $183.55 on Friday. The firm has a 50 day moving average of $172.78 and a 200-day moving average of $176.57. The company has a market cap of $25.53 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 3.21 and a beta of 0.79. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.80. AvalonBay Communities, Inc. has a 52 week low of $160.10 and a 52 week high of $209.86.

AvalonBay Communities (NYSE:AVB) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.80 by ($0.47). The company had revenue of $770.28 million for the quarter, compared to analyst estimates of $768.80 million. AvalonBay Communities had a net margin of 37.21% and a return on equity of 9.56%. During the same quarter in the previous year, the firm earned $2.83 EPS. On average, equities analysts forecast that AvalonBay Communities, Inc. will post 11.31 earnings per share for the current year.

Wall Street Analyst Weigh In

AVB has been the subject of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AvalonBay Communities in a research note on Wednesday, April 8th. Barclays decreased their price objective on AvalonBay Communities from $206.00 to $203.00 and set an “overweight” rating for the company in a report on Monday. Truist Financial lowered their target price on AvalonBay Communities from $203.00 to $201.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. UBS Group cut their target price on AvalonBay Communities from $191.00 to $189.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Scotiabank decreased their price target on AvalonBay Communities from $190.00 to $187.00 and set a “sector perform” rating for the company in a research note on Thursday. Four research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $196.93.

AvalonBay Communities Profile

AvalonBay Communities, Inc (NYSE: AVB) is a publicly traded real estate investment trust (REIT) that owns, develops, redevelops and manages multifamily residential properties. The company focuses on professionally managed apartment communities, offering a range of rental housing options and related resident services. As a REIT, AvalonBay’s core activities center on the acquisition and development of apartment assets and the ongoing operations and leasing of those communities.

AvalonBay’s operating activities include ground-up development, strategic redevelopment of existing properties, property and asset management, and on-site leasing and resident services.