MQS Management LLC Takes $913,000 Position in AvalonBay Communities, Inc. $AVB

MQS Management LLC purchased a new stake in shares of AvalonBay Communities, Inc. (NYSE:AVBFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,037 shares of the real estate investment trust’s stock, valued at approximately $913,000. AvalonBay Communities comprises approximately 0.5% of MQS Management LLC’s holdings, making the stock its 19th largest holding.

Other hedge funds also recently made changes to their positions in the company. BOKF NA bought a new stake in shares of AvalonBay Communities during the third quarter valued at approximately $31,000. Elyxium Wealth LLC bought a new stake in shares of AvalonBay Communities during the fourth quarter valued at approximately $32,000. AlphaQuest LLC bought a new stake in shares of AvalonBay Communities during the third quarter valued at approximately $33,000. Headlands Technologies LLC bought a new stake in shares of AvalonBay Communities during the second quarter valued at approximately $36,000. Finally, Fulcrum Asset Management LLP bought a new stake in shares of AvalonBay Communities during the third quarter valued at approximately $37,000. Institutional investors own 92.61% of the company’s stock.

AvalonBay Communities Price Performance

Shares of NYSE:AVB opened at $185.72 on Friday. AvalonBay Communities, Inc. has a 12 month low of $160.10 and a 12 month high of $209.86. The stock has a market cap of $25.84 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 3.20 and a beta of 0.79. The stock’s 50 day moving average price is $173.76 and its 200 day moving average price is $176.80. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.62 and a quick ratio of 0.62.

AvalonBay Communities (NYSE:AVBGet Free Report) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.33 EPS for the quarter, missing the consensus estimate of $2.80 by ($0.47). AvalonBay Communities had a return on equity of 9.56% and a net margin of 37.21%.The firm had revenue of $770.28 million for the quarter, compared to the consensus estimate of $768.80 million. During the same period in the previous year, the firm earned $2.83 EPS. Equities research analysts anticipate that AvalonBay Communities, Inc. will post 11.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AVB shares. Truist Financial cut their price target on AvalonBay Communities from $203.00 to $201.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. UBS Group cut their price target on AvalonBay Communities from $191.00 to $189.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. Citigroup cut their price target on AvalonBay Communities from $212.00 to $198.00 and set a “neutral” rating on the stock in a report on Friday, February 13th. Weiss Ratings reissued a “hold (c)” rating on shares of AvalonBay Communities in a report on Wednesday, April 8th. Finally, Wells Fargo & Company dropped their target price on AvalonBay Communities from $193.00 to $191.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd. Four equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $196.93.

View Our Latest Research Report on AvalonBay Communities

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AvalonBay Communities Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AvalonBay Communities (NYSE:AVB)

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