Livforsakringsbolaget Skandia Omsesidigt Purchases New Holdings in AvalonBay Communities, Inc. $AVB

Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,791 shares of the real estate investment trust’s stock, valued at approximately $531,000.

Several other institutional investors also recently bought and sold shares of AVB. Reflection Asset Management bought a new stake in shares of AvalonBay Communities during the fourth quarter valued at approximately $25,000. Clearstead Trust LLC boosted its position in AvalonBay Communities by 56.0% in the first quarter. Clearstead Trust LLC now owns 156 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 56 shares during the last quarter. Zions Bancorporation National Association UT grew its position in AvalonBay Communities by 300.0% during the fourth quarter. Zions Bancorporation National Association UT now owns 160 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 120 shares during the period. BOKF NA purchased a new stake in shares of AvalonBay Communities in the 3rd quarter worth $31,000. Finally, Elyxium Wealth LLC bought a new position in shares of AvalonBay Communities in the fourth quarter worth about $32,000. 92.61% of the stock is owned by hedge funds and other institutional investors.

AvalonBay Communities Price Performance

Shares of NYSE:AVB opened at $184.06 on Friday. The stock has a market cap of $26.28 billion, a P/E ratio of 30.08, a price-to-earnings-growth ratio of 2.98 and a beta of 0.76. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.74. AvalonBay Communities, Inc. has a 52-week low of $160.10 and a 52-week high of $198.63. The business’s 50 day moving average is $188.02 and its 200 day moving average is $180.77.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.12). AvalonBay Communities had a return on equity of 8.58% and a net margin of 33.33%.The business had revenue of $777.77 million during the quarter, compared to analysts’ expectations of $772.37 million. During the same period last year, the company earned $2.82 earnings per share. Sell-side analysts predict that AvalonBay Communities, Inc. will post 11.33 EPS for the current year.

AvalonBay Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $1.78 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $7.12 dividend on an annualized basis and a yield of 3.9%. AvalonBay Communities’s payout ratio is 116.34%.

Analyst Ratings Changes

AVB has been the subject of several recent analyst reports. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $190.00 target price on shares of AvalonBay Communities in a report on Wednesday, August 19th. Weiss Ratings downgraded shares of AvalonBay Communities from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Wall Street Zen upgraded AvalonBay Communities from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Piper Sandler upped their price target on shares of AvalonBay Communities from $195.00 to $210.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. Finally, Jefferies Financial Group raised shares of AvalonBay Communities to a “hold” rating in a research report on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $196.87.

About AvalonBay Communities

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.