Lighthouse Investment Partners LLC Purchases 24,500 Shares of AvalonBay Communities, Inc. (NYSE:AVB)

Lighthouse Investment Partners LLC grew its position in AvalonBay Communities, Inc. (NYSE:AVB) by 49.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,500 shares of the real estate investment trust’s stock after acquiring an additional 24,500 shares during the quarter. Lighthouse Investment Partners LLC owned 0.05% of AvalonBay Communities worth $16,388,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Stratos Wealth Partners LTD. lifted its position in shares of AvalonBay Communities by 29.6% during the 4th quarter. Stratos Wealth Partners LTD. now owns 1,260 shares of the real estate investment trust’s stock worth $277,000 after buying an additional 288 shares during the period. JPMorgan Chase & Co. lifted its position in shares of AvalonBay Communities by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,060,497 shares of the real estate investment trust’s stock worth $914,627,000 after buying an additional 55,588 shares during the period. Hsbc Holdings PLC lifted its position in shares of AvalonBay Communities by 1.4% during the 4th quarter. Hsbc Holdings PLC now owns 604,010 shares of the real estate investment trust’s stock worth $132,751,000 after buying an additional 8,439 shares during the period. Portfolio Design Labs LLC lifted its position in shares of AvalonBay Communities by 27.0% during the 4th quarter. Portfolio Design Labs LLC now owns 22,356 shares of the real estate investment trust’s stock worth $4,918,000 after buying an additional 4,747 shares during the period. Finally, Sei Investments Co. lifted its position in shares of AvalonBay Communities by 14.1% during the 4th quarter. Sei Investments Co. now owns 344,139 shares of the real estate investment trust’s stock worth $75,701,000 after buying an additional 42,416 shares during the period. Institutional investors own 92.61% of the company’s stock.

AvalonBay Communities Stock Performance

Shares of AVB stock opened at $205.40 on Monday. 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 $29.24 billion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 3.11 and a beta of 0.86. The stock has a 50-day moving average of $206.99 and a 200-day moving average of $217.40. AvalonBay Communities, Inc. has a one year low of $180.40 and a one year high of $239.29.

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

Analyst Ratings Changes

Several research firms recently commented on AVB. BMO Capital Markets downgraded AvalonBay Communities from an “outperform” rating to a “market perform” rating and set a $220.00 target price for the company. in a research report on Friday, April 4th. Truist Financial raised their target price on AvalonBay Communities from $229.00 to $230.00 and gave the stock a “hold” rating in a research report on Monday, March 10th. Piper Sandler cut their target price on AvalonBay Communities from $265.00 to $255.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. Barclays lifted their price objective on AvalonBay Communities from $227.00 to $240.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Zelman & Associates upgraded AvalonBay Communities from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 13th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, AvalonBay Communities currently has a consensus rating of “Hold” and an average target price of $238.86.

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.