Nomura Asset Management Co. Ltd. Boosts Holdings in AvalonBay Communities, Inc. $AVB

Nomura Asset Management Co. Ltd. boosted its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 258,889 shares of the real estate investment trust’s stock after acquiring an additional 5,676 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in AvalonBay Communities were worth $46,939,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BOKF NA purchased a new position in shares of AvalonBay Communities in the third quarter worth $31,000. AlphaQuest LLC purchased a new position in shares of AvalonBay Communities in the third quarter worth $33,000. Headlands Technologies LLC purchased a new position in shares of AvalonBay Communities in the second quarter worth $36,000. Elyxium Wealth LLC purchased a new position in shares of AvalonBay Communities in the fourth quarter worth $32,000. Finally, Fulcrum Asset Management LLP purchased a new position in shares of AvalonBay Communities in the third quarter worth $37,000. Hedge funds and other institutional investors own 92.61% of the company’s stock.

AvalonBay Communities Trading Up 0.1%

Shares of AvalonBay Communities stock opened at $182.68 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a fifty day moving average price of $175.35 and a 200 day moving average price of $177.10. AvalonBay Communities, Inc. has a 1 year low of $160.10 and a 1 year high of $209.86. The stock has a market cap of $25.41 billion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 3.17 and a beta of 0.78.

AvalonBay Communities (NYSE:AVB) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.33 earnings per share (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 business had revenue of $770.28 million for the quarter, compared to analysts’ expectations of $768.80 million. During the same period last year, the business earned $2.83 EPS. Equities research analysts predict that AvalonBay Communities, Inc. will post 11.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AVB shares. Piper Sandler raised their price target on shares of AvalonBay Communities from $183.00 to $195.00 and gave the stock a “neutral” rating in a report on Friday. UBS Group decreased their price target on shares of AvalonBay Communities from $191.00 to $189.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Citigroup decreased their price target on shares of AvalonBay Communities from $212.00 to $198.00 and set a “neutral” rating for the company in a report on Friday, February 13th. Royal Bank Of Canada raised their price target on shares of AvalonBay Communities from $180.00 to $188.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 29th. Finally, Wall Street Zen raised shares of AvalonBay Communities from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Four investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $197.73.

AvalonBay Communities Company 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.