MUFG Securities EMEA plc Purchases 3,076 Shares of AvalonBay Communities, Inc. $AVB

MUFG Securities EMEA plc increased its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 113.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,798 shares of the real estate investment trust’s stock after buying an additional 3,076 shares during the period. MUFG Securities EMEA plc’s holdings in AvalonBay Communities were worth $1,051,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BOKF NA bought a new stake in shares of AvalonBay Communities during the 3rd quarter worth $31,000. AlphaQuest LLC bought a new stake in shares of AvalonBay Communities during the 3rd quarter worth $33,000. Headlands Technologies LLC bought a new stake in shares of AvalonBay Communities during the 2nd quarter worth $36,000. Elyxium Wealth LLC bought a new stake in shares of AvalonBay Communities during the 4th quarter worth $32,000. Finally, Fulcrum Asset Management LLP bought a new stake in shares of AvalonBay Communities during the 3rd quarter worth $37,000. 92.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AVB has been the topic of several recent analyst reports. Piper Sandler lifted their price target on AvalonBay Communities from $183.00 to $195.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. UBS Group dropped their price target on AvalonBay Communities from $191.00 to $189.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. Wells Fargo & Company dropped their price target on AvalonBay Communities from $193.00 to $191.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $203.00 price target (down from $208.00) on shares of AvalonBay Communities in a research report on Thursday, March 26th. Finally, Citigroup dropped their price target on AvalonBay Communities from $212.00 to $198.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. Five equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat, AvalonBay Communities presently has an average rating of “Hold” and an average price target of $198.44.

AvalonBay Communities Stock Performance

Shares of NYSE AVB opened at $183.22 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.80. The business’s 50 day moving average is $175.70 and its two-hundred day moving average is $177.13. The company has a market cap of $25.49 billion, a P/E ratio of 26.55, a P/E/G ratio of 3.18 and a beta of 0.78. AvalonBay Communities, Inc. has a 12 month low of $160.10 and a 12 month high of $209.86.

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

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.