VIRGINIA RETIREMENT SYSTEMS ET Al Has $27.23 Million Stake in AvalonBay Communities, Inc. $AVB

VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 15.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 150,160 shares of the real estate investment trust’s stock after acquiring an additional 20,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.11% of AvalonBay Communities worth $27,226,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its stake in AvalonBay Communities by 1.8% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,358 shares of the real estate investment trust’s stock valued at $649,000 after buying an additional 60 shares during the last quarter. PFG Investments LLC increased its stake in AvalonBay Communities by 4.4% in the 3rd quarter. PFG Investments LLC now owns 1,456 shares of the real estate investment trust’s stock valued at $281,000 after buying an additional 61 shares during the last quarter. Keybank National Association OH increased its stake in AvalonBay Communities by 2.6% in the 4th quarter. Keybank National Association OH now owns 2,458 shares of the real estate investment trust’s stock valued at $446,000 after buying an additional 62 shares during the last quarter. Global Retirement Partners LLC increased its stake in AvalonBay Communities by 13.3% in the 3rd quarter. Global Retirement Partners LLC now owns 564 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 66 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its stake in AvalonBay Communities by 1.5% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 5,779 shares of the real estate investment trust’s stock valued at $1,116,000 after buying an additional 84 shares during the last quarter. 92.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AVB shares. Wall Street Zen upgraded shares of AvalonBay Communities from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Truist Financial lowered their price target on shares of AvalonBay Communities from $203.00 to $201.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft lowered shares of AvalonBay Communities from a “buy” rating to a “hold” rating and set a $172.00 price target on the stock. in a research note on Tuesday, January 20th. Scotiabank lowered their price target on shares of AvalonBay Communities from $193.00 to $190.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 4th. Finally, Citigroup lowered their price target on shares of AvalonBay Communities from $212.00 to $198.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat, AvalonBay Communities presently has a consensus rating of “Hold” and an average target price of $197.27.

AvalonBay Communities Trading Down 0.3%

Shares of NYSE:AVB opened at $186.45 on Thursday. AvalonBay Communities, Inc. has a 52-week low of $160.10 and a 52-week high of $209.86. The company has a market capitalization of $25.94 billion, a P/E ratio of 27.02, a price-to-earnings-growth ratio of 3.22 and a beta of 0.79. The company has a 50-day simple moving average of $172.65 and a 200 day simple moving average of $176.61. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.62 and a current ratio of 0.62.

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 net margin of 37.21% and a return on equity of 9.56%. The firm had revenue of $770.28 million during the quarter, compared to analyst estimates of $768.80 million. During the same quarter last year, the business posted $2.83 earnings per share. Sell-side analysts forecast that AvalonBay Communities, Inc. will post 11.31 earnings per share 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.