Securian Asset Management Inc. Has $695,000 Stock Holdings in AvalonBay Communities, Inc. $AVB

Securian Asset Management Inc. trimmed its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 43.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,834 shares of the real estate investment trust’s stock after selling 2,915 shares during the quarter. Securian Asset Management Inc.’s holdings in AvalonBay Communities were worth $695,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BOKF NA bought a new stake in shares of AvalonBay Communities during the 3rd quarter worth about $31,000. AlphaQuest LLC bought a new position in AvalonBay Communities in the 3rd quarter valued at about $33,000. Headlands Technologies LLC acquired a new stake in AvalonBay Communities during the second quarter worth approximately $36,000. Fulcrum Asset Management LLP acquired a new stake in AvalonBay Communities during the third quarter worth approximately $37,000. Finally, Tradewinds Capital Management LLC bought a new stake in shares of AvalonBay Communities during the fourth quarter worth approximately $45,000. 92.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on AVB shares. Morgan Stanley reiterated an “equal weight” rating and set a $203.00 target price (down from $208.00) on shares of AvalonBay Communities in a research note on Thursday, March 26th. Wells Fargo & Company reduced their price target on AvalonBay Communities from $193.00 to $191.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. Wall Street Zen upgraded AvalonBay Communities from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Truist Financial dropped their target price on AvalonBay Communities from $203.00 to $201.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Finally, Cantor Fitzgerald boosted their target price on shares of AvalonBay Communities from $186.00 to $190.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Four analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $196.93.

AvalonBay Communities Stock Performance

AvalonBay Communities stock opened at $183.55 on Friday. AvalonBay Communities, Inc. has a 12-month low of $160.10 and a 12-month high of $209.86. 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 price is $172.78 and its two-hundred day moving average price is $176.57. The stock has a market cap of $25.53 billion, a PE ratio of 26.60, a P/E/G ratio of 3.21 and a beta of 0.79.

AvalonBay Communities (NYSE:AVB) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.33 EPS for the quarter, missing analysts’ consensus estimates of $2.80 by ($0.47). AvalonBay Communities had a return on equity of 9.56% and a net margin of 37.21%.The company had revenue of $770.28 million during the quarter, compared to the consensus estimate of $768.80 million. During the same period last year, the company posted $2.83 EPS. As a group, analysts expect that AvalonBay Communities, Inc. will post 11.31 earnings per share for the current fiscal year.

AvalonBay Communities 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.