AvalonBay Communities, Inc. $AVB Stake Raised by MUFG Securities EMEA plc

MUFG Securities EMEA plc increased its holdings in AvalonBay Communities, Inc. (NYSE:AVB) by 113.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,798 shares of the real estate investment trust’s stock after acquiring 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.

Several other hedge funds have also recently bought and sold shares of AVB. BOKF NA purchased a new stake in AvalonBay Communities in the 3rd quarter worth about $31,000. Elyxium Wealth LLC purchased a new stake in AvalonBay Communities in the 4th quarter worth about $32,000. AlphaQuest LLC purchased a new stake in AvalonBay Communities in the 3rd quarter worth about $33,000. Headlands Technologies LLC purchased a new stake in AvalonBay Communities in the 2nd quarter worth about $36,000. Finally, Fulcrum Asset Management LLP purchased a new stake in AvalonBay Communities in the 3rd quarter worth about $37,000. 92.61% of the stock is owned by hedge funds and other institutional investors.

AvalonBay Communities Price Performance

NYSE AVB opened at $183.22 on Wednesday. AvalonBay Communities, Inc. has a fifty-two week low of $160.10 and a fifty-two week high of $209.86. The stock’s 50-day moving average is $175.70 and its two-hundred day moving average is $177.13. 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 market cap of $25.49 billion, a P/E ratio of 26.55, a price-to-earnings-growth ratio of 3.18 and a beta of 0.78.

AvalonBay Communities (NYSE:AVB) last posted its earnings results 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). AvalonBay Communities had a net margin of 37.21% and a return on equity of 9.56%. The company had revenue of $770.28 million for the quarter, compared to the consensus estimate of $768.80 million. During the same quarter last year, the business earned $2.83 earnings per share. On average, analysts anticipate that AvalonBay Communities, Inc. will post 11.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. UBS Group cut their price target on AvalonBay Communities from $191.00 to $189.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. Cantor Fitzgerald raised their price target on AvalonBay Communities from $186.00 to $190.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Wells Fargo & Company cut 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. Piper Sandler raised their price target on AvalonBay Communities from $183.00 to $195.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Finally, Scotiabank cut their price target on AvalonBay Communities from $190.00 to $187.00 and set a “sector perform” rating for the company in a research note on Thursday, May 14th. Five equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, AvalonBay Communities presently has an average rating of “Hold” and a consensus price target of $198.44.

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.