AvalonBay Communities, Inc. $AVB Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 14.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 44,925 shares of the real estate investment trust’s stock after selling 7,775 shares during the period. Corient Private Wealth LLC’s holdings in AvalonBay Communities were worth $8,145,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of AVB. Reflection Asset Management acquired a new stake in AvalonBay Communities during the fourth quarter worth about $25,000. Zions Bancorporation National Association UT grew its stake in shares of AvalonBay Communities by 300.0% in the 4th quarter. Zions Bancorporation National Association UT now owns 160 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 120 shares during the period. BOKF NA acquired a new stake in shares of AvalonBay Communities during the 3rd quarter worth approximately $31,000. Headlands Technologies LLC purchased a new stake in shares of AvalonBay Communities during the 2nd quarter valued at approximately $36,000. Finally, Elyxium Wealth LLC acquired a new position in AvalonBay Communities in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 92.61% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AVB shares. Cantor Fitzgerald raised their target price 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 decreased their price target on AvalonBay Communities from $193.00 to $191.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd. Wolfe Research raised AvalonBay Communities from an “outperform” rating to an “outperform” rating and set a $209.00 price objective for the company in a research report on Monday, June 1st. Truist Financial boosted their price objective on shares of AvalonBay Communities from $201.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Finally, Piper Sandler upped their target price on shares of AvalonBay Communities from $183.00 to $195.00 and gave the company a “neutral” rating in a research report on Friday, May 29th. Four research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $195.13.

AvalonBay Communities Price Performance

AVB stock opened at $183.62 on Thursday. The business’s fifty day moving average price is $182.08 and its 200 day moving average price is $177.66. AvalonBay Communities, Inc. has a 12-month low of $160.10 and a 12-month high of $206.62. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $25.54 billion, a PE ratio of 26.61, a P/E/G ratio of 3.18 and a beta of 0.78.

AvalonBay Communities (NYSE:AVB) last announced 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). The firm had revenue of $770.28 million for the quarter, compared to analysts’ expectations of $768.80 million. AvalonBay Communities had a net margin of 37.21% and a return on equity of 9.56%. During the same quarter last year, the business earned $2.83 earnings per share. On average, sell-side analysts anticipate that AvalonBay Communities, Inc. will post 11.28 EPS for the current year.

AvalonBay Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $1.78 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $7.12 annualized dividend and a dividend yield of 3.9%. AvalonBay Communities’s dividend payout ratio (DPR) is presently 103.19%.

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.