Norinchukin Bank The Acquires 501 Shares of AvalonBay Communities, Inc. (NYSE:AVB)

Norinchukin Bank The boosted its holdings in AvalonBay Communities, Inc. (NYSE:AVB) by 4.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,872 shares of the real estate investment trust’s stock after purchasing an additional 501 shares during the quarter. Norinchukin Bank The’s holdings in AvalonBay Communities were worth $2,831,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of AvalonBay Communities in the fourth quarter valued at approximately $1,153,000. Dimensional Fund Advisors LP lifted its position in shares of AvalonBay Communities by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,094,419 shares of the real estate investment trust’s stock valued at $460,711,000 after acquiring an additional 23,459 shares during the period. GeoWealth Management LLC lifted its position in shares of AvalonBay Communities by 26.7% during the 4th quarter. GeoWealth Management LLC now owns 11,204 shares of the real estate investment trust’s stock valued at $2,464,000 after acquiring an additional 2,361 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in shares of AvalonBay Communities by 5.3% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 356,442 shares of the real estate investment trust’s stock worth $78,373,000 after purchasing an additional 18,050 shares in the last quarter. Finally, Dean Investment Associates LLC increased its position in shares of AvalonBay Communities by 4.5% in the fourth quarter. Dean Investment Associates LLC now owns 13,649 shares of the real estate investment trust’s stock worth $3,002,000 after purchasing an additional 592 shares during the period. Institutional investors own 92.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AVB shares. Truist Financial increased their price objective on shares of AvalonBay Communities from $229.00 to $230.00 and gave the stock a “hold” rating in a research note on Monday, March 10th. Zelman & Associates raised shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 13th. Evercore ISI upped their target price on AvalonBay Communities from $230.00 to $240.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. Mizuho raised AvalonBay Communities from a “neutral” rating to an “outperform” rating and raised their target price for the company from $239.00 to $242.00 in a report on Monday, January 6th. Finally, BMO Capital Markets cut AvalonBay Communities from an “outperform” rating to a “market perform” rating and set a $220.00 price target for the company. in a report on Friday, April 4th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, AvalonBay Communities presently has an average rating of “Moderate Buy” and an average price target of $237.47.

AvalonBay Communities Trading Up 1.4 %

NYSE:AVB opened at $202.93 on Friday. AvalonBay Communities, Inc. has a 52 week low of $180.40 and a 52 week high of $239.29. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.64 and a current ratio of 1.64. The firm’s fifty day moving average is $211.08 and its 200-day moving average is $219.06. The firm has a market cap of $28.89 billion, a P/E ratio of 26.74, a P/E/G ratio of 3.11 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.80 earnings per share for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.03). AvalonBay Communities had a return on equity of 9.15% and a net margin of 37.13%. Equities analysts expect that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

AvalonBay Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $1.75 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $7.00 annualized dividend and a dividend yield of 3.45%. This is a positive change from AvalonBay Communities’s previous quarterly dividend of $1.70. AvalonBay Communities’s payout ratio is currently 92.23%.

AvalonBay Communities Company Profile

AvalonBay Communities, Inc is a real estate investment trust, which engages in the development, acquisition, ownership, and operation of multifamily communities. It operates through the following segments: Same Store, Other Stabilized, and Development or Redevelopment. The Same Store segment refers to the operating communities that were owned and had stabilized occupancy.