CVA Family Office LLC Increases Stake in AvalonBay Communities, Inc. (NYSE:AVB)

CVA Family Office LLC grew its position in shares of AvalonBay Communities, Inc. (NYSE:AVBGet Rating) by 1,333.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 215 shares of the real estate investment trust’s stock after buying an additional 200 shares during the quarter. CVA Family Office LLC’s holdings in AvalonBay Communities were worth $40,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Desjardins Global Asset Management Inc. raised its position in AvalonBay Communities by 1.1% during the 3rd quarter. Desjardins Global Asset Management Inc. now owns 5,409 shares of the real estate investment trust’s stock worth $995,000 after buying an additional 59 shares during the last quarter. Allworth Financial LP raised its position in AvalonBay Communities by 1.8% during the 3rd quarter. Allworth Financial LP now owns 3,351 shares of the real estate investment trust’s stock worth $617,000 after buying an additional 60 shares during the last quarter. MML Investors Services LLC raised its position in AvalonBay Communities by 4.3% during the 3rd quarter. MML Investors Services LLC now owns 1,448 shares of the real estate investment trust’s stock worth $267,000 after buying an additional 60 shares during the last quarter. Alps Advisors Inc. raised its position in AvalonBay Communities by 2.5% during the 2nd quarter. Alps Advisors Inc. now owns 2,708 shares of the real estate investment trust’s stock worth $526,000 after buying an additional 66 shares during the last quarter. Finally, Aurora Investment Managers LLC. raised its position in AvalonBay Communities by 1.4% during the 3rd quarter. Aurora Investment Managers LLC. now owns 4,738 shares of the real estate investment trust’s stock worth $873,000 after buying an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 87.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AVB shares. Deutsche Bank Aktiengesellschaft downgraded shares of AvalonBay Communities from a “buy” rating to a “hold” rating and cut their price target for the company from $194.00 to $179.00 in a report on Wednesday, January 4th. Truist Financial upgraded shares of AvalonBay Communities from a “hold” rating to a “buy” rating and increased their price target for the company from $186.00 to $190.00 in a report on Tuesday, January 17th. StockNews.com started coverage on shares of AvalonBay Communities in a report on Thursday. They issued a “hold” rating for the company. Morgan Stanley increased their price target on shares of AvalonBay Communities from $187.00 to $190.00 and gave the company an “equal weight” rating in a report on Wednesday, March 1st. Finally, KeyCorp cut their price target on shares of AvalonBay Communities from $237.00 to $193.00 and set an “overweight” rating for the company in a report on Wednesday, December 7th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, AvalonBay Communities presently has an average rating of “Hold” and a consensus target price of $202.78.

AvalonBay Communities Price Performance

AvalonBay Communities stock opened at $165.46 on Friday. AvalonBay Communities, Inc. has a 12-month low of $157.69 and a 12-month high of $259.05. The stock has a market capitalization of $23.15 billion, a P/E ratio of 20.40, a P/E/G ratio of 3.10 and a beta of 0.90. The firm’s 50-day moving average is $173.54 and its two-hundred day moving average is $176.03. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.04 and a quick ratio of 2.04.

AvalonBay Communities Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Friday, March 31st will be paid a dividend of $1.65 per share. This is a boost from AvalonBay Communities’s previous quarterly dividend of $1.59. This represents a $6.60 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Thursday, March 30th. AvalonBay Communities’s dividend payout ratio (DPR) is currently 78.42%.

AvalonBay Communities Profile

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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: Established Communities, Other Stabilized Communities, and Development or Redevelopment Communities.

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Institutional Ownership by Quarter for AvalonBay Communities (NYSE:AVB)

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