Yousif Capital Management LLC Raises Holdings in AvalonBay Communities, Inc. (NYSE:AVB)

Yousif Capital Management LLC grew its position in AvalonBay Communities, Inc. (NYSE:AVB – Get Rating) by 5.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,209 shares of the real estate investment trust’s stock after buying an additional 1,749 shares during the quarter. Yousif Capital Management LLC’s holdings in AvalonBay Communities were worth $5,202,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Cetera Advisor Networks LLC raised its position in shares of AvalonBay Communities by 8.2% in the 1st quarter. Cetera Advisor Networks LLC now owns 1,485 shares of the real estate investment trust’s stock worth $369,000 after acquiring an additional 113 shares in the last quarter. Private Advisor Group LLC raised its position in shares of AvalonBay Communities by 18.0% in the 1st quarter. Private Advisor Group LLC now owns 2,007 shares of the real estate investment trust’s stock worth $499,000 after acquiring an additional 306 shares in the last quarter. Prudential PLC bought a new position in shares of AvalonBay Communities in the 1st quarter worth $704,000. Cetera Investment Advisers raised its position in shares of AvalonBay Communities by 54.4% in the 1st quarter. Cetera Investment Advisers now owns 5,260 shares of the real estate investment trust’s stock worth $1,306,000 after acquiring an additional 1,853 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. raised its position in shares of AvalonBay Communities by 7.8% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 12,461 shares of the real estate investment trust’s stock worth $3,095,000 after acquiring an additional 901 shares in the last quarter. 87.30% of the stock is currently owned by hedge funds and other institutional investors.

AvalonBay Communities Stock Down 2.4 %

Shares of AVB stock opened at $161.51 on Friday. The stock’s 50-day simple moving average is $173.50 and its 200-day simple moving average is $175.53. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.04 and a current ratio of 2.04. The firm has a market capitalization of $22.60 billion, a PE ratio of 19.91, a P/E/G ratio of 3.12 and a beta of 0.90. AvalonBay Communities, Inc. has a fifty-two week low of $157.69 and a fifty-two week high of $259.05.

AvalonBay Communities Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be paid a $1.65 dividend. This is an increase from AvalonBay Communities’s previous quarterly dividend of $1.59. The ex-dividend date is Thursday, March 30th. This represents a $6.60 dividend on an annualized basis and a dividend yield of 4.09%. AvalonBay Communities’s dividend payout ratio is presently 78.42%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Morgan Stanley boosted their price target on AvalonBay Communities from $187.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 1st. Royal Bank of Canada boosted their price target on AvalonBay Communities from $186.00 to $189.00 and gave the stock a “sector perform” rating in a research report on Friday, February 10th. JPMorgan Chase & Co. lowered AvalonBay Communities from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $206.00 to $197.00 in a research report on Friday, December 16th. Barclays upped their target price on AvalonBay Communities from $175.00 to $186.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 1st. Finally, Truist Financial raised AvalonBay Communities from a “hold” rating to a “buy” rating and upped their target price for the company from $186.00 to $190.00 in a research report on Tuesday, January 17th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, AvalonBay Communities currently has an average rating of “Hold” and a consensus target price of $202.78.

About AvalonBay Communities

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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.