Two Sigma Investments LP Increases Stock Holdings in AvalonBay Communities, Inc. (NYSE:AVB)

Two Sigma Investments LP increased its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 12.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,512 shares of the real estate investment trust’s stock after purchasing an additional 697 shares during the quarter. Two Sigma Investments LP’s holdings in AvalonBay Communities were worth $1,432,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVB. Ancora Advisors LLC boosted its stake in AvalonBay Communities by 1,666.7% in the 4th quarter. Ancora Advisors LLC now owns 159 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 150 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in AvalonBay Communities during the 4th quarter worth approximately $36,000. Crowley Wealth Management Inc. acquired a new position in AvalonBay Communities during the 4th quarter worth approximately $44,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of AvalonBay Communities in the 4th quarter valued at approximately $53,000. Finally, CoreCap Advisors LLC increased its holdings in shares of AvalonBay Communities by 58.9% in the 4th quarter. CoreCap Advisors LLC now owns 251 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 92.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AVB. Mizuho lowered their price target on AvalonBay Communities from $238.00 to $213.00 and set an “outperform” rating for the company in a report on Friday, May 23rd. Wall Street Zen cut AvalonBay Communities from a “hold” rating to a “sell” rating in a research note on Saturday. Piper Sandler lowered their target price on AvalonBay Communities from $265.00 to $255.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. Truist Financial upped their price target on shares of AvalonBay Communities from $229.00 to $230.00 and gave the company a “hold” rating in a report on Monday, March 10th. Finally, BMO Capital Markets downgraded shares of 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, AvalonBay Communities currently has an average rating of “Hold” and a consensus price target of $237.86.

AvalonBay Communities Price Performance

NYSE AVB opened at $204.00 on Wednesday. The firm has a market capitalization of $29.04 billion, a price-to-earnings ratio of 26.88, a price-to-earnings-growth ratio of 3.11 and a beta of 0.86. The company has a 50 day simple moving average of $203.89 and a 200-day simple moving average of $214.77. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.64 and a quick ratio of 1.64. AvalonBay Communities, Inc. has a 52-week low of $180.40 and a 52-week high of $239.29.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $2.83 earnings per share for the quarter, topping analysts’ consensus estimates of $2.80 by $0.03. AvalonBay Communities had a net margin of 37.13% and a return on equity of 9.15%. The business had revenue of $693.43 million during the quarter, compared to analysts’ expectations of $744.61 million. During the same period in the previous year, the company earned $2.70 earnings per share. Equities research analysts predict that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Monday, June 30th. AvalonBay Communities’s payout ratio is 87.17%.

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.