AvalonBay Communities (NYSE:AVB) Given New $191.00 Price Target at Mizuho

AvalonBay Communities (NYSE:AVB) had its price target trimmed by Mizuho from $199.00 to $191.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

A number of other analysts have also issued reports on AVB. Morgan Stanley dropped their price target on shares of AvalonBay Communities from $225.00 to $222.50 and set an “overweight” rating for the company in a research note on Thursday, November 13th. Piper Sandler lowered their price target on AvalonBay Communities from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Truist Financial raised AvalonBay Communities from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $224.00 to $218.00 in a research note on Thursday, September 11th. Royal Bank Of Canada decreased their price target on AvalonBay Communities from $202.00 to $197.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 4th. Finally, Barclays upped their price target on AvalonBay Communities from $228.00 to $229.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 30th. Five equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $208.73.

AvalonBay Communities Stock Down 0.2%

Shares of NYSE AVB opened at $180.30 on Monday. AvalonBay Communities has a 1 year low of $166.73 and a 1 year high of $239.29. The firm’s 50 day moving average price is $184.70 and its 200 day moving average price is $194.09. The firm has a market cap of $25.53 billion, a P/E ratio of 22.01, a price-to-earnings-growth ratio of 2.54 and a beta of 0.84. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.70 and a current ratio of 0.70.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.81 by ($0.06). The company had revenue of $766.80 million for the quarter, compared to analysts’ expectations of $766.22 million. AvalonBay Communities had a return on equity of 9.75% and a net margin of 38.78%.During the same period in the prior year, the business earned $2.74 EPS. As a group, sell-side analysts anticipate that AvalonBay Communities will post 11.48 earnings per share for the current year.

AvalonBay Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, December 31st. AvalonBay Communities’s dividend payout ratio (DPR) is presently 85.47%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AVB. Mather Group LLC. bought a new position in shares of AvalonBay Communities in the third quarter valued at approximately $30,000. Clearstead Trust LLC grew its holdings in shares of AvalonBay Communities by 62.0% in the 2nd quarter. Clearstead Trust LLC now owns 162 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 62 shares during the period. BOKF NA acquired a new position in shares of AvalonBay Communities in the 3rd quarter valued at approximately $31,000. AlphaQuest LLC acquired a new position in AvalonBay Communities in the 3rd quarter worth $33,000. Finally, Headlands Technologies LLC acquired a new position in AvalonBay Communities during the 2nd quarter worth approximately $36,000. 92.61% of the stock is currently owned by institutional investors and hedge funds.

About AvalonBay Communities

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.