American Century Companies Inc. Raises Stake in AvalonBay Communities, Inc. $AVB

American Century Companies Inc. boosted its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 5.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 269,301 shares of the real estate investment trust’s stock after buying an additional 13,400 shares during the quarter. American Century Companies Inc. owned approximately 0.19% of AvalonBay Communities worth $54,803,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in AVB. Vanguard Group Inc. grew its position in shares of AvalonBay Communities by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 22,800,375 shares of the real estate investment trust’s stock valued at $4,639,876,000 after acquiring an additional 127,693 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in AvalonBay Communities by 7.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,520,036 shares of the real estate investment trust’s stock valued at $1,184,712,000 after purchasing an additional 367,853 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in AvalonBay Communities by 4.0% during the second quarter. JPMorgan Chase & Co. now owns 3,966,650 shares of the real estate investment trust’s stock valued at $807,220,000 after purchasing an additional 152,220 shares during the period. Geode Capital Management LLC grew its holdings in AvalonBay Communities by 1.5% during the second quarter. Geode Capital Management LLC now owns 3,875,614 shares of the real estate investment trust’s stock valued at $785,551,000 after purchasing an additional 57,599 shares during the period. Finally, Northern Trust Corp increased its position in AvalonBay Communities by 5.2% in the first quarter. Northern Trust Corp now owns 2,779,484 shares of the real estate investment trust’s stock worth $596,533,000 after buying an additional 136,741 shares during the last quarter. Institutional investors own 92.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AVB. Evercore ISI reiterated an “in-line” rating and set a $214.00 price target on shares of AvalonBay Communities in a research note on Monday, November 3rd. Cantor Fitzgerald initiated coverage on shares of AvalonBay Communities in a research report on Wednesday, October 1st. They set a “neutral” rating and a $205.00 target price for the company. BNP Paribas downgraded shares of AvalonBay Communities from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Truist Financial raised shares of AvalonBay Communities from a “hold” rating to a “buy” rating and lowered their price target for the company from $224.00 to $218.00 in a research report on Thursday, September 11th. Finally, Royal Bank Of Canada cut their price objective on shares of AvalonBay Communities from $202.00 to $197.00 and set a “sector perform” rating for the company in a report on Tuesday, November 4th. Six research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $207.73.

AvalonBay Communities Trading Up 0.2%

Shares of AVB stock opened at $181.94 on Friday. The company has a market capitalization of $25.76 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 2.54 and a beta of 0.84. AvalonBay Communities, Inc. has a 52-week low of $166.73 and a 52-week high of $239.29. The business’s fifty day moving average is $184.04 and its 200 day moving average is $193.76. 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 earnings results on Thursday, October 30th. The real estate investment trust reported $2.75 EPS for the quarter, missing the consensus estimate of $2.81 by ($0.06). AvalonBay Communities had a return on equity of 9.75% and a net margin of 38.78%.The business had revenue of $766.80 million for the quarter, compared to analysts’ expectations of $766.22 million. During the same quarter in the previous year, the firm earned $2.74 earnings per share. On average, equities research analysts anticipate that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Wednesday, December 31st. AvalonBay Communities’s dividend payout ratio is 85.47%.

AvalonBay Communities 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.