National Pension Service Has $44.07 Million Stock Position in AvalonBay Communities, Inc. $AVB

National Pension Service increased its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 3.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 228,155 shares of the real estate investment trust’s stock after purchasing an additional 7,883 shares during the period. National Pension Service owned 0.16% of AvalonBay Communities worth $44,073,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of AVB. Empowered Funds LLC increased its holdings in shares of AvalonBay Communities by 5.7% during the 1st quarter. Empowered Funds LLC now owns 2,723 shares of the real estate investment trust’s stock worth $584,000 after acquiring an additional 148 shares during the last quarter. Truist Financial Corp increased its holdings in shares of AvalonBay Communities by 44.6% in the second quarter. Truist Financial Corp now owns 11,410 shares of the real estate investment trust’s stock valued at $2,322,000 after purchasing an additional 3,518 shares during the last quarter. PFG Investments LLC increased its holdings in shares of AvalonBay Communities by 8.0% in the second quarter. PFG Investments LLC now owns 1,395 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 103 shares during the last quarter. Hilltop National Bank bought a new position in shares of AvalonBay Communities in the second quarter valued at about $58,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of AvalonBay Communities during the 2nd quarter worth about $133,000. Institutional investors own 92.61% of the company’s stock.

AvalonBay Communities Price Performance

Shares of NYSE AVB opened at $175.20 on Tuesday. The business has a fifty day moving average price of $179.74 and a two-hundred day moving average price of $185.46. The stock has a market capitalization of $24.81 billion, a PE ratio of 21.39, a P/E/G ratio of 3.04 and a beta of 0.75. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.67 and a quick ratio of 0.67. AvalonBay Communities, Inc. has a fifty-two week low of $166.73 and a fifty-two week high of $230.21.

AvalonBay Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Wednesday, December 31st. AvalonBay Communities’s dividend payout ratio (DPR) is currently 85.47%.

Analysts Set New Price Targets

A number of brokerages recently commented on AVB. Wells Fargo & Company decreased their price target on shares of AvalonBay Communities from $213.00 to $193.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. Mizuho reduced their price objective on AvalonBay Communities from $199.00 to $191.00 and set a “neutral” rating for the company in a report on Monday, November 24th. Deutsche Bank Aktiengesellschaft lowered AvalonBay Communities from a “buy” rating to a “hold” rating and set a $172.00 target price on the stock. in a research note on Tuesday, January 20th. Morgan Stanley reduced their price target on AvalonBay Communities from $225.00 to $222.50 and set an “overweight” rating for the company in a research note on Thursday, November 13th. Finally, Truist Financial decreased their price objective on AvalonBay Communities from $205.00 to $203.00 and set a “buy” rating on the stock in a report on Tuesday, January 20th. Six investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $203.50.

About AvalonBay Communities

AvalonBay Communities, Inc (NYSE: AVB) is a publicly traded real estate investment trust (REIT) that owns, develops, redevelops and manages multifamily residential properties. The company focuses on professionally managed apartment communities, offering a range of rental housing options and related resident services. As a REIT, AvalonBay’s core activities center on the acquisition and development of apartment assets and the ongoing operations and leasing of those communities.

AvalonBay’s operating activities include ground-up development, strategic redevelopment of existing properties, property and asset management, and on-site leasing and resident services.