Achmea Investment Management B.V. Purchases 6,922 Shares of AvalonBay Communities, Inc. (NYSE:AVB)

Achmea Investment Management B.V. boosted its position in AvalonBay Communities, Inc. (NYSE:AVB) by 66.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,277 shares of the real estate investment trust’s stock after purchasing an additional 6,922 shares during the period. Achmea Investment Management B.V.’s holdings in AvalonBay Communities were worth $3,800,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Stratos Wealth Partners LTD. increased its position in shares of AvalonBay Communities by 29.6% during the fourth quarter. Stratos Wealth Partners LTD. now owns 1,260 shares of the real estate investment trust’s stock worth $277,000 after acquiring an additional 288 shares during the period. JPMorgan Chase & Co. increased its position in shares of AvalonBay Communities by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 4,060,497 shares of the real estate investment trust’s stock worth $914,627,000 after acquiring an additional 55,588 shares during the period. West Oak Capital LLC increased its position in shares of AvalonBay Communities by 875.3% during the fourth quarter. West Oak Capital LLC now owns 15,800 shares of the real estate investment trust’s stock worth $356,000 after acquiring an additional 14,180 shares during the period. Portfolio Design Labs LLC increased its position in shares of AvalonBay Communities by 27.0% during the fourth quarter. Portfolio Design Labs LLC now owns 22,356 shares of the real estate investment trust’s stock worth $4,918,000 after acquiring an additional 4,747 shares during the period. Finally, KBC Group NV increased its position in shares of AvalonBay Communities by 284.8% during the third quarter. KBC Group NV now owns 146,429 shares of the real estate investment trust’s stock worth $32,983,000 after acquiring an additional 108,371 shares during the period. Institutional investors own 92.61% of the company’s stock.

AvalonBay Communities Price Performance

NYSE AVB opened at $209.55 on Friday. The firm’s fifty day simple moving average is $218.02 and its two-hundred day simple moving average is $223.38. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.68. AvalonBay Communities, Inc. has a 12-month low of $177.40 and a 12-month high of $239.29. The firm has a market capitalization of $29.81 billion, a P/E ratio of 27.61, a P/E/G ratio of 3.11 and a beta of 1.00.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.80 EPS for the quarter, missing the consensus estimate of $2.83 by ($0.03). AvalonBay Communities had a return on equity of 9.15% and a net margin of 37.13%. Analysts forecast that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.75 per share. This is an increase from AvalonBay Communities’s previous quarterly dividend of $1.70. This represents a $7.00 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Monday, March 31st. AvalonBay Communities’s payout ratio is presently 92.23%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AVB. JPMorgan Chase & Co. raised shares of AvalonBay Communities from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $247.00 to $262.00 in a research report on Tuesday, December 17th. Morgan Stanley lowered shares of AvalonBay Communities from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $236.00 to $223.00 in a report on Friday, January 24th. Evercore ISI lifted their price objective on shares of AvalonBay Communities from $230.00 to $240.00 and gave the company an “in-line” rating in a report on Monday, February 10th. Mizuho raised shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $239.00 to $242.00 in a report on Monday, January 6th. Finally, Piper Sandler cut their price objective on shares of AvalonBay Communities from $270.00 to $265.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $238.64.

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.