Gotham Asset Management LLC Purchases 28,065 Shares of AvalonBay Communities, Inc. (NYSE:AVB)

Gotham Asset Management LLC grew its holdings in AvalonBay Communities, Inc. (NYSE:AVB) by 126.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,273 shares of the real estate investment trust’s stock after acquiring an additional 28,065 shares during the period. Gotham Asset Management LLC’s holdings in AvalonBay Communities were worth $11,059,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Focus Partners Wealth raised its position in AvalonBay Communities by 96.2% in the fourth quarter. Focus Partners Wealth now owns 4,463 shares of the real estate investment trust’s stock worth $982,000 after acquiring an additional 2,188 shares during the period. Ellevest Inc. raised its stake in shares of AvalonBay Communities by 10.9% in the fourth quarter. Ellevest Inc. now owns 2,019 shares of the real estate investment trust’s stock worth $444,000 after buying an additional 199 shares during the period. Ethic Inc. raised its stake in shares of AvalonBay Communities by 26.1% in the fourth quarter. Ethic Inc. now owns 13,955 shares of the real estate investment trust’s stock worth $3,070,000 after buying an additional 2,892 shares during the period. D. E. Shaw & Co. Inc. raised its stake in shares of AvalonBay Communities by 8.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,094 shares of the real estate investment trust’s stock worth $901,000 after buying an additional 323 shares during the period. Finally, Deutsche Bank AG raised its stake in shares of AvalonBay Communities by 2.7% in the fourth quarter. Deutsche Bank AG now owns 2,019,562 shares of the real estate investment trust’s stock worth $444,243,000 after buying an additional 53,927 shares during the period. 92.61% of the stock is currently owned by institutional investors.

AvalonBay Communities Stock Performance

NYSE:AVB opened at $205.40 on Monday. 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 1 year low of $180.40 and a 1 year high of $239.29. The stock’s 50 day simple moving average is $206.99 and its two-hundred day simple moving average is $217.40. The company has a market cap of $29.24 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 3.11 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB) last posted its earnings results 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 firm had revenue of $693.43 million for the quarter, compared to the consensus estimate of $744.61 million. During the same period in the previous year, the firm posted $2.70 EPS. As a group, equities analysts anticipate that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AVB. Barclays raised their price objective on AvalonBay Communities from $227.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday. Zelman & Associates upgraded shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 13th. Truist Financial raised their price objective on shares of AvalonBay Communities from $229.00 to $230.00 and gave the company a “hold” rating in a research report on Monday, March 10th. BMO Capital Markets downgraded shares of AvalonBay Communities from an “outperform” rating to a “market perform” rating and set a $220.00 price objective on the stock. in a research report on Friday, April 4th. Finally, Royal Bank of Canada decreased their price objective on shares of AvalonBay Communities from $223.00 to $220.00 and set a “sector perform” rating on the stock in a research report on Thursday. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $238.86.

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.