Mufg Securities Americas Inc. Makes New Investment in AvalonBay Communities, Inc. (NYSE:AVB)

Mufg Securities Americas Inc. bought a new stake in AvalonBay Communities, Inc. (NYSE:AVB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,097 shares of the real estate investment trust’s stock, valued at approximately $461,000.

Several other institutional investors have also recently made changes to their positions in AVB. JPMorgan Chase & Co. boosted its holdings in AvalonBay Communities by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,060,497 shares of the real estate investment trust’s stock valued at $914,627,000 after acquiring an additional 55,588 shares during the period. Wedmont Private Capital boosted its stake in shares of AvalonBay Communities by 5.3% during the fourth quarter. Wedmont Private Capital now owns 1,094 shares of the real estate investment trust’s stock valued at $231,000 after purchasing an additional 55 shares during the period. USA Financial Formulas purchased a new stake in shares of AvalonBay Communities during the fourth quarter valued at $1,093,000. Contravisory Investment Management Inc. bought a new position in shares of AvalonBay Communities in the fourth quarter worth about $7,978,000. Finally, Procyon Advisors LLC increased its stake in AvalonBay Communities by 6.9% in the 4th quarter. Procyon Advisors LLC now owns 16,137 shares of the real estate investment trust’s stock worth $3,550,000 after buying an additional 1,038 shares during the period. Institutional investors own 92.61% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on AVB shares. Evercore ISI increased their price objective on AvalonBay Communities from $230.00 to $240.00 and gave the stock an “in-line” rating in a research note on Monday, February 10th. Piper Sandler cut their price target on AvalonBay Communities from $265.00 to $255.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. Royal Bank of Canada decreased their price objective on AvalonBay Communities from $223.00 to $220.00 and set a “sector perform” rating for the company in a report on Thursday, May 8th. Scotiabank increased their target price on shares of AvalonBay Communities from $241.00 to $251.00 and gave the stock a “sector perform” rating in a report on Monday. Finally, Morgan Stanley boosted their price target on shares of AvalonBay Communities from $226.00 to $228.00 and gave the company an “equal weight” rating in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, AvalonBay Communities currently has an average rating of “Hold” and a consensus price target of $239.93.

AvalonBay Communities Stock Performance

Shares of AvalonBay Communities stock opened at $205.52 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.68. AvalonBay Communities, Inc. has a 52 week low of $180.40 and a 52 week high of $239.29. The firm’s 50 day moving average is $205.83 and its two-hundred day moving average is $216.92. The firm has a market capitalization of $29.26 billion, a P/E ratio of 27.08, a P/E/G ratio of 3.11 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB) last announced its earnings results on Wednesday, April 30th. The real estate investment trust reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.80 by $0.03. The firm had revenue of $693.43 million during the quarter, compared to analysts’ expectations of $744.61 million. AvalonBay Communities had a return on equity of 9.15% and a net margin of 37.13%. During the same period in the prior year, the firm earned $2.70 EPS. Research analysts forecast that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Company 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.