Klein Pavlis & Peasley Financial Inc. Acquires 4,196 Shares of AvalonBay Communities, Inc. $AVB

Klein Pavlis & Peasley Financial Inc. raised its holdings in AvalonBay Communities, Inc. (NYSE:AVB) by 60.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,124 shares of the real estate investment trust’s stock after buying an additional 4,196 shares during the period. AvalonBay Communities accounts for about 1.3% of Klein Pavlis & Peasley Financial Inc.’s portfolio, making the stock its 26th largest holding. Klein Pavlis & Peasley Financial Inc.’s holdings in AvalonBay Communities were worth $2,149,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Empowered Funds LLC increased its position in shares of AvalonBay Communities by 5.7% in the first quarter. Empowered Funds LLC now owns 2,723 shares of the real estate investment trust’s stock valued at $584,000 after acquiring an additional 148 shares during the last quarter. Parallel Advisors LLC grew its stake in AvalonBay Communities by 15.7% in the second quarter. Parallel Advisors LLC now owns 1,163 shares of the real estate investment trust’s stock valued at $237,000 after purchasing an additional 158 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of AvalonBay Communities by 20.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the real estate investment trust’s stock worth $97,000 after purchasing an additional 80 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of AvalonBay Communities by 2.9% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 49,878 shares of the real estate investment trust’s stock worth $10,150,000 after purchasing an additional 1,402 shares in the last quarter. Finally, Swedbank AB boosted its holdings in shares of AvalonBay Communities by 1.7% in the 2nd quarter. Swedbank AB now owns 62,638 shares of the real estate investment trust’s stock valued at $12,747,000 after buying an additional 1,050 shares during the last quarter. 92.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on AVB shares. Cantor Fitzgerald initiated coverage on shares of AvalonBay Communities in a report on Wednesday, October 1st. They set a “neutral” rating and a $205.00 target price on the stock. Mizuho decreased their price objective on shares of AvalonBay Communities from $199.00 to $191.00 and set a “neutral” rating for the company in a research report on Monday, November 24th. BNP Paribas Exane cut shares of AvalonBay Communities from an “outperform” rating to a “neutral” rating in a report on Monday, September 29th. BNP Paribas downgraded shares of AvalonBay Communities from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Finally, Piper Sandler reduced their price target on AvalonBay Communities from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. Six research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $205.89.

AvalonBay Communities Stock Performance

Shares of AVB stock opened at $182.47 on Friday. AvalonBay Communities, Inc. has a 52 week low of $166.73 and a 52 week high of $230.21. The company has a market capitalization of $25.84 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 3.07 and a beta of 0.75. The company has a 50-day simple moving average of $179.94 and a 200 day simple moving average of $187.60. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.67 and a current ratio of 0.67.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $2.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.81 by ($0.06). AvalonBay Communities had a return on equity of 9.72% and a net margin of 38.78%.The company had revenue of $766.80 million for the quarter, compared to analyst estimates of $766.22 million. During the same quarter last year, the business earned $2.74 earnings per share. On average, sell-side analysts predict that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

AvalonBay Communities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Wednesday, December 31st. AvalonBay Communities’s dividend payout ratio (DPR) is presently 85.47%.

AvalonBay Communities Profile

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.