SG Americas Securities LLC Has $1.33 Million Holdings in AvalonBay Communities, Inc. $AVB

SG Americas Securities LLC increased its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 66.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,893 shares of the real estate investment trust’s stock after acquiring an additional 2,743 shares during the quarter. SG Americas Securities LLC’s holdings in AvalonBay Communities were worth $1,332,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of AVB. Vanguard Group Inc. increased its holdings in shares of AvalonBay Communities by 0.6% during the second quarter. Vanguard Group Inc. now owns 22,800,375 shares of the real estate investment trust’s stock worth $4,639,876,000 after purchasing an additional 127,693 shares during the period. State Street Corp grew its position in AvalonBay Communities by 2.0% during the second quarter. State Street Corp now owns 9,445,499 shares of the real estate investment trust’s stock worth $1,938,326,000 after buying an additional 182,952 shares in the last quarter. Norges Bank bought a new position in AvalonBay Communities during the 2nd quarter worth $1,394,225,000. JPMorgan Chase & Co. increased its stake in AvalonBay Communities by 4.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,966,650 shares of the real estate investment trust’s stock worth $807,220,000 after acquiring an additional 152,220 shares during the period. Finally, Geode Capital Management LLC raised its holdings in AvalonBay Communities by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 3,875,614 shares of the real estate investment trust’s stock valued at $785,551,000 after acquiring an additional 57,599 shares in the last quarter. Institutional investors own 92.61% of the company’s stock.

AvalonBay Communities Stock Up 0.9%

AVB stock opened at $182.47 on Friday. The firm has a 50-day moving average price of $179.94 and a 200-day moving average price of $187.60. AvalonBay Communities, Inc. has a 12 month low of $166.73 and a 12 month high of $230.21. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $25.84 billion, a P/E ratio of 22.28, a price-to-earnings-growth ratio of 3.07 and a beta of 0.75.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $2.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 in the prior year, the company earned $2.74 earnings per share. As a group, equities research analysts anticipate that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $7.00 annualized dividend and a dividend yield of 3.8%. AvalonBay Communities’s dividend payout ratio (DPR) is 85.47%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Truist Financial reduced their target price on AvalonBay Communities from $218.00 to $205.00 and set a “buy” rating on the stock in a report on Tuesday, December 2nd. Piper Sandler reduced their price objective on shares of AvalonBay Communities from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Wells Fargo & Company decreased their target price on shares of AvalonBay Communities from $213.00 to $193.00 and set an “overweight” rating on the stock in a report on Monday, November 10th. Evercore ISI restated an “in-line” rating and issued a $214.00 target price on shares of AvalonBay Communities in a research report on Monday, November 3rd. Finally, UBS Group reduced their price target on shares of AvalonBay Communities from $192.00 to $191.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Six analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, AvalonBay Communities has an average rating of “Hold” and a consensus price target of $205.89.

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.