VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in AvalonBay Communities, Inc. (NYSE:AVB – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 105,370 shares of the real estate investment trust’s stock, valued at approximately $19,882,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.07% of AvalonBay Communities as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in AVB. California State Teachers Retirement System boosted its stake in AvalonBay Communities by 18,233.0% in the 2nd quarter. California State Teachers Retirement System now owns 42,028,433 shares of the real estate investment trust’s stock worth $7,930,345,000 after buying an additional 41,799,183 shares during the last quarter. Readystate Asset Management LP purchased a new stake in AvalonBay Communities in the 2nd quarter valued at about $4,997,000. Figure 8 Investment Strategies LLC increased its stake in shares of AvalonBay Communities by 6.0% during the 2nd quarter. Figure 8 Investment Strategies LLC now owns 4,230 shares of the real estate investment trust’s stock valued at $798,000 after acquiring an additional 241 shares during the last quarter. HB Wealth Management LLC increased its stake in shares of AvalonBay Communities by 34.2% during the 2nd quarter. HB Wealth Management LLC now owns 3,853 shares of the real estate investment trust’s stock valued at $727,000 after acquiring an additional 981 shares during the last quarter. Finally, Saudi Central Bank lifted its holdings in shares of AvalonBay Communities by 86.3% during the 2nd quarter. Saudi Central Bank now owns 9,738 shares of the real estate investment trust’s stock worth $1,837,000 after acquiring an additional 4,512 shares during the period. 92.61% of the stock is currently owned by institutional investors and hedge funds.
AvalonBay Communities Stock Performance
NYSE AVB opened at $184.06 on Tuesday. AvalonBay Communities, Inc. has a one year low of $160.10 and a one year high of $198.63. The company’s 50 day moving average price is $187.82 and its 200 day moving average price is $181.12. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market capitalization of $26.28 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 2.98 and a beta of 0.76.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the stock. Jefferies Financial Group raised shares of AvalonBay Communities to a “hold” rating in a research report on Wednesday, July 22nd. Piper Sandler upped their price target on shares of AvalonBay Communities from $195.00 to $210.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Weiss Ratings downgraded shares of AvalonBay Communities from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Scotiabank lifted their price target on shares of AvalonBay Communities from $187.00 to $195.00 and gave the company a “sector perform” rating in a report on Thursday, July 9th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $190.00 price objective on shares of AvalonBay Communities in a research note on Wednesday, August 19th. Three analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $196.87.
Get Our Latest Stock Analysis on AvalonBay Communities
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.
Read More
- Five stocks we like better than AvalonBay Communities
- 3 Under-the-Radar Defense Stocks With Record Backlogs
- This Korea ETF Has Soared, But the Rally May Not Be Over
- Why Guidewire’s Post-Earnings Plunge May Not Last
- Ride-Share Reckoning: Tesla Drives Into Uber’s Lane
Receive News & Ratings for AvalonBay Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AvalonBay Communities and related companies with MarketBeat.com's FREE daily email newsletter.
