1,092 Shares in AvalonBay Communities, Inc. (NYSE:AVB) Bought by Ieq Capital LLC

Ieq Capital LLC bought a new position in shares of AvalonBay Communities, Inc. (NYSE:AVB) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,092 shares of the real estate investment trust’s stock, valued at approximately $201,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in AvalonBay Communities by 216.2% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 296,286 shares of the real estate investment trust’s stock worth $47,533,000 after purchasing an additional 202,588 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in AvalonBay Communities by 0.7% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 134,982 shares of the real estate investment trust’s stock worth $21,655,000 after purchasing an additional 937 shares during the last quarter. Next Capital Management LLC acquired a new position in AvalonBay Communities during the fourth quarter worth $667,000. Illinois Municipal Retirement Fund boosted its holdings in AvalonBay Communities by 87.0% during the fourth quarter. Illinois Municipal Retirement Fund now owns 10,605 shares of the real estate investment trust’s stock worth $1,701,000 after purchasing an additional 4,934 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in AvalonBay Communities by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,266,981 shares of the real estate investment trust’s stock valued at $363,684,000 after acquiring an additional 10,646 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

NYSE:AVB opened at $197.96 on Monday. AvalonBay Communities, Inc. has a 52 week low of $131.38 and a 52 week high of $199.48. The firm has a market cap of $27.64 billion, a price-to-earnings ratio of 42.57, a P/E/G ratio of 16.32 and a beta of 0.97. The firm’s 50-day simple moving average is $190.33 and its 200 day simple moving average is $173.37. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.51 and a current ratio of 0.51.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings results on Tuesday, April 27th. The real estate investment trust reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.94 by ($0.92). AvalonBay Communities had a return on equity of 6.02% and a net margin of 27.97%. The business had revenue of $497.44 million for the quarter, compared to the consensus estimate of $544.98 million. During the same period in the prior year, the business posted $2.39 earnings per share. AvalonBay Communities’s revenue was down 9.1% compared to the same quarter last year. Sell-side analysts anticipate that AvalonBay Communities, Inc. will post 8.76 EPS for the current year.

A number of analysts have commented on the stock. Royal Bank of Canada assumed coverage on shares of AvalonBay Communities in a research note on Tuesday, March 30th. They issued a “sector perform” rating and a $193.00 price target for the company. TheStreet cut shares of AvalonBay Communities from a “b” rating to a “c+” rating in a research note on Wednesday, April 28th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a $162.00 price target (up previously from $160.00) on shares of AvalonBay Communities in a research note on Tuesday, March 30th. Evercore ISI upgraded shares of AvalonBay Communities from an “in-line” rating to an “outperform” rating in a research note on Monday, May 10th. Finally, Zacks Investment Research upgraded shares of AvalonBay Communities from a “strong sell” rating to a “hold” rating and set a $200.00 price target for the company in a research note on Wednesday, April 14th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $184.63.

About AvalonBay Communities

As of December 31, 2020, the Company owned or held a direct or indirect ownership interest in 291 apartment communities containing 86,025 apartment homes in 11 states and the District of Columbia, of which 18 communities were under development and one community was under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company's expansion markets consisting of Southeast Florida and Denver, Colorado (the "Expansion Markets").

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Institutional Ownership by Quarter for AvalonBay Communities (NYSE:AVB)

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