Boston Trust Walden Corp Grows Holdings in AvalonBay Communities, Inc. (NYSE:AVB)

Posted by on Mar 30th, 2023

Boston Trust Walden Corp increased its holdings in AvalonBay Communities, Inc. (NYSE:AVB – Get Rating) by 18.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,715 shares of the real estate investment trust’s stock after acquiring an additional 9,135 shares during the quarter. Boston Trust Walden Corp’s holdings in AvalonBay Communities were worth $9,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of AVB. Pallas Capital Advisors LLC bought a new position in shares of AvalonBay Communities during the third quarter valued at approximately $1,008,000. Alta Advisers Ltd bought a new position in AvalonBay Communities during the 3rd quarter valued at approximately $92,000. Treasurer of the State of North Carolina raised its stake in AvalonBay Communities by 1.2% during the third quarter. Treasurer of the State of North Carolina now owns 61,754 shares of the real estate investment trust’s stock valued at $11,374,000 after buying an additional 750 shares during the last quarter. Mayflower Financial Advisors LLC boosted its holdings in AvalonBay Communities by 16.2% in the third quarter. Mayflower Financial Advisors LLC now owns 3,774 shares of the real estate investment trust’s stock worth $695,000 after acquiring an additional 527 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its stake in shares of AvalonBay Communities by 9.4% in the third quarter. Glenmede Trust Co. NA now owns 2,011 shares of the real estate investment trust’s stock worth $369,000 after acquiring an additional 172 shares during the last quarter. 87.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wells Fargo & Company initiated coverage on AvalonBay Communities in a research report on Wednesday. They issued an “overweight” rating and a $184.00 price target for the company. JPMorgan Chase & Co. cut shares of AvalonBay Communities from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $206.00 to $197.00 in a report on Friday, December 16th. Barclays increased their price target on shares of AvalonBay Communities from $175.00 to $186.00 and gave the company an “equal weight” rating in a report on Wednesday, March 1st. Deutsche Bank Aktiengesellschaft lowered shares of AvalonBay Communities from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $194.00 to $179.00 in a report on Wednesday, January 4th. Finally, Morgan Stanley increased their target price on AvalonBay Communities from $187.00 to $190.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 1st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, AvalonBay Communities presently has an average rating of “Hold” and a consensus price target of $201.79.

AvalonBay Communities Stock Up 3.1 %

Shares of AVB stock opened at $162.20 on Thursday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.74. AvalonBay Communities, Inc. has a 12 month low of $153.07 and a 12 month high of $259.05. The stock has a market cap of $22.70 billion, a P/E ratio of 20.00, a P/E/G ratio of 2.92 and a beta of 0.90. The company has a 50 day simple moving average of $172.09 and a two-hundred day simple moving average of $172.84.

AvalonBay Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be paid a $1.65 dividend. This represents a $6.60 annualized dividend and a dividend yield of 4.07%. This is a positive change from AvalonBay Communities’s previous quarterly dividend of $1.59. The ex-dividend date of this dividend is Thursday, March 30th. AvalonBay Communities’s dividend payout ratio is 78.42%.

AvalonBay Communities Company Profile

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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: Established Communities, Other Stabilized Communities, and Development or Redevelopment Communities.

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

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