AvalonBay Communities, Inc. (NYSE:AVB) Shares Bought by Nordea Investment Management AB

Posted by on May 13th, 2023

Nordea Investment Management AB grew its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB – Get Rating) by 14.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 10,139 shares of the real estate investment trust’s stock after acquiring an additional 1,285 shares during the period. Nordea Investment Management AB’s holdings in AvalonBay Communities were worth $1,636,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Parkside Financial Bank & Trust lifted its position in shares of AvalonBay Communities by 100.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 144 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 72 shares during the last quarter. Adirondack Retirement Specialists Inc. acquired a new stake in shares of AvalonBay Communities during the 3rd quarter valued at $38,000. CVA Family Office LLC lifted its position in shares of AvalonBay Communities by 1,333.3% during the 3rd quarter. CVA Family Office LLC now owns 215 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 200 shares during the last quarter. IFP Advisors Inc lifted its position in shares of AvalonBay Communities by 51.9% during the 3rd quarter. IFP Advisors Inc now owns 243 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 83 shares during the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of AvalonBay Communities during the 1st quarter valued at $69,000. Institutional investors and hedge funds own 87.30% of the company’s stock.

AvalonBay Communities Stock Down 0.1 %

AVB stock opened at $180.18 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.04 and a quick ratio of 2.04. AvalonBay Communities, Inc. has a 52-week low of $153.07 and a 52-week high of $220.42. The company has a 50-day moving average of $170.32 and a two-hundred day moving average of $170.47. The stock has a market capitalization of $25.59 billion, a price-to-earnings ratio of 24.72, a price-to-earnings-growth ratio of 3.23 and a beta of 0.92.

Wall Street Analyst Weigh In

AVB has been the topic of several recent analyst reports. Royal Bank of Canada boosted their target price on shares of AvalonBay Communities from $186.00 to $189.00 and gave the company a “sector perform” rating in a research note on Friday, February 10th. Citigroup boosted their target price on shares of AvalonBay Communities from $185.00 to $195.00 and gave the company a “neutral” rating in a research note on Tuesday, February 14th. TheStreet raised shares of AvalonBay Communities from a “c+” rating to a “b” rating in a research note on Wednesday, April 19th. Wells Fargo & Company initiated coverage on shares of AvalonBay Communities in a research note on Wednesday, March 29th. They set an “overweight” rating and a $184.00 target price on the stock. Finally, Piper Sandler raised shares of AvalonBay Communities from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $160.00 to $193.00 in a research note on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $202.95.

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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