Weekly Analysts’ Ratings Updates for AvalonBay Communities (AVB)

Posted by on Jun 7th, 2023

Several analysts have recently updated their ratings and price targets for AvalonBay Communities (NYSE: AVB):

  • 5/31/2023 – AvalonBay Communities had its price target raised by analysts at Barclays PLC from $186.00 to $195.00.
  • 5/19/2023 – AvalonBay Communities had its “maintains” rating reaffirmed by analysts at 888 Holdings plc.
  • 5/19/2023 – AvalonBay Communities had its price target raised by analysts at Mizuho from $188.00 to $190.00.
  • 5/18/2023 – AvalonBay Communities is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
  • 5/15/2023 – AvalonBay Communities was upgraded by analysts at Bank of America Co. from a “neutral” rating to a “buy” rating. They now have a $212.00 price target on the stock, up previously from $199.00.
  • 5/1/2023 – AvalonBay Communities was upgraded by analysts at Piper Sandler from an “underweight” rating to a “neutral” rating. They now have a $193.00 price target on the stock, up previously from $160.00.
  • 4/19/2023 – AvalonBay Communities was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating.
  • 4/10/2023 – AvalonBay Communities was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating. They now have a $194.00 price target on the stock.

AvalonBay Communities Trading Up 0.9 %

NYSE:AVB opened at $183.09 on Wednesday. The company’s 50 day moving average price is $174.16 and its 200-day moving average price is $171.28. AvalonBay Communities, Inc. has a 52 week low of $153.07 and a 52 week high of $220.42. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.72. The stock has a market cap of $26.00 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 3.02 and a beta of 0.92.

AvalonBay Communities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be issued a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date is Thursday, June 29th. AvalonBay Communities’s payout ratio is 90.54%.

Insider Activity

In related news, CIO Matthew H. Birenbaum sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $176.10, for a total value of $704,400.00. Following the sale, the executive now owns 62,559 shares in the company, valued at $11,016,639.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.42% of the company’s stock.

Institutional Investors Weigh In On AvalonBay Communities

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. raised its position in AvalonBay Communities by 21,229.8% in the fourth quarter. Pacer Advisors Inc. now owns 60,790 shares of the real estate investment trust’s stock worth $9,819,000 after acquiring an additional 60,505 shares during the period. Glenmede Trust Co. NA raised its position in 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 period. Tredje AP fonden raised its position in AvalonBay Communities by 11.9% in the fourth quarter. Tredje AP fonden now owns 7,538 shares of the real estate investment trust’s stock worth $1,218,000 after acquiring an additional 800 shares during the period. Baker Tilly Wealth Management LLC bought a new position in AvalonBay Communities in the fourth quarter worth approximately $1,154,000. Finally, Janney Montgomery Scott LLC raised its position in AvalonBay Communities by 427.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 32,484 shares of the real estate investment trust’s stock worth $5,247,000 after acquiring an additional 26,328 shares during the period. Hedge funds and other institutional investors own 87.30% of the company’s stock.

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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