UniSuper Management Pty Ltd Has $11.77 Million Holdings in AvalonBay Communities, Inc. (NYSE:AVB)

UniSuper Management Pty Ltd boosted its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 5.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,483 shares of the real estate investment trust’s stock after buying an additional 2,771 shares during the period. UniSuper Management Pty Ltd’s holdings in AvalonBay Communities were worth $11,765,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Wedmont Private Capital boosted its position in shares of AvalonBay Communities by 5.3% during the 4th quarter. Wedmont Private Capital now owns 1,094 shares of the real estate investment trust’s stock worth $231,000 after acquiring an additional 55 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of AvalonBay Communities by 4.0% in the 4th quarter. Signaturefd LLC now owns 1,616 shares of the real estate investment trust’s stock valued at $356,000 after purchasing an additional 62 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of AvalonBay Communities by 2.6% in the 4th quarter. Private Advisor Group LLC now owns 2,512 shares of the real estate investment trust’s stock valued at $553,000 after purchasing an additional 63 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of AvalonBay Communities by 0.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,179 shares of the real estate investment trust’s stock valued at $2,679,000 after purchasing an additional 69 shares during the last quarter. Finally, Greenleaf Trust raised its holdings in shares of AvalonBay Communities by 2.4% during the 4th quarter. Greenleaf Trust now owns 3,028 shares of the real estate investment trust’s stock worth $666,000 after buying an additional 70 shares in the last quarter. 92.61% of the stock is owned by institutional investors.

AvalonBay Communities Price Performance

AvalonBay Communities stock opened at $213.18 on Friday. The firm has a market cap of $30.33 billion, a P/E ratio of 28.09, a P/E/G ratio of 3.11 and a beta of 1.00. The stock’s 50 day moving average is $217.60 and its 200 day moving average is $222.58. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.64 and a quick ratio of 1.64. AvalonBay Communities, Inc. has a one year low of $177.40 and a one year high of $239.29.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.80 EPS for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.03). AvalonBay Communities had a net margin of 37.13% and a return on equity of 9.15%. As a group, research analysts expect that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $1.75 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from AvalonBay Communities’s previous quarterly dividend of $1.70. This represents a $7.00 annualized dividend and a dividend yield of 3.28%. AvalonBay Communities’s dividend payout ratio (DPR) is 92.23%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AVB shares. Mizuho raised AvalonBay Communities from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $239.00 to $242.00 in a research note on Monday, January 6th. Morgan Stanley lowered shares of AvalonBay Communities from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $236.00 to $223.00 in a report on Friday, January 24th. Barclays dropped their price objective on shares of AvalonBay Communities from $230.00 to $226.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. Truist Financial boosted their target price on shares of AvalonBay Communities from $229.00 to $230.00 and gave the stock a “hold” rating in a research note on Monday, March 10th. Finally, Evercore ISI increased their price target on AvalonBay Communities from $230.00 to $240.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $238.64.

AvalonBay Communities Profile

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: Same Store, Other Stabilized, and Development or Redevelopment. The Same Store segment refers to the operating communities that were owned and had stabilized occupancy.