GSI Capital Advisors LLC Has $5.78 Million Position in AvalonBay Communities, Inc. (NYSE:AVB)

GSI Capital Advisors LLC lessened its stake in AvalonBay Communities, Inc. (NYSE:AVB) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,295 shares of the real estate investment trust’s stock after selling 73 shares during the period. AvalonBay Communities comprises 3.1% of GSI Capital Advisors LLC’s portfolio, making the stock its 17th biggest holding. GSI Capital Advisors LLC’s holdings in AvalonBay Communities were worth $5,784,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Whipplewood Advisors LLC bought a new stake in shares of AvalonBay Communities in the 4th quarter worth approximately $36,000. Crowley Wealth Management Inc. acquired a new position in shares of AvalonBay Communities in the fourth quarter valued at $44,000. Generali Asset Management SPA SGR bought a new position in AvalonBay Communities in the fourth quarter worth $66,000. Catalyst Capital Advisors LLC boosted its stake in AvalonBay Communities by 312.5% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust’s stock worth $80,000 after buying an additional 275 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its holdings in AvalonBay Communities by 42.6% in the 4th quarter. Loomis Sayles & Co. L P now owns 442 shares of the real estate investment trust’s stock valued at $97,000 after buying an additional 132 shares during the period. 92.61% of the stock is owned by institutional investors and hedge funds.

AvalonBay Communities Trading Down 0.1 %

Shares of NYSE AVB opened at $214.45 on Wednesday. AvalonBay Communities, Inc. has a 1-year low of $177.40 and a 1-year high of $239.29. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average of $217.34 and a two-hundred day moving average of $222.13. The company has a market cap of $30.51 billion, a PE ratio of 28.25, a P/E/G ratio of 3.11 and a beta of 1.00.

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

AvalonBay Communities Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $1.75 dividend. This is a boost from AvalonBay Communities’s previous quarterly dividend of $1.70. The ex-dividend date is Monday, March 31st. This represents a $7.00 annualized dividend and a yield of 3.26%. AvalonBay Communities’s dividend payout ratio (DPR) is currently 92.23%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AVB shares. Truist Financial raised their price objective on shares of AvalonBay Communities from $229.00 to $230.00 and gave the stock a “hold” rating in a report on Monday, March 10th. Evercore ISI lifted their price objective on AvalonBay Communities from $230.00 to $240.00 and gave the company an “in-line” rating in a report on Monday, February 10th. Zelman & Associates raised AvalonBay Communities from a “neutral” rating to an “outperform” rating in a report on Thursday, February 13th. Morgan Stanley lowered 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 research note on Friday, January 24th. Finally, Mizuho upgraded AvalonBay Communities from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $239.00 to $242.00 in a research note on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $238.64.

About AvalonBay Communities

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.