Robeco Institutional Asset Management B.V. Acquires 36,732 Shares of AvalonBay Communities, Inc. (NYSE:AVB)

Robeco Institutional Asset Management B.V. lifted its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 12.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 336,587 shares of the real estate investment trust’s stock after purchasing an additional 36,732 shares during the period. Robeco Institutional Asset Management B.V. owned 0.24% of AvalonBay Communities worth $75,816,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Segment Wealth Management LLC boosted its stake in AvalonBay Communities by 4.6% during the third quarter. Segment Wealth Management LLC now owns 1,025 shares of the real estate investment trust’s stock worth $231,000 after acquiring an additional 45 shares in the last quarter. SYSTM Wealth Solutions LLC grew its stake in shares of AvalonBay Communities by 2.7% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 1,855 shares of the real estate investment trust’s stock worth $386,000 after acquiring an additional 49 shares in the last quarter. Patrick M Sweeney & Associates Inc. grew its position in AvalonBay Communities by 4.1% in the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 1,268 shares of the real estate investment trust’s stock worth $286,000 after purchasing an additional 50 shares in the last quarter. Tectonic Advisors LLC increased its position in shares of AvalonBay Communities by 2.7% during the third quarter. Tectonic Advisors LLC now owns 1,934 shares of the real estate investment trust’s stock valued at $436,000 after acquiring an additional 50 shares during the last quarter. Finally, Mather Group LLC. increased its position in shares of AvalonBay Communities by 38.6% during the 3rd quarter. Mather Group LLC. now owns 201 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 56 shares during the last quarter. Institutional investors and hedge funds own 92.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AVB shares. BNP Paribas initiated coverage on AvalonBay Communities in a research report on Wednesday, September 11th. They set an “outperform” rating and a $250.00 price target on the stock. Deutsche Bank Aktiengesellschaft raised their price target on AvalonBay Communities from $206.00 to $249.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. upped their target price on shares of AvalonBay Communities from $212.00 to $247.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Scotiabank lifted their price target on shares of AvalonBay Communities from $229.00 to $244.00 and gave the stock a “sector perform” rating in a research note on Monday, September 16th. Finally, Royal Bank of Canada increased their target price on AvalonBay Communities from $207.00 to $214.00 and gave the company a “sector perform” rating in a report on Friday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, AvalonBay Communities currently has an average rating of “Hold” and a consensus target price of $225.88.

AvalonBay Communities Stock Performance

Shares of AVB opened at $218.50 on Tuesday. AvalonBay Communities, Inc. has a 52 week low of $164.76 and a 52 week high of $236.26. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.71. The stock has a market cap of $31.08 billion, a P/E ratio of 36.97, a P/E/G ratio of 3.37 and a beta of 0.97. The business’s 50 day moving average price is $225.52 and its 200-day moving average price is $210.20.

AvalonBay Communities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $1.70 per share. The ex-dividend date was Monday, September 30th. This represents a $6.80 annualized dividend and a dividend yield of 3.11%. AvalonBay Communities’s payout ratio is presently 115.06%.

AvalonBay Communities Company Profile

As of December 31, 2023, the Company owned or held a direct or indirect ownership interest in 299 apartment communities containing 90,669 apartment homes in 12 states and the District of Columbia, of which 18 communities were under development. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company's expansion regions of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado.