Sheaff Brock Investment Advisors LLC Has $1.28 Million Holdings in AvalonBay Communities, Inc. (NYSE:AVB)

Sheaff Brock Investment Advisors LLC trimmed its position in AvalonBay Communities, Inc. (NYSE:AVB) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,806 shares of the real estate investment trust’s stock after selling 92 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in AvalonBay Communities were worth $1,277,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AVB. State Street Corp increased its holdings in AvalonBay Communities by 2.2% in the 3rd quarter. State Street Corp now owns 9,245,028 shares of the real estate investment trust’s stock valued at $2,097,971,000 after buying an additional 196,938 shares during the period. JPMorgan Chase & Co. increased its stake in AvalonBay Communities by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 4,060,497 shares of the real estate investment trust’s stock valued at $914,627,000 after acquiring an additional 55,588 shares during the period. Geode Capital Management LLC raised its position in AvalonBay Communities by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,585,802 shares of the real estate investment trust’s stock worth $805,113,000 after purchasing an additional 27,988 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in AvalonBay Communities by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,240,436 shares of the real estate investment trust’s stock worth $504,658,000 after purchasing an additional 78,800 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in AvalonBay Communities by 678.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,715,050 shares of the real estate investment trust’s stock valued at $386,315,000 after purchasing an additional 1,494,872 shares in the last quarter. 92.61% of the stock is owned by institutional investors.

AvalonBay Communities Stock Down 1.0 %

Shares of AVB opened at $217.97 on Friday. The firm has a market capitalization of $31.00 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 3.10 and a beta of 0.99. AvalonBay Communities, Inc. has a 52 week low of $172.85 and a 52 week high of $239.29. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.64 and a current ratio of 1.64. The business’s fifty day moving average price is $219.58 and its two-hundred day moving average price is $222.49.

AvalonBay Communities (NYSE:AVB) last announced 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 return on equity of 9.15% and a net margin of 37.13%. On average, analysts predict that AvalonBay Communities, Inc. will post 11.53 earnings per share for the current year.

AvalonBay Communities Increases Dividend

The firm also recently disclosed 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 positive change from AvalonBay Communities’s previous quarterly dividend of $1.70. This represents a $7.00 annualized dividend and a yield of 3.21%. The ex-dividend date is Monday, March 31st. AvalonBay Communities’s dividend payout ratio is currently 89.59%.

Analyst Upgrades and Downgrades

AVB has been the subject of several analyst reports. Piper Sandler cut their target price on AvalonBay Communities from $270.00 to $265.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Scotiabank cut their price objective on AvalonBay Communities from $244.00 to $241.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. Royal Bank of Canada upped their target price on shares of AvalonBay Communities from $226.00 to $229.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. Morgan Stanley downgraded shares of AvalonBay Communities from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $236.00 to $223.00 in a report on Friday, January 24th. Finally, Mizuho raised shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $239.00 to $242.00 in a research note on Monday, January 6th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.73.

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.