Creative Planning boosted its stake in AvalonBay Communities, Inc. (NYSE:AVB – Get Rating) by 27.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 7,453 shares of the real estate investment trust's stock after acquiring an additional 1,614 shares during the quarter. Creative Planning's holdings in AvalonBay Communities were worth $1,373,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in AVB. Parkside Financial Bank & Trust boosted its stake in AvalonBay Communities by 100.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 144 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 72 shares during the last quarter. Ronald Blue Trust Inc. acquired a new stake in AvalonBay Communities during the 2nd quarter worth $43,000. Clear Street Markets LLC boosted its stake in AvalonBay Communities by 414.0% during the 2nd quarter. Clear Street Markets LLC now owns 293 shares of the real estate investment trust's stock worth $57,000 after purchasing an additional 236 shares during the last quarter. Money Concepts Capital Corp acquired a new stake in AvalonBay Communities during the 3rd quarter worth $57,000. Finally, CX Institutional acquired a new stake in AvalonBay Communities during the 2nd quarter worth $58,000. Institutional investors and hedge funds own 87.30% of the company's stock.
Get AvalonBay Communities alerts:Analysts Set New Price Targets
Several research analysts have recently commented on the company. Barclays reduced their price target on AvalonBay Communities from $235.00 to $175.00 and set an "equal weight" rating on the stock in a report on Thursday, November 10th. Truist Financial upgraded AvalonBay Communities from a "hold" rating to a "buy" rating and lifted their price target for the stock from $186.00 to $190.00 in a report on Tuesday, January 17th. Evercore ISI reduced their price target on AvalonBay Communities to $205.00 in a report on Thursday, October 13th. Deutsche Bank Aktiengesellschaft lowered AvalonBay Communities from a "buy" rating to a "hold" rating and reduced their price target for the stock from $194.00 to $179.00 in a report on Wednesday, January 4th. Finally, Jefferies Financial Group reduced their price target on AvalonBay Communities from $196.00 to $190.00 and set a "hold" rating on the stock in a report on Wednesday, October 19th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $202.78.
AvalonBay Communities Stock Up 2.3 %
Shares of NYSE:AVB opened at $177.52 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market capitalization of $24.84 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 3.15 and a beta of 0.88. The firm's 50-day moving average is $167.56 and its two-hundred day moving average is $183.13. AvalonBay Communities, Inc. has a 1 year low of $157.69 and a 1 year high of $259.05.AvalonBay Communities Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Friday, December 30th were given a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date was Thursday, December 29th. AvalonBay Communities's dividend payout ratio is presently 72.36%.
AvalonBay Communities Profile
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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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