Bank Julius Baer & Co. Ltd Zurich Has $75,000 Stock Holdings in AvalonBay Communities, Inc. (NYSE:AVB)

Bank Julius Baer & Co. Ltd Zurich cut its stake in AvalonBay Communities, Inc. (NYSE:AVB) by 69.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 308 shares of the real estate investment trust’s stock after selling 689 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in AvalonBay Communities were worth $75,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. raised its holdings in shares of AvalonBay Communities by 29.6% during the 4th quarter. Stratos Wealth Partners LTD. now owns 1,260 shares of the real estate investment trust’s stock worth $277,000 after buying an additional 288 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of AvalonBay Communities by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,060,497 shares of the real estate investment trust’s stock worth $914,627,000 after buying an additional 55,588 shares in the last quarter. American Assets Capital Advisers LLC acquired a new position in shares of AvalonBay Communities during the 3rd quarter worth $1,014,000. West Oak Capital LLC raised its holdings in shares of AvalonBay Communities by 875.3% during the 4th quarter. West Oak Capital LLC now owns 15,800 shares of the real estate investment trust’s stock worth $356,000 after buying an additional 14,180 shares in the last quarter. Finally, Portfolio Design Labs LLC raised its holdings in shares of AvalonBay Communities by 27.0% during the 4th quarter. Portfolio Design Labs LLC now owns 22,356 shares of the real estate investment trust’s stock worth $4,918,000 after buying an additional 4,747 shares in the last quarter. 92.61% of the stock is owned by institutional investors and hedge funds.

AvalonBay Communities Stock Performance

Shares of AVB opened at $213.30 on Wednesday. The stock has a 50 day moving average of $218.61 and a 200 day moving average of $223.66. AvalonBay Communities, Inc. has a 12 month low of $177.40 and a 12 month high of $239.29. The company has a market capitalization of $30.34 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 3.11 and a beta of 1.00. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.68.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings results 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%. As a group, sell-side analysts forecast that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

AvalonBay Communities Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date is Monday, March 31st. AvalonBay Communities’s dividend payout ratio (DPR) is presently 92.23%.

Wall Street Analysts Forecast Growth

AVB has been the topic of a number of research reports. Piper Sandler reduced their price objective on AvalonBay Communities from $270.00 to $265.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Truist Financial upped their target price on AvalonBay Communities from $229.00 to $230.00 and gave the company a “hold” rating in a research report on Monday. Mizuho upgraded AvalonBay Communities from a “neutral” rating to an “outperform” rating and upped their target price for the company from $239.00 to $242.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. upgraded AvalonBay Communities from a “neutral” rating to an “overweight” rating and upped their target price for the company from $247.00 to $262.00 in a research report on Tuesday, December 17th. Finally, Scotiabank dropped their price target on AvalonBay Communities from $244.00 to $241.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $238.64.

AvalonBay Communities Company 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.