Cetera Investment Advisers Raises Holdings in AvalonBay Communities, Inc. (NYSE:AVB)

Cetera Investment Advisers grew its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,819 shares of the real estate investment trust’s stock after acquiring an additional 133 shares during the quarter. Cetera Investment Advisers’ holdings in AvalonBay Communities were worth $3,920,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ancora Advisors LLC grew its stake in AvalonBay Communities by 1,666.7% during the 4th quarter. Ancora Advisors LLC now owns 159 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 150 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in shares of AvalonBay Communities in the fourth quarter worth about $36,000. Crowley Wealth Management Inc. acquired a new stake in shares of AvalonBay Communities during the fourth quarter worth about $44,000. Generali Asset Management SPA SGR acquired a new stake in shares of AvalonBay Communities during the fourth quarter worth about $66,000. Finally, Catalyst Capital Advisors LLC boosted its position in AvalonBay Communities by 312.5% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust’s stock valued at $80,000 after buying an additional 275 shares during the last quarter. 92.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Evercore ISI raised their price target on shares of AvalonBay Communities from $230.00 to $240.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. Scotiabank boosted their target price on shares of AvalonBay Communities from $241.00 to $251.00 and gave the company a “sector perform” rating in a research report on Monday. Royal Bank of Canada lowered their price target on shares of AvalonBay Communities from $223.00 to $220.00 and set a “sector perform” rating on the stock in a report on Thursday, May 8th. Zelman & Associates upgraded AvalonBay Communities from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 13th. Finally, Truist Financial upped their target price on AvalonBay Communities from $229.00 to $230.00 and gave the stock a “hold” rating in a research note on Monday, March 10th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $239.93.

AvalonBay Communities Stock Up 1.9%

Shares of AVB opened at $205.52 on Friday. The firm has a market cap of $29.26 billion, a P/E ratio of 27.08, a PEG ratio of 3.11 and a beta of 0.86. AvalonBay Communities, Inc. has a 12 month low of $180.40 and a 12 month high of $239.29. The stock’s 50 day moving average is $205.83 and its two-hundred day moving average is $216.92. 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 released its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.80 by $0.03. The firm had revenue of $693.43 million for the quarter, compared to analysts’ expectations of $744.61 million. AvalonBay Communities had a net margin of 37.13% and a return on equity of 9.15%. During the same quarter last year, the company earned $2.70 EPS. Analysts predict that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

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.