GC Wealth Management RIA LLC Purchases Shares of 1,009 AvalonBay Communities, Inc. (NYSE:AVB)

GC Wealth Management RIA LLC purchased a new stake in AvalonBay Communities, Inc. (NYSE:AVB) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,009 shares of the real estate investment trust’s stock, valued at approximately $222,000.

Other large investors have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of AvalonBay Communities during the 3rd quarter worth $26,000. Whipplewood Advisors LLC bought a new stake in shares of AvalonBay Communities during the 4th quarter worth $36,000. Brooklyn Investment Group bought a new stake in shares of AvalonBay Communities during the 3rd quarter worth $39,000. Prospera Private Wealth LLC bought a new stake in shares of AvalonBay Communities during the 3rd quarter worth $51,000. Finally, Catalyst Capital Advisors LLC lifted its holdings in shares of AvalonBay Communities by 312.5% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust’s stock worth $80,000 after acquiring an additional 275 shares during the last quarter. 92.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AVB. Evercore ISI lifted their price objective on shares of AvalonBay Communities from $230.00 to $240.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Morgan Stanley downgraded shares of AvalonBay Communities from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $236.00 to $223.00 in a research note on Friday, January 24th. Piper Sandler cut their price target on shares of AvalonBay Communities from $270.00 to $265.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Barclays cut their price target on shares of AvalonBay Communities from $230.00 to $226.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. Finally, Zelman & Associates upgraded shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, AvalonBay Communities currently has a consensus rating of “Moderate Buy” and an average price target of $238.64.

AvalonBay Communities Stock Performance

Shares of NYSE:AVB opened at $213.30 on Wednesday. The company has a market cap of $30.34 billion, a price-to-earnings ratio of 28.10, a price-to-earnings-growth ratio of 3.11 and a beta of 1.00. The company has a 50-day moving average price of $218.61 and a 200-day moving average price of $223.66. 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, Inc. has a 12 month low of $177.40 and a 12 month high of $239.29.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.80 EPS for the quarter, missing the consensus estimate of $2.83 by ($0.03). AvalonBay Communities had a net margin of 37.13% and a return on equity of 9.15%. As a group, equities analysts anticipate that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $1.75 dividend. This is an increase from AvalonBay Communities’s previous quarterly dividend of $1.70. This represents a $7.00 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Monday, March 31st. AvalonBay Communities’s dividend payout ratio is presently 92.23%.

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.