Charles Schwab Investment Management Inc. Has $498.61 Million Stake in AvalonBay Communities, Inc. (NYSE:AVB)

Charles Schwab Investment Management Inc. raised its holdings in AvalonBay Communities, Inc. (NYSE:AVB) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,266,701 shares of the real estate investment trust’s stock after buying an additional 26,265 shares during the period. Charles Schwab Investment Management Inc. owned 1.59% of AvalonBay Communities worth $498,606,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of AvalonBay Communities by 678.9% during the 3rd 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 worth $386,315,000 after purchasing an additional 1,494,872 shares during the last quarter. State Street Corp increased its stake in shares of AvalonBay Communities by 2.2% during the 3rd quarter. State Street Corp now owns 9,245,028 shares of the real estate investment trust’s stock worth $2,097,971,000 after purchasing an additional 196,938 shares during the last quarter. KBC Group NV raised its holdings in shares of AvalonBay Communities by 284.8% in the 3rd quarter. KBC Group NV now owns 146,429 shares of the real estate investment trust’s stock valued at $32,983,000 after purchasing an additional 108,371 shares during the period. Proficio Capital Partners LLC acquired a new stake in AvalonBay Communities in the 4th quarter valued at about $23,513,000. Finally, BNP Paribas Financial Markets grew its holdings in AvalonBay Communities by 54.8% during the third quarter. BNP Paribas Financial Markets now owns 259,531 shares of the real estate investment trust’s stock worth $58,459,000 after purchasing an additional 91,861 shares during the period. 92.61% of the stock is owned by institutional investors.

AvalonBay Communities Trading Down 2.1 %

AVB opened at $223.34 on Wednesday. The company has a 50-day simple moving average of $218.92 and a 200 day simple moving average of $223.65. AvalonBay Communities, Inc. has a twelve month low of $177.40 and a twelve month high of $239.29. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $31.77 billion, a price-to-earnings ratio of 29.43, a P/E/G ratio of 3.11 and a beta of 0.99.

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

AvalonBay Communities Increases Dividend

The company 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 dividend of $1.75 per share. This is an increase from AvalonBay Communities’s previous quarterly dividend of $1.70. The ex-dividend date of this dividend is Monday, March 31st. This represents a $7.00 annualized dividend and a dividend yield of 3.13%. AvalonBay Communities’s dividend payout ratio (DPR) is 92.23%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Piper Sandler decreased their target price on AvalonBay Communities from $270.00 to $265.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. Barclays decreased their price objective on shares of AvalonBay Communities from $230.00 to $226.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. Zelman & Associates upgraded AvalonBay Communities from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 13th. Morgan Stanley cut AvalonBay Communities from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $236.00 to $223.00 in a report on Friday, January 24th. Finally, Scotiabank decreased their price objective on AvalonBay Communities from $244.00 to $241.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.