Hsbc Holdings PLC Buys 32,751 Shares of AvalonBay Communities, Inc. $AVB

Hsbc Holdings PLC lifted its stake in AvalonBay Communities, Inc. (NYSE:AVB) by 4.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 724,203 shares of the real estate investment trust’s stock after buying an additional 32,751 shares during the period. Hsbc Holdings PLC’s holdings in AvalonBay Communities were worth $136,730,000 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 AVB. Reflection Asset Management acquired a new stake in shares of AvalonBay Communities during the 4th quarter worth approximately $25,000. Clearstead Trust LLC raised its stake in shares of AvalonBay Communities by 56.0% in the first quarter. Clearstead Trust LLC now owns 156 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 56 shares in the last quarter. Zions Bancorporation National Association UT lifted its position in AvalonBay Communities by 300.0% in the fourth quarter. Zions Bancorporation National Association UT now owns 160 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 120 shares during the period. BOKF NA acquired a new stake in AvalonBay Communities during the third quarter worth $31,000. Finally, Elyxium Wealth LLC bought a new stake in AvalonBay Communities in the 4th quarter valued at $32,000. 92.61% of the stock is currently owned by institutional investors.

AvalonBay Communities Price Performance

NYSE:AVB opened at $184.06 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.74. AvalonBay Communities, Inc. has a 12-month low of $160.10 and a 12-month high of $198.63. The stock’s fifty day simple moving average is $187.67 and its 200-day simple moving average is $180.57. The firm has a market capitalization of $26.28 billion, a P/E ratio of 30.08, a P/E/G ratio of 2.98 and a beta of 0.76.

AvalonBay Communities (NYSE:AVB) last issued its earnings results on Thursday, July 23rd. The real estate investment trust reported $1.11 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.12). The firm had revenue of $777.77 million during the quarter, compared to the consensus estimate of $772.37 million. AvalonBay Communities had a net margin of 33.33% and a return on equity of 8.58%. During the same period in the previous year, the company posted $2.82 EPS. Equities research analysts expect that AvalonBay Communities, Inc. will post 11.33 earnings per share for the current year.

AvalonBay Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, June 30th. AvalonBay Communities’s dividend payout ratio (DPR) is presently 116.34%.

Wall Street Analyst Weigh In

Several research firms have issued reports on AVB. Barclays increased their price objective on AvalonBay Communities from $205.00 to $206.00 and gave the stock an “equal weight” rating in a research note on Monday, August 17th. Wall Street Zen raised shares of AvalonBay Communities from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Truist Financial upped their price objective on shares of AvalonBay Communities from $201.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Jefferies Financial Group raised shares of AvalonBay Communities to a “hold” rating in a report on Wednesday, July 22nd. Finally, Wolfe Research raised AvalonBay Communities from an “outperform” rating to an “outperform” rating and set a $209.00 price objective on the stock in a research note on Monday, June 1st. Three investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $196.87.

About AvalonBay Communities

AvalonBay Communities, Inc (NYSE: AVB) is a publicly traded real estate investment trust (REIT) that owns, develops, redevelops and manages multifamily residential properties. The company focuses on professionally managed apartment communities, offering a range of rental housing options and related resident services. As a REIT, AvalonBay’s core activities center on the acquisition and development of apartment assets and the ongoing operations and leasing of those communities.

AvalonBay’s operating activities include ground-up development, strategic redevelopment of existing properties, property and asset management, and on-site leasing and resident services.