Lasalle Investment Management Securities LLC Has $60.35 Million Holdings in AvalonBay Communities, Inc. $AVB

Lasalle Investment Management Securities LLC raised its stake in AvalonBay Communities, Inc. (NYSE:AVB) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 332,878 shares of the real estate investment trust’s stock after acquiring an additional 12,037 shares during the quarter. AvalonBay Communities comprises approximately 2.4% of Lasalle Investment Management Securities LLC’s investment portfolio, making the stock its 18th biggest holding. Lasalle Investment Management Securities LLC owned approximately 0.24% of AvalonBay Communities worth $60,354,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its position in AvalonBay Communities by 1.8% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,358 shares of the real estate investment trust’s stock valued at $649,000 after acquiring an additional 60 shares in the last quarter. Keybank National Association OH boosted its stake in shares of AvalonBay Communities by 2.6% in the 4th quarter. Keybank National Association OH now owns 2,458 shares of the real estate investment trust’s stock valued at $446,000 after purchasing an additional 62 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of AvalonBay Communities by 1.5% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 5,779 shares of the real estate investment trust’s stock valued at $1,116,000 after purchasing an additional 84 shares during the last quarter. Phoenix Financial Ltd. boosted its stake in shares of AvalonBay Communities by 5.7% in the 4th quarter. Phoenix Financial Ltd. now owns 1,713 shares of the real estate investment trust’s stock valued at $311,000 after purchasing an additional 92 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its stake in shares of AvalonBay Communities by 14.6% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 785 shares of the real estate investment trust’s stock valued at $152,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 92.61% of the company’s stock.

Analyst Upgrades and Downgrades

AVB has been the topic of several recent research reports. UBS Group reduced their target price on shares of AvalonBay Communities from $191.00 to $189.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. Cantor Fitzgerald raised their target price on shares of AvalonBay Communities from $186.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Piper Sandler raised their target price on shares of AvalonBay Communities from $183.00 to $195.00 and gave the company a “neutral” rating in a research note on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AvalonBay Communities in a research note on Wednesday, April 8th. Finally, Wall Street Zen raised shares of AvalonBay Communities from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Four research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat.com, AvalonBay Communities presently has a consensus rating of “Hold” and a consensus price target of $197.73.

AvalonBay Communities Stock Up 0.1%

AvalonBay Communities stock opened at $182.68 on Monday. The company’s 50 day simple moving average is $175.35 and its 200 day simple moving average is $177.10. AvalonBay Communities, Inc. has a fifty-two week low of $160.10 and a fifty-two week high of $209.86. The firm has a market capitalization of $25.41 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 3.17 and a beta of 0.78. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.62 and a quick ratio of 0.62.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.33 earnings per share for the quarter, missing the consensus estimate of $2.80 by ($0.47). AvalonBay Communities had a return on equity of 9.56% and a net margin of 37.21%.The firm had revenue of $770.28 million for the quarter, compared to the consensus estimate of $768.80 million. During the same period in the previous year, the business earned $2.83 EPS. As a group, sell-side analysts anticipate that AvalonBay Communities, Inc. will post 11.31 EPS for the current year.

AvalonBay Communities Profile

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.