5 Best Housing Stocks of 2021

In this article, we discuss the 5 best housing stocks of 2021. If you want to read our detailed analysis of the housing industry, go directly to the 11 Best Housing Stocks of 2021.

5. AvalonBay Communities, Inc. (NYSE: AVB)

Number of Hedge Fund Holders: 40

AvalonBay Communities, Inc. (NYSE:AVB) is a real estate investment trust (REIT) and the 3rd largest apartment owner in the United States. It is ranked fifth on our list of the 11 best housing stocks of 2021. The stock has returned over 50.68% to investors over the course of the past year.

On July 28, AvalonBay Communities, Inc. (NYSE:AVB) posted earnings for the second quarter of 2021, reporting earnings per share of $1.98, beating estimates by $0.04. The revenue over the period was around $561 million, down 2.53% year-over-year. 

At the end of the first quarter of 2021, 40 hedge funds in the database of Insider Monkey held stakes worth $631 million in AvalonBay Communities, Inc. (NYSE:AVB), up from 32 the preceding quarter worth $864 million. Out of the hedge funds being tracked by Insider Monkey, AEW Capital Management has the most valuable stake in AvalonBay Communities, Inc. (NYSE:AVB) as of the end of the first quarter of 2021, worth close to $104 million, comprising 3.62% of its total 13F portfolio.

On August 2, BTIG reiterated its Buy rating on AvalonBay Communities, Inc. (NYSE:AVB) while raising its price target to $285 from $251, noting that REIT valuations will benefit from strong trends in net operating income and will continue to have strong EPS.