AvalonBay Communities, Inc. (AVB) Shares Bought by Stifel Financial Corp

Stifel Financial Corp raised its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 4.6% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 6,185 shares of the real estate investment trust’s stock after buying an additional 270 shares during the period. Stifel Financial Corp’s holdings in AvalonBay Communities were worth $1,135,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Canada Pension Plan Investment Board boosted its stake in AvalonBay Communities by 129.0% in the first quarter. Canada Pension Plan Investment Board now owns 157,047 shares of the real estate investment trust’s stock worth $28,834,000 after buying an additional 88,475 shares during the period. Whittier Trust Co. boosted its stake in AvalonBay Communities by 2.8% in the first quarter. Whittier Trust Co. now owns 1,144 shares of the real estate investment trust’s stock worth $210,000 after buying an additional 31 shares during the period. Brookfield Asset Management Inc. boosted its stake in AvalonBay Communities by 0.4% in the fourth quarter. Brookfield Asset Management Inc. now owns 864,917 shares of the real estate investment trust’s stock worth $153,220,000 after buying an additional 3,800 shares during the period. Norges Bank acquired a new stake in AvalonBay Communities during the fourth quarter worth approximately $198,304,000. Finally, Zurich Insurance Group Ltd FI boosted its stake in AvalonBay Communities by 132.0% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 41,367 shares of the real estate investment trust’s stock worth $7,328,000 after buying an additional 23,540 shares during the period. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Institutional Ownership by Quarter for AvalonBay Communities (NYSE:AVB)

AvalonBay Communities, Inc. (AVB) opened at 196.68 on Tuesday. The stock has a market capitalization of $27.03 billion, a price-to-earnings ratio of 26.21 and a beta of 0.34. The firm has a 50-day moving average of $192.86 and a 200-day moving average of $182.75. AvalonBay Communities, Inc. has a 1-year low of $158.32 and a 1-year high of $199.52.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings results on Wednesday, April 26th. The real estate investment trust reported $2.09 EPS for the quarter, missing the consensus estimate of $2.11 by $0.02. The business had revenue of $522.33 million during the quarter, compared to analyst estimates of $520.56 million. AvalonBay Communities had a net margin of 50.12% and a return on equity of 10.31%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.97 earnings per share. Equities research analysts anticipate that AvalonBay Communities, Inc. will post $5.19 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be given a $1.42 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $5.68 annualized dividend and a dividend yield of 2.89%. AvalonBay Communities’s dividend payout ratio is presently 75.63%.

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A number of equities research analysts have recently commented on AVB shares. Bank of America Corporation upgraded AvalonBay Communities from a “neutral” rating to a “buy” rating and set a $202.00 price objective on the stock in a report on Wednesday, March 8th. Evercore ISI cut AvalonBay Communities to a “buy” rating in a report on Friday, March 3rd. JMP Securities cut AvalonBay Communities from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 19th. They noted that the move was a valuation call. Deutsche Bank AG cut AvalonBay Communities from a “buy” rating to a “hold” rating and set a $193.00 price objective on the stock. in a report on Wednesday, May 17th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $191.00 price objective on shares of AvalonBay Communities in a report on Thursday, May 25th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $192.73.

In other news, insider Leo S. Horey III sold 3,000 shares of the stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $190.25, for a total value of $570,750.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider William M. Mclaughlin sold 5,112 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $193.88, for a total transaction of $991,114.56. The disclosure for this sale can be found here. Insiders sold 42,336 shares of company stock worth $8,123,261 over the last quarter. Company insiders own 0.53% of the company’s stock.

AvalonBay Communities Company Profile

AvalonBay Communities, Inc is a real estate investment trust (REIT). The Company is focused on the development, redevelopment, acquisition, ownership and operation of multifamily communities primarily in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AVB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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