QS Investors LLC lowered its stake in shares of AvalonBay Communities Inc (NYSE:AVB) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,134 shares of the real estate investment trust’s stock after selling 655 shares during the quarter. QS Investors LLC’s holdings in AvalonBay Communities were worth $1,986,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of AVB. Janus Henderson Group PLC boosted its position in AvalonBay Communities by 151.2% during the third quarter. Janus Henderson Group PLC now owns 629,410 shares of the real estate investment trust’s stock worth $112,300,000 after purchasing an additional 378,809 shares during the period. PGGM Investments boosted its position in AvalonBay Communities by 21.4% during the fourth quarter. PGGM Investments now owns 1,993,000 shares of the real estate investment trust’s stock worth $355,571,000 after purchasing an additional 350,790 shares during the period. Bank of New York Mellon Corp boosted its position in AvalonBay Communities by 9.7% during the fourth quarter. Bank of New York Mellon Corp now owns 3,493,069 shares of the real estate investment trust’s stock worth $623,200,000 after purchasing an additional 308,139 shares during the period. Barings LLC boosted its position in AvalonBay Communities by 5,739.5% during the fourth quarter. Barings LLC now owns 253,961 shares of the real estate investment trust’s stock worth $45,309,000 after purchasing an additional 249,612 shares during the period. Finally, American Century Companies Inc. boosted its position in AvalonBay Communities by 367.7% during the fourth quarter. American Century Companies Inc. now owns 308,596 shares of the real estate investment trust’s stock worth $55,057,000 after purchasing an additional 242,612 shares during the period. Institutional investors own 94.72% of the company’s stock.
AVB has been the subject of a number of research reports. BMO Capital Markets reiterated a “hold” rating and set a $190.00 target price on shares of AvalonBay Communities in a research report on Monday, November 27th. JPMorgan Chase & Co. lowered shares of AvalonBay Communities from an “overweight” rating to a “neutral” rating and set a $211.00 target price for the company. in a research report on Friday, December 15th. Robert W. Baird reiterated a “buy” rating and set a $187.00 target price on shares of AvalonBay Communities in a research report on Tuesday, January 9th. Stifel Nicolaus reiterated a “buy” rating and set a $185.00 target price on shares of AvalonBay Communities in a research report on Friday, January 19th. Finally, SunTrust Banks set a $194.00 target price on shares of AvalonBay Communities and gave the stock a “buy” rating in a research report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $191.06.
AvalonBay Communities (NYSE:AVB) last announced its earnings results on Wednesday, January 31st. The real estate investment trust reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $1.03. The business had revenue of $555.29 million for the quarter, compared to the consensus estimate of $554.20 million. AvalonBay Communities had a net margin of 40.62% and a return on equity of 8.57%. AvalonBay Communities’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm posted $2.12 earnings per share. equities analysts anticipate that AvalonBay Communities Inc will post 8.97 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 29th will be paid a $1.47 dividend. This is an increase from AvalonBay Communities’s previous quarterly dividend of $1.42. This represents a $5.88 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Wednesday, March 28th. AvalonBay Communities’s dividend payout ratio (DPR) is currently 89.31%.
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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.
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