Traders Buy High Volume of AvalonBay Communities Call Options (AVB)

AvalonBay Communities Inc (NYSE:AVB) was the recipient of unusually large options trading on Thursday. Traders bought 2,825 call options on the stock. This is an increase of approximately 995% compared to the typical daily volume of 258 call options.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital Analysts LLC grew its holdings in AvalonBay Communities by 441.3% during the 4th quarter. Capital Analysts LLC now owns 2,230 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 1,818 shares in the last quarter. Bartlett & Co. LLC grew its holdings in AvalonBay Communities by 112.8% during the 4th quarter. Bartlett & Co. LLC now owns 681 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 361 shares in the last quarter. Keeler Thomas Management LLC purchased a new position in AvalonBay Communities during the 4th quarter valued at approximately $166,000. NuWave Investment Management LLC purchased a new position in AvalonBay Communities during the 4th quarter valued at approximately $181,000. Finally, MUFG Americas Holdings Corp purchased a new position in AvalonBay Communities during the 4th quarter valued at approximately $189,000. Institutional investors and hedge funds own 94.72% of the company’s stock.

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NYSE:AVB opened at $166.00 on Friday. The stock has a market cap of $22,926.62, a P/E ratio of 19.26, a price-to-earnings-growth ratio of 2.60 and a beta of 0.36. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.19 and a quick ratio of 0.19. AvalonBay Communities has a 12-month low of $152.65 and a 12-month high of $199.52.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $2.25 earnings per share for the quarter, beating the consensus estimate of $1.22 by $1.03. The business had revenue of $555.29 million during the quarter, compared to analysts’ expectations of $554.20 million. AvalonBay Communities had a return on equity of 8.57% and a net margin of 40.62%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.12 EPS. research analysts anticipate that AvalonBay Communities will post 8.96 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 29th will be issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend is Wednesday, March 28th. This is a boost from AvalonBay Communities’s previous quarterly dividend of $1.42. AvalonBay Communities’s dividend payout ratio (DPR) is currently 68.21%.

Several research analysts have recently commented on the company. SunTrust Banks reaffirmed a “buy” rating and issued a $186.00 price objective on shares of AvalonBay Communities in a research note on Friday, February 2nd. Citigroup raised AvalonBay Communities from a “neutral” rating to a “buy” rating and set a $190.00 price objective on the stock in a research note on Friday. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $185.00 price objective on shares of AvalonBay Communities in a research note on Thursday, February 1st. BMO Capital Markets reiterated a “hold” rating and set a $187.00 target price on shares of AvalonBay Communities in a research report on Wednesday, January 31st. Finally, Zelman & Associates upgraded AvalonBay Communities from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the stock. AvalonBay Communities has an average rating of “Hold” and a consensus price target of $191.00.

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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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