Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 843 Shares of AvalonBay Communities, Inc. (AVB)

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 2.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,726 shares of the real estate investment trust’s stock after selling 843 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in AvalonBay Communities were worth $5,839,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Bank of New York Mellon Corp boosted its holdings in AvalonBay Communities by 9.5% during the third quarter. Bank of New York Mellon Corp now owns 3,184,930 shares of the real estate investment trust’s stock worth $568,255,000 after buying an additional 276,035 shares during the last quarter. TCW Group Inc. boosted its holdings in AvalonBay Communities by 31.6% during the third quarter. TCW Group Inc. now owns 124,966 shares of the real estate investment trust’s stock worth $22,296,000 after buying an additional 29,979 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in AvalonBay Communities by 1.7% during the third quarter. Teacher Retirement System of Texas now owns 27,076 shares of the real estate investment trust’s stock worth $4,831,000 after buying an additional 442 shares during the last quarter. Rhumbline Advisers boosted its holdings in AvalonBay Communities by 7.4% during the third quarter. Rhumbline Advisers now owns 288,548 shares of the real estate investment trust’s stock worth $51,483,000 after buying an additional 19,809 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its holdings in AvalonBay Communities by 1,327.2% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 167,540 shares of the real estate investment trust’s stock worth $29,892,000 after buying an additional 155,801 shares during the last quarter. Hedge funds and other institutional investors own 96.85% of the company’s stock.

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AVB has been the topic of a number of recent analyst reports. Stifel Nicolaus reduced their target price on AvalonBay Communities from $209.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, November 1st. BMO Capital Markets reiterated a “hold” rating and set a $191.00 price objective on shares of AvalonBay Communities in a report on Wednesday, August 2nd. Zacks Investment Research upgraded AvalonBay Communities from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Deutsche Bank AG lifted their price objective on AvalonBay Communities from $193.00 to $195.00 and gave the company a “hold” rating in a report on Friday, August 18th. Finally, The Goldman Sachs Group, Inc. cut AvalonBay Communities from a “buy” rating to a “neutral” rating and set a $196.00 price objective on the stock. in a report on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $199.27.

AvalonBay Communities, Inc. (NYSE:AVB) traded up $1.40 during trading hours on Friday, hitting $186.09. The company’s stock had a trading volume of 751,900 shares, compared to its average volume of 685,309. The firm has a market cap of $25,700.00, a price-to-earnings ratio of 21.75, a price-to-earnings-growth ratio of 2.90 and a beta of 0.36. AvalonBay Communities, Inc. has a 52-week low of $158.32 and a 52-week high of $199.52. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.10 and a quick ratio of 0.10.

AvalonBay Communities (NYSE:AVB) last posted its earnings results on Monday, October 30th. The real estate investment trust reported $1.72 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.45). The business had revenue of $550.50 million for the quarter, compared to analyst estimates of $539.69 million. AvalonBay Communities had a return on equity of 8.66% and a net margin of 41.55%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.11 earnings per share. equities research analysts forecast that AvalonBay Communities, Inc. will post 8.61 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Thursday, December 28th. AvalonBay Communities’s payout ratio is presently 89.03%.

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

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