KBC Group NV reduced its stake in AvalonBay Communities Inc (NYSE:AVB) by 14.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,348 shares of the real estate investment trust’s stock after selling 8,690 shares during the period. KBC Group NV’s holdings in AvalonBay Communities were worth $9,340,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of AVB. Bartlett & Co. LLC boosted its stake in shares of AvalonBay Communities by 112.8% in the 4th quarter. Bartlett & Co. LLC now owns 681 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 361 shares in the last quarter. Amica Retiree Medical Trust acquired a new stake in shares of AvalonBay Communities in the 3rd quarter valued at approximately $132,000. WFG Advisors LP boosted its stake in shares of AvalonBay Communities by 24.9% in the 2nd quarter. WFG Advisors LP now owns 839 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 167 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of AvalonBay Communities in the 2nd quarter valued at approximately $226,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of AvalonBay Communities in the 3rd quarter valued at approximately $227,000. Institutional investors own 95.21% of the company’s stock.
A number of equities research analysts have recently weighed in on AVB shares. Royal Bank of Canada reduced their price target on shares of AvalonBay Communities from $206.00 to $200.00 and set an “outperform” rating on the stock in a research note on Monday, November 6th. Mizuho restated a “buy” rating and issued a $220.00 price target on shares of AvalonBay Communities in a research note on Monday, November 6th. Stifel Nicolaus reduced their price target on shares of AvalonBay Communities from $209.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, November 1st. UBS Group upgraded shares of AvalonBay Communities from a “neutral” rating to a “buy” rating and raised their price target for the company from $190.00 to $206.00 in a research note on Thursday, November 9th. Finally, Robert W. Baird restated a “buy” rating and issued a $187.00 price target on shares of AvalonBay Communities in a research note on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $194.82.
Shares of AvalonBay Communities Inc (NYSE:AVB) opened at $158.92 on Thursday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.71. AvalonBay Communities Inc has a 1 year low of $154.82 and a 1 year high of $199.52. The company has a market cap of $22,011.21, a P/E ratio of 24.99, a P/E/G ratio of 2.45 and a beta of 0.34.
AvalonBay Communities (NYSE:AVB) last posted its earnings results on Wednesday, January 31st. The real estate investment trust reported $2.25 EPS for the quarter, topping the consensus estimate 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%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $2.12 EPS. analysts predict that AvalonBay Communities Inc will post 9 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be given a $1.47 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.70%. This is an increase from AvalonBay Communities’s previous quarterly dividend of $1.42. AvalonBay Communities’s payout ratio is 89.31%.
About AvalonBay Communities
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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