Global X MANAGEMENT CO LLC Boosts Stake in AvalonBay Communities, Inc. (AVB)

Global X MANAGEMENT CO LLC grew its holdings in AvalonBay Communities, Inc. (NYSE:AVB) by 22.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,401 shares of the real estate investment trust’s stock after acquiring an additional 618 shares during the quarter. Global X MANAGEMENT CO LLC’s holdings in AvalonBay Communities were worth $607,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of AvalonBay Communities by 0.7% in the second quarter. Vanguard Group Inc. now owns 22,015,933 shares of the real estate investment trust’s stock valued at $4,230,802,000 after acquiring an additional 158,436 shares during the period. BlackRock Inc. boosted its position in shares of AvalonBay Communities by 1.1% in the second quarter. BlackRock Inc. now owns 14,559,192 shares of the real estate investment trust’s stock valued at $2,797,838,000 after acquiring an additional 161,167 shares during the period. FMR LLC boosted its position in shares of AvalonBay Communities by 22.2% in the second quarter. FMR LLC now owns 5,341,390 shares of the real estate investment trust’s stock valued at $1,026,454,000 after acquiring an additional 969,095 shares during the period. Principal Financial Group Inc. boosted its position in shares of AvalonBay Communities by 5.0% in the third quarter. Principal Financial Group Inc. now owns 2,932,070 shares of the real estate investment trust’s stock valued at $523,140,000 after acquiring an additional 138,649 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in shares of AvalonBay Communities by 7.3% in the second quarter. Daiwa Securities Group Inc. now owns 2,774,022 shares of the real estate investment trust’s stock valued at $533,084,000 after acquiring an additional 188,396 shares during the period. 96.85% of the stock is owned by institutional investors.

Shares of AvalonBay Communities, Inc. (NYSE:AVB) opened at $184.37 on Friday. AvalonBay Communities, Inc. has a 12 month low of $158.32 and a 12 month high of $199.52. The firm has a market capitalization of $25,700.00, a price-to-earnings ratio of 22.09, a PEG ratio of 2.95 and a beta of 0.36. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.69.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $1.72 EPS for the quarter, missing the Zacks’ consensus estimate of $2.17 by ($0.45). The firm had revenue of $550.50 million during 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%. AvalonBay Communities’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.11 earnings per share. sell-side analysts predict that AvalonBay Communities, Inc. will post 8.61 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a $1.42 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $5.68 dividend on an annualized basis and a yield of 3.08%. AvalonBay Communities’s payout ratio is 89.03%.

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Several equities research analysts have recently weighed in on the company. BidaskClub raised AvalonBay Communities from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. BMO Capital Markets reissued a “hold” rating and issued a $191.00 price objective on shares of AvalonBay Communities in a research report on Wednesday, August 2nd. Deutsche Bank AG increased their price objective on AvalonBay Communities from $193.00 to $195.00 and gave the company a “hold” rating in a research report on Friday, August 18th. The Goldman Sachs Group, Inc. cut AvalonBay Communities from a “buy” rating to a “neutral” rating and set a $196.00 price objective for the company. in a research report on Tuesday, September 5th. Finally, Robert W. Baird reissued a “buy” rating and issued a $202.00 price objective on shares of AvalonBay Communities in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. AvalonBay Communities presently has a consensus rating of “Hold” and a consensus target price of $199.27.

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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