San Francisco Sentry Investment Group CA lowered its stake in shares of AvalonBay Communities Inc (NYSE:AVB) by 23.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,531 shares of the real estate investment trust’s stock after selling 1,100 shares during the quarter. San Francisco Sentry Investment Group CA’s holdings in AvalonBay Communities were worth $630,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Bartlett & Co. LLC increased its position in shares of AvalonBay Communities by 112.8% during the fourth quarter. Bartlett & Co. LLC now owns 681 shares of the real estate investment trust’s stock worth $121,000 after acquiring an additional 361 shares during the period. Amica Retiree Medical Trust acquired a new position in shares of AvalonBay Communities during the third quarter worth $132,000. WFG Advisors LP boosted its stake in AvalonBay Communities by 24.9% in the second quarter. WFG Advisors LP now owns 839 shares of the real estate investment trust’s stock valued at $161,000 after acquiring an additional 167 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in AvalonBay Communities in the second quarter valued at $226,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in AvalonBay Communities in the third quarter valued at $227,000. 95.21% of the stock is currently owned by institutional investors and hedge funds.
Shares of AvalonBay Communities Inc (NYSE:AVB) traded up $1.47 on Friday, hitting $162.57. 869,107 shares of the company’s stock were exchanged, compared to its average volume of 1,037,541. The firm has a market cap of $22,448.97, a price-to-earnings ratio of 25.56, a PEG ratio of 2.52 and a beta of 0.34. AvalonBay Communities Inc has a 52 week low of $154.82 and a 52 week high of $199.52. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.10 and a current ratio of 0.10.
AvalonBay Communities (NYSE:AVB) last issued its earnings results on Wednesday, January 31st. The real estate investment trust reported $2.25 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $1.03. AvalonBay Communities had a net margin of 40.62% and a return on equity of 8.57%. The business had revenue of $555.29 million for the quarter, compared to the consensus estimate of $554.20 million. During the same quarter last year, the firm posted $2.12 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. equities research analysts anticipate that AvalonBay Communities Inc will post 9 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend is Wednesday, March 28th. This is an increase from AvalonBay Communities’s previous quarterly dividend of $1.42. AvalonBay Communities’s dividend payout ratio (DPR) is currently 89.31%.
Several equities analysts have issued reports on AVB shares. Zacks Investment Research upgraded shares of AvalonBay Communities from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Stifel Nicolaus decreased their target price on shares of AvalonBay Communities from $209.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, November 1st. Mizuho reiterated a “buy” rating and set a $220.00 target price on shares of AvalonBay Communities in a research note on Monday, November 6th. Royal Bank of Canada cut their price target on shares of AvalonBay Communities from $206.00 to $200.00 and set an “outperform” rating for the company in a report on Monday, November 6th. Finally, UBS Group raised shares of AvalonBay Communities from a “neutral” rating to a “buy” rating and increased their price target for the stock from $190.00 to $206.00 in a report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $194.82.
In other news, insider Leo S. Horey III sold 2,000 shares of AvalonBay Communities stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $181.89, for a total value of $363,780.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy J. Naughton sold 25,160 shares of AvalonBay Communities stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $183.84, for a total transaction of $4,625,414.40. The disclosure for this sale can be found here. Insiders have sold a total of 30,660 shares of company stock worth $5,628,669 in the last ninety days. 0.46% of the stock is currently owned by insiders.
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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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