Two Sigma Advisers LP reduced its stake in shares of AvalonBay Communities Inc (NYSE:AVB) by 61.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,197 shares of the real estate investment trust’s stock after selling 1,900 shares during the quarter. Two Sigma Advisers LP’s holdings in AvalonBay Communities were worth $214,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. DnB Asset Management AS grew its position in shares of AvalonBay Communities by 2.1% during the 4th quarter. DnB Asset Management AS now owns 14,778 shares of the real estate investment trust’s stock worth $2,637,000 after buying an additional 300 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of AvalonBay Communities by 0.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 58,450 shares of the real estate investment trust’s stock valued at $10,428,000 after purchasing an additional 329 shares during the period. Bartlett & Co. LLC grew its position 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 during the period. Eqis Capital Management Inc. grew its position in shares of AvalonBay Communities by 29.1% in the 4th quarter. Eqis Capital Management Inc. now owns 1,624 shares of the real estate investment trust’s stock valued at $290,000 after purchasing an additional 366 shares during the period. Finally, Dupont Capital Management Corp grew its position in shares of AvalonBay Communities by 1.3% in the 4th quarter. Dupont Capital Management Corp now owns 36,646 shares of the real estate investment trust’s stock valued at $6,538,000 after purchasing an additional 479 shares during the period. Institutional investors own 94.68% of the company’s stock.
Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded AvalonBay Communities from a “sell” rating to a “hold” rating in a research report on Tuesday, April 17th. Jefferies Group reiterated a “hold” rating and issued a $166.00 price objective on shares of AvalonBay Communities in a research report on Friday, April 13th. Citigroup upgraded AvalonBay Communities from a “neutral” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Friday, April 6th. BTIG Research decreased their price objective on AvalonBay Communities to $189.00 and set a “buy” rating for the company in a research report on Thursday, March 15th. Finally, BMO Capital Markets set a $175.00 price objective on AvalonBay Communities and gave the company a “hold” rating in a research report on Friday, March 2nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the company. AvalonBay Communities has a consensus rating of “Hold” and an average price target of $189.24.
NYSE:AVB opened at $161.79 on Thursday. AvalonBay Communities Inc has a twelve month low of $152.65 and a twelve month high of $199.52. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.19 and a quick ratio of 0.19. The company has a market cap of $22,233.38, a price-to-earnings ratio of 18.77, a PEG ratio of 2.52 and a beta of 0.36.
AvalonBay Communities (NYSE:AVB) last released its quarterly earnings results on Tuesday, April 24th. The real estate investment trust reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.01). AvalonBay Communities had a return on equity of 8.57% and a net margin of 40.62%. The firm had revenue of $560.80 million for the quarter, compared to analyst estimates of $556.23 million. During the same period last year, the company earned $2.09 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. sell-side analysts forecast that AvalonBay Communities Inc will post 8.95 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, April 16th. Shareholders of record on Thursday, March 29th were given a dividend of $1.47 per share. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $5.88 dividend on an annualized basis and a yield of 3.63%. This is an increase from AvalonBay Communities’s previous quarterly dividend of $1.42. AvalonBay Communities’s dividend payout ratio is 68.21%.
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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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