Centiva Capital LP Sells 4,395 Shares of AvalonBay Communities, Inc. (NYSE:AVB)

Centiva Capital LP cut its stake in AvalonBay Communities, Inc. (NYSE:AVB) by 74.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,495 shares of the real estate investment trust’s stock after selling 4,395 shares during the period. Centiva Capital LP’s holdings in AvalonBay Communities were worth $329,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ancora Advisors LLC lifted its position in AvalonBay Communities by 1,666.7% in the fourth quarter. Ancora Advisors LLC now owns 159 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 150 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in AvalonBay Communities in the fourth quarter worth $36,000. Crowley Wealth Management Inc. bought a new stake in AvalonBay Communities in the fourth quarter worth $44,000. Generali Asset Management SPA SGR bought a new stake in AvalonBay Communities in the fourth quarter worth $66,000. Finally, Catalyst Capital Advisors LLC lifted its position in shares of AvalonBay Communities by 312.5% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 275 shares during the last quarter. 92.61% of the stock is currently owned by institutional investors.

AvalonBay Communities Stock Performance

AVB stock opened at $205.40 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.64 and a quick ratio of 1.64. The business has a 50-day moving average price of $206.99 and a 200 day moving average price of $217.40. The company has a market capitalization of $29.24 billion, a P/E ratio of 27.06, a PEG ratio of 3.11 and a beta of 0.86. AvalonBay Communities, Inc. has a 1-year low of $180.40 and a 1-year high of $239.29.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.03. The firm had revenue of $693.43 million during the quarter, compared to the consensus estimate of $744.61 million. AvalonBay Communities had a return on equity of 9.15% and a net margin of 37.13%. During the same period in the previous year, the company posted $2.70 earnings per share. As a group, equities research analysts forecast that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

Analysts Set New Price Targets

AVB has been the subject of several research analyst reports. Zelman & Associates upgraded AvalonBay Communities from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 13th. Royal Bank of Canada decreased their target price on AvalonBay Communities from $223.00 to $220.00 and set a “sector perform” rating for the company in a research report on Thursday. BMO Capital Markets downgraded AvalonBay Communities from an “outperform” rating to a “market perform” rating and set a $220.00 target price for the company. in a research report on Friday, April 4th. Truist Financial lifted their target price on AvalonBay Communities from $229.00 to $230.00 and gave the stock a “hold” rating in a research report on Monday, March 10th. Finally, Evercore ISI lifted their target price on AvalonBay Communities from $230.00 to $240.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, AvalonBay Communities presently has a consensus rating of “Hold” and a consensus price target of $238.86.

AvalonBay Communities Profile

AvalonBay Communities, Inc is a real estate investment trust, which engages in the development, acquisition, ownership, and operation of multifamily communities. It operates through the following segments: Same Store, Other Stabilized, and Development or Redevelopment. The Same Store segment refers to the operating communities that were owned and had stabilized occupancy.