Inceptionr LLC Invests $2.19 Million in AvalonBay Communities, Inc. $AVB

Inceptionr LLC purchased a new position in AvalonBay Communities, Inc. (NYSE:AVBFree Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 13,375 shares of the real estate investment trust’s stock, valued at approximately $2,185,000. AvalonBay Communities comprises about 0.5% of Inceptionr LLC’s holdings, making the stock its 6th largest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Clearstead Trust LLC grew its holdings in AvalonBay Communities by 56.0% during the 1st quarter. Clearstead Trust LLC now owns 156 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 56 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of AvalonBay Communities by 1.8% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,358 shares of the real estate investment trust’s stock valued at $649,000 after purchasing an additional 60 shares in the last quarter. Keybank National Association OH raised its stake in shares of AvalonBay Communities by 2.6% in the 4th quarter. Keybank National Association OH now owns 2,458 shares of the real estate investment trust’s stock valued at $446,000 after purchasing an additional 62 shares in the last quarter. Arbor Capital Management Inc. ADV lifted its position in shares of AvalonBay Communities by 1.4% during the first quarter. Arbor Capital Management Inc. ADV now owns 6,540 shares of the real estate investment trust’s stock worth $1,090,000 after purchasing an additional 90 shares during the last quarter. Finally, Phoenix Financial Ltd. lifted its position in shares of AvalonBay Communities by 5.7% during the fourth quarter. Phoenix Financial Ltd. now owns 1,713 shares of the real estate investment trust’s stock worth $311,000 after purchasing an additional 92 shares during the last quarter. 92.61% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting AvalonBay Communities

Here are the key news stories impacting AvalonBay Communities this week:

Analyst Ratings Changes

Several analysts have issued reports on the company. Barclays restated an “equal weight” rating and set a $205.00 price objective (up from $203.00) on shares of AvalonBay Communities in a research note on Tuesday, July 14th. UBS Group decreased their target price on AvalonBay Communities from $191.00 to $189.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. Royal Bank Of Canada boosted their price target on AvalonBay Communities from $180.00 to $188.00 and gave the company a “sector perform” rating in a report on Wednesday, April 29th. Scotiabank upped their price target on AvalonBay Communities from $187.00 to $195.00 and gave the company a “sector perform” rating in a research report on Thursday, July 9th. Finally, Wall Street Zen upgraded AvalonBay Communities from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Three equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $196.80.

Get Our Latest Report on AVB

AvalonBay Communities Trading Up 0.4%

NYSE:AVB opened at $190.98 on Friday. AvalonBay Communities, Inc. has a 1 year low of $160.10 and a 1 year high of $203.29. The stock has a market cap of $27.13 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 3.31 and a beta of 0.77. The business has a fifty day moving average of $187.32 and a 200-day moving average of $179.36. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.62 and a current ratio of 0.62.

AvalonBay Communities (NYSE:AVBGet Free Report) last released its earnings results on Wednesday, July 22nd. The real estate investment trust reported $1.11 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.12). AvalonBay Communities had a net margin of 33.33% and a return on equity of 8.64%. The company had revenue of $777.77 million for the quarter, compared to analyst estimates of $772.37 million. During the same period in the previous year, the business posted $2.82 EPS. Equities analysts predict that AvalonBay Communities, Inc. will post 11.28 earnings per share for the current year.

AvalonBay Communities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $1.78 per share. The ex-dividend date was Tuesday, June 30th. This represents a $7.12 annualized dividend and a dividend yield of 3.7%. AvalonBay Communities’s dividend payout ratio (DPR) is 103.19%.

AvalonBay Communities Company Profile

(Free Report)

AvalonBay Communities, Inc (NYSE: AVB) is a publicly traded real estate investment trust (REIT) that owns, develops, redevelops and manages multifamily residential properties. The company focuses on professionally managed apartment communities, offering a range of rental housing options and related resident services. As a REIT, AvalonBay’s core activities center on the acquisition and development of apartment assets and the ongoing operations and leasing of those communities.

AvalonBay’s operating activities include ground-up development, strategic redevelopment of existing properties, property and asset management, and on-site leasing and resident services.

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Institutional Ownership by Quarter for AvalonBay Communities (NYSE:AVB)

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