Everhart Financial Group Inc. Has $489,000 Stock Holdings in AvalonBay Communities, Inc. (NYSE:AVB)

Everhart Financial Group Inc. increased its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 10.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,277 shares of the real estate investment trust’s stock after purchasing an additional 216 shares during the period. Everhart Financial Group Inc.’s holdings in AvalonBay Communities were worth $489,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AVB. Ancora Advisors LLC lifted its position in shares of AvalonBay Communities by 1,666.7% during the 4th quarter. Ancora Advisors LLC now owns 159 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 150 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in AvalonBay Communities in the 4th quarter valued at approximately $36,000. Crowley Wealth Management Inc. acquired a new position in AvalonBay Communities in the 4th quarter valued at approximately $44,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in AvalonBay Communities in the 4th quarter valued at approximately $53,000. Finally, Continuum Advisory LLC raised its holdings in AvalonBay Communities by 12,200.0% in the 4th quarter. Continuum Advisory LLC now owns 246 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 244 shares in the last quarter. Institutional investors and hedge funds own 92.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Scotiabank cut their price target on AvalonBay Communities from $251.00 to $236.00 and set a “sector perform” rating for the company in a report on Friday. Wall Street Zen cut AvalonBay Communities from a “hold” rating to a “sell” rating in a report on Saturday, May 31st. Barclays upped their price target on AvalonBay Communities from $227.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, May 9th. Morgan Stanley upped their price target on AvalonBay Communities from $226.00 to $228.00 and gave the company an “equal weight” rating in a report on Thursday, May 15th. Finally, BMO Capital Markets cut AvalonBay Communities from an “outperform” rating to a “market perform” rating and set a $220.00 price target for the company. in a report on Friday, April 4th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, AvalonBay Communities presently has a consensus rating of “Hold” and an average target price of $236.79.

AvalonBay Communities Trading Down 1.4%

AVB stock opened at $205.99 on Friday. AvalonBay Communities, Inc. has a 1-year low of $180.40 and a 1-year high of $239.29. The firm has a market cap of $29.33 billion, a P/E ratio of 27.14, a P/E/G ratio of 3.11 and a beta of 0.86. The business’s 50 day moving average is $204.19 and its 200-day moving average is $213.49. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.68.

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. AvalonBay Communities had a return on equity of 9.15% and a net margin of 37.13%. The company had revenue of $693.43 million for the quarter, compared to analyst estimates of $744.61 million. During the same period in the prior year, the company posted $2.70 EPS. Equities analysts anticipate that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $1.75 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $7.00 dividend on an annualized basis and a yield of 3.40%. AvalonBay Communities’s dividend payout ratio (DPR) is presently 87.17%.

About AvalonBay Communities

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.