AvalonBay Communities, Inc. $AVB Shares Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. lifted its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 243.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,376 shares of the real estate investment trust’s stock after acquiring an additional 2,392 shares during the quarter. Fox Run Management L.L.C.’s holdings in AvalonBay Communities were worth $687,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Sound Income Strategies LLC boosted its position in AvalonBay Communities by 76.4% during the second quarter. Sound Income Strategies LLC now owns 187 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 81 shares in the last quarter. Keystone Global Partners LLC acquired a new position in shares of AvalonBay Communities during the 1st quarter worth $45,000. Zions Bancorporation National Association UT acquired a new position in shares of AvalonBay Communities during the 1st quarter worth $50,000. Capital Analysts LLC boosted its position in shares of AvalonBay Communities by 48.5% in the 1st quarter. Capital Analysts LLC now owns 245 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 80 shares in the last quarter. Finally, Hilltop National Bank acquired a new stake in AvalonBay Communities in the 2nd quarter valued at about $58,000. 92.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AVB has been the subject of a number of research reports. Morgan Stanley upgraded shares of AvalonBay Communities from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $228.00 to $225.00 in a research report on Wednesday, August 13th. Barclays raised their price objective on shares of AvalonBay Communities from $228.00 to $229.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 30th. Scotiabank cut their price objective on AvalonBay Communities from $215.00 to $193.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 4th. Wells Fargo & Company reduced their target price on AvalonBay Communities from $213.00 to $193.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of AvalonBay Communities in a research report on Tuesday, October 14th. Five equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, AvalonBay Communities has a consensus rating of “Hold” and a consensus price target of $209.54.

AvalonBay Communities Stock Performance

NYSE:AVB opened at $176.79 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market cap of $25.17 billion, a PE ratio of 21.59, a P/E/G ratio of 2.54 and a beta of 0.84. The firm has a 50 day simple moving average of $187.79 and a 200-day simple moving average of $196.21. AvalonBay Communities, Inc. has a 1-year low of $166.73 and a 1-year high of $239.29.

AvalonBay Communities (NYSE:AVB) last released its earnings results on Thursday, October 30th. The real estate investment trust reported $2.75 EPS for the quarter, missing the consensus estimate of $2.81 by ($0.06). The firm had revenue of $766.80 million during the quarter, compared to analysts’ expectations of $766.22 million. AvalonBay Communities had a return on equity of 9.75% and a net margin of 38.78%.During the same period in the previous year, the firm posted $2.74 earnings per share. On average, equities analysts expect that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a $1.75 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 4.0%. AvalonBay Communities’s payout ratio is currently 85.47%.

AvalonBay Communities Company 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.