United Capital Financial Advisors LLC Makes New $835,000 Investment in AvalonBay Communities, Inc. $AVB

United Capital Financial Advisors LLC acquired a new position in shares of AvalonBay Communities, Inc. (NYSE:AVBFree Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,424 shares of the real estate investment trust’s stock, valued at approximately $835,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC lifted its holdings in AvalonBay Communities by 5.7% during the 1st quarter. Empowered Funds LLC now owns 2,723 shares of the real estate investment trust’s stock worth $584,000 after purchasing an additional 148 shares during the last quarter. Guggenheim Capital LLC grew its holdings in AvalonBay Communities by 2.8% in the 2nd quarter. Guggenheim Capital LLC now owns 4,759 shares of the real estate investment trust’s stock valued at $968,000 after buying an additional 129 shares in the last quarter. Baird Financial Group Inc. acquired a new position in AvalonBay Communities in the 2nd quarter valued at $1,374,000. Cresset Asset Management LLC increased its position in AvalonBay Communities by 14.2% during the 2nd quarter. Cresset Asset Management LLC now owns 2,890 shares of the real estate investment trust’s stock worth $591,000 after buying an additional 360 shares during the period. Finally, Bank of Nova Scotia increased its position in AvalonBay Communities by 9.5% during the 2nd quarter. Bank of Nova Scotia now owns 18,854 shares of the real estate investment trust’s stock worth $3,837,000 after buying an additional 1,629 shares during the period. Institutional investors and hedge funds own 92.61% of the company’s stock.

AvalonBay Communities Price Performance

Shares of NYSE AVB opened at $184.06 on Monday. The stock has a market capitalization of $26.28 billion, a PE ratio of 30.08, a P/E/G ratio of 2.98 and a beta of 0.76. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.54 and a quick ratio of 0.54. The business has a fifty day moving average price of $188.02 and a two-hundred day moving average price of $180.82. AvalonBay Communities, Inc. has a fifty-two week low of $160.10 and a fifty-two week high of $198.63.

AvalonBay Communities (NYSE:AVBGet Free Report) last released its earnings results on Thursday, July 23rd. The real estate investment trust reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.12). The company had revenue of $777.77 million for the quarter, compared to the consensus estimate of $772.37 million. AvalonBay Communities had a net margin of 33.33% and a return on equity of 8.58%. During the same quarter in the previous year, the company posted $2.82 earnings per share. As a group, equities analysts predict that AvalonBay Communities, Inc. will post 11.33 earnings per share for the current fiscal year.

AvalonBay Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $1.78 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $7.12 annualized dividend and a yield of 3.9%. AvalonBay Communities’s dividend payout ratio is currently 116.34%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AVB. Jefferies Financial Group raised shares of AvalonBay Communities to a “hold” rating in a research report on Wednesday, July 22nd. Barclays raised their price target on shares of AvalonBay Communities from $205.00 to $206.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Scotiabank lifted their price objective on shares of AvalonBay Communities from $187.00 to $195.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 9th. Wall Street Zen upgraded shares of AvalonBay Communities from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, UBS Group cut their price objective on shares of AvalonBay Communities from $191.00 to $189.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $196.87.

Check Out Our Latest Research Report on AvalonBay Communities

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.

Recommended Stories

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

Receive News & Ratings for AvalonBay Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AvalonBay Communities and related companies with MarketBeat.com's FREE daily email newsletter.