Robeco Institutional Asset Management B.V. lowered its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 16.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,696 shares of the real estate investment trust’s stock after selling 14,834 shares during the period. Robeco Institutional Asset Management B.V. owned 0.06% of AvalonBay Communities worth $13,861,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of AVB. Creative Planning lifted its position in shares of AvalonBay Communities by 0.4% during the second quarter. Creative Planning now owns 542 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 2 shares in the last quarter. WFG Advisors LP lifted its position in shares of AvalonBay Communities by 24.9% during the second quarter. WFG Advisors LP now owns 839 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 167 shares in the last quarter. Eqis Capital Management Inc. purchased a new stake in shares of AvalonBay Communities in the second quarter worth $201,000. Bbva Compass Bancshares Inc. purchased a new stake in shares of AvalonBay Communities in the second quarter worth $206,000. Finally, West Oak Capital LLC raised its position in shares of AvalonBay Communities by 5.7% in the second quarter. West Oak Capital LLC now owns 1,120 shares of the real estate investment trust’s stock worth $215,000 after buying an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.
Shares of AvalonBay Communities, Inc. (NYSE AVB) traded down $0.31 during trading hours on Friday, hitting $187.16. The stock had a trading volume of 460,700 shares, compared to its average volume of 686,482. AvalonBay Communities, Inc. has a 52-week low of $158.32 and a 52-week high of $199.52. The company has a market capitalization of $25,887.34, a PE ratio of 22.08, a P/E/G ratio of 2.95 and a beta of 0.36. The company has a quick ratio of 0.17, a current ratio of 0.10 and a debt-to-equity ratio of 0.69.
AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.17 by ($0.45). AvalonBay Communities had a net margin of 41.55% and a return on equity of 8.66%. The company had revenue of $550.50 million for the quarter, compared to the consensus estimate of $539.69 million. During the same period last year, the business posted $2.11 earnings per share. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. research analysts expect that AvalonBay Communities, Inc. will post 8.61 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a dividend of $1.42 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.03%. AvalonBay Communities’s dividend payout ratio (DPR) is currently 88.75%.
AVB has been the topic of a number of recent analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $209.00 price objective on shares of AvalonBay Communities in a research report on Wednesday, October 4th. Robert W. Baird reiterated a “buy” rating and issued a $202.00 price objective on shares of AvalonBay Communities in a research report on Friday, September 1st. Royal Bank of Canada reiterated a “buy” rating and issued a $203.00 price objective on shares of AvalonBay Communities in a research report on Sunday, July 16th. Mizuho reiterated a “buy” rating and issued a $220.00 price objective on shares of AvalonBay Communities in a research report on Monday, November 6th. Finally, UBS AG upgraded AvalonBay Communities from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $190.00 to $206.00 in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. AvalonBay Communities currently has an average rating of “Hold” and an average price target of $199.27.
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AvalonBay Communities Company Profile
AvalonBay Communities, Inc is a real estate investment trust (REIT). The Company is focused on the development, redevelopment, acquisition, ownership and operation of multifamily communities primarily in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California.
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