AvalonBay Communities, Inc. (AVB) Holdings Cut by American Century Companies Inc.

American Century Companies Inc. decreased its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 80.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,984 shares of the real estate investment trust’s stock after selling 264,052 shares during the period. American Century Companies Inc.’s holdings in AvalonBay Communities were worth $11,773,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. State of Wisconsin Investment Board increased its stake in shares of AvalonBay Communities by 7.2% in the 3rd quarter. State of Wisconsin Investment Board now owns 174,268 shares of the real estate investment trust’s stock valued at $31,093,000 after acquiring an additional 11,694 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in AvalonBay Communities by 1.8% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 22,695 shares of the real estate investment trust’s stock worth $4,049,000 after purchasing an additional 400 shares in the last quarter. Stevens Capital Management LP increased its stake in AvalonBay Communities by 143.9% during the 3rd quarter. Stevens Capital Management LP now owns 72,278 shares of the real estate investment trust’s stock worth $12,896,000 after purchasing an additional 42,640 shares in the last quarter. Old Mutual Global Investors UK Ltd. increased its stake in AvalonBay Communities by 185.9% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 504,090 shares of the real estate investment trust’s stock worth $89,939,000 after purchasing an additional 327,763 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in AvalonBay Communities by 0.7% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 44,861 shares of the real estate investment trust’s stock worth $8,004,000 after purchasing an additional 311 shares in the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Shares of AvalonBay Communities, Inc. (NYSE AVB) traded down $0.21 during trading on Monday, reaching $181.12. The company’s stock had a trading volume of 539,220 shares, compared to its average volume of 677,661. AvalonBay Communities, Inc. has a fifty-two week low of $163.27 and a fifty-two week high of $199.52. The firm has a market cap of $25,039.48, a P/E ratio of 21.36, a price-to-earnings-growth ratio of 2.85 and a beta of 0.35. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.69.

AvalonBay Communities (NYSE:AVB) last posted its earnings results on Monday, October 30th. The real estate investment trust reported $1.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.17 by ($0.45). AvalonBay Communities had a return on equity of 8.66% and a net margin of 41.55%. The firm had revenue of $550.50 million for the quarter, compared to analyst estimates of $539.69 million. During the same period in the prior year, the business posted $2.11 EPS. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. sell-side analysts expect that AvalonBay Communities, Inc. will post 8.62 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Thursday, December 28th. AvalonBay Communities’s dividend payout ratio is currently 88.75%.

A number of analysts recently issued reports on the company. BMO Capital Markets reissued a “hold” rating and set a $190.00 target price on shares of AvalonBay Communities in a research note on Monday, November 27th. UBS raised AvalonBay Communities from a “neutral” rating to a “buy” rating and increased their target price for the stock from $190.00 to $206.00 in a research note on Thursday, November 9th. Royal Bank Of Canada decreased their price target on shares of AvalonBay Communities from $206.00 to $200.00 and set an “outperform” rating for the company in a research note on Monday, November 6th. Mizuho reaffirmed a “buy” rating and set a $220.00 price target on shares of AvalonBay Communities in a research note on Monday, November 6th. Finally, Stifel Nicolaus decreased their price target on shares of AvalonBay Communities from $209.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $199.20.

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About AvalonBay Communities

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.

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

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