Zeke Capital Advisors LLC bought a new stake in shares of AvalonBay Communities Inc (NYSE:AVB) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,834 shares of the real estate investment trust’s stock, valued at approximately $862,000.
A number of other large investors have also recently made changes to their positions in AVB. Candriam Luxembourg S.C.A. increased its stake in shares of AvalonBay Communities by 6.6% in the third quarter. Candriam Luxembourg S.C.A. now owns 11,496 shares of the real estate investment trust’s stock worth $2,051,000 after acquiring an additional 716 shares during the last quarter. Magnetar Financial LLC acquired a new position in shares of AvalonBay Communities in the third quarter worth $772,000. Duff & Phelps Investment Management Co. increased its stake in shares of AvalonBay Communities by 16.2% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 545,586 shares of the real estate investment trust’s stock worth $97,338,000 after acquiring an additional 76,040 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of AvalonBay Communities by 76.6% in the third quarter. Prudential Financial Inc. now owns 337,923 shares of the real estate investment trust’s stock worth $60,292,000 after acquiring an additional 146,610 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in shares of AvalonBay Communities by 91.2% in the third quarter. Cubist Systematic Strategies LLC now owns 2,250 shares of the real estate investment trust’s stock worth $401,000 after acquiring an additional 1,073 shares during the last quarter. 94.72% of the stock is currently owned by institutional investors.
AVB has been the topic of a number of research reports. Mizuho set a $185.00 price target on shares of AvalonBay Communities and gave the stock a “buy” rating in a research note on Friday, February 9th. SunTrust Banks set a $194.00 price target on shares of AvalonBay Communities and gave the stock a “buy” rating in a research note on Monday, January 22nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $185.00 price target on shares of AvalonBay Communities in a research note on Friday, January 19th. Robert W. Baird reaffirmed a “buy” rating and issued a $187.00 price target on shares of AvalonBay Communities in a research note on Tuesday, January 9th. Finally, Argus dropped their price target on shares of AvalonBay Communities from $210.00 to $190.00 and set a “buy” rating on the stock in a research note on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $191.06.
Shares of AvalonBay Communities Inc (NYSE AVB) opened at $165.75 on Friday. The stock has a market cap of $22,602.09, a price-to-earnings ratio of 18.99, a P/E/G ratio of 2.55 and a beta of 0.42. AvalonBay Communities Inc has a fifty-two week low of $152.65 and a fifty-two week high of $199.52. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.71.
AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $2.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.22 by $1.03. The firm had revenue of $555.29 million during the quarter, compared to analysts’ expectations of $554.20 million. AvalonBay Communities had a net margin of 40.62% and a return on equity of 8.57%. AvalonBay Communities’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.12 earnings per share. analysts anticipate that AvalonBay Communities Inc will post 8.96 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 29th will be issued a $1.47 dividend. The ex-dividend date is Wednesday, March 28th. This is a boost from AvalonBay Communities’s previous quarterly dividend of $1.42. This represents a $5.88 dividend on an annualized basis and a yield of 3.55%. AvalonBay Communities’s dividend payout ratio is currently 89.31%.
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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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