AvalonBay Communities Inc (AVB) Stake Lowered by Profund Advisors LLC

Profund Advisors LLC decreased its stake in shares of AvalonBay Communities Inc (NYSE:AVB) by 24.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,792 shares of the real estate investment trust’s stock after selling 2,233 shares during the quarter. Profund Advisors LLC’s holdings in AvalonBay Communities were worth $1,212,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Candriam Luxembourg S.C.A. grew its position in shares of AvalonBay Communities by 6.6% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 11,496 shares of the real estate investment trust’s stock worth $2,051,000 after buying an additional 716 shares during the period. Magnetar Financial LLC acquired a new stake in shares of AvalonBay Communities during the 3rd quarter worth approximately $772,000. Duff & Phelps Investment Management Co. grew its position in shares of AvalonBay Communities by 16.2% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 545,586 shares of the real estate investment trust’s stock worth $97,338,000 after buying an additional 76,040 shares during the period. Prudential Financial Inc. grew its position in shares of AvalonBay Communities by 76.6% during the 3rd quarter. Prudential Financial Inc. now owns 337,923 shares of the real estate investment trust’s stock worth $60,292,000 after buying an additional 146,610 shares during the period. Finally, Cubist Systematic Strategies LLC grew its position in shares of AvalonBay Communities by 91.2% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 2,250 shares of the real estate investment trust’s stock worth $401,000 after buying an additional 1,073 shares during the period. 94.72% of the stock is owned by institutional investors.

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AvalonBay Communities Inc (AVB) opened at $161.52 on Wednesday. AvalonBay Communities Inc has a twelve month low of $152.65 and a twelve month high of $199.52. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.19 and a quick ratio of 0.19. The stock has a market capitalization of $22,307.95, a price-to-earnings ratio of 25.40, a P/E/G ratio of 2.51 and a beta of 0.42.

AvalonBay Communities (NYSE:AVB) last issued its earnings results on Wednesday, January 31st. The real estate investment trust reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $1.03. AvalonBay Communities had a return on equity of 8.57% and a net margin of 40.62%. The company had revenue of $555.29 million for the quarter, compared to analysts’ expectations of $554.20 million. During the same period last year, the business earned $2.12 EPS. AvalonBay Communities’s quarterly revenue was up 7.1% compared to the same quarter last year. analysts predict that AvalonBay Communities Inc will post 8.97 earnings per share for the current year.

The company also recently announced 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. 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 dividend yield of 3.64%. The ex-dividend date of this dividend is Wednesday, March 28th. AvalonBay Communities’s dividend payout ratio (DPR) is currently 89.31%.

Several analysts have recently commented on AVB shares. BMO Capital Markets reaffirmed a “hold” rating and set a $190.00 price objective on shares of AvalonBay Communities in a research report on Monday, November 27th. JPMorgan Chase & Co. downgraded shares of AvalonBay Communities from an “overweight” rating to a “neutral” rating and set a $211.00 price objective for the company. in a research report on Friday, December 15th. Robert W. Baird reaffirmed a “buy” rating and set a $187.00 price objective on shares of AvalonBay Communities in a research report on Tuesday, January 9th. Stifel Nicolaus reaffirmed a “buy” rating and set a $185.00 price objective on shares of AvalonBay Communities in a research report on Friday, January 19th. Finally, SunTrust Banks set a $194.00 price objective on shares of AvalonBay Communities and gave the stock a “buy” rating in a research report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $191.75.

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

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