Focus Partners Advisor Solutions LLC Has $290,000 Stock Position in AvalonBay Communities, Inc. (NYSE:AVB)

Focus Partners Advisor Solutions LLC lessened its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 48.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,320 shares of the real estate investment trust’s stock after selling 1,249 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in AvalonBay Communities were worth $290,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Continuum Advisory LLC lifted its holdings in shares of AvalonBay Communities by 12,200.0% during the fourth quarter. Continuum Advisory LLC now owns 246 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 244 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of AvalonBay Communities by 3.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,772,998 shares of the real estate investment trust’s stock worth $390,006,000 after purchasing an additional 57,948 shares during the period. Voloridge Investment Management LLC lifted its holdings in shares of AvalonBay Communities by 6.2% during the fourth quarter. Voloridge Investment Management LLC now owns 225,926 shares of the real estate investment trust’s stock worth $49,697,000 after purchasing an additional 13,286 shares during the period. Woodline Partners LP acquired a new position in shares of AvalonBay Communities during the fourth quarter worth $31,283,000. Finally, Sophron Capital Management L.P. acquired a new position in shares of AvalonBay Communities during the fourth quarter worth $11,754,000. Institutional investors and hedge funds own 92.61% of the company’s stock.

AvalonBay Communities Trading Down 0.9%

AVB opened at $198.13 on Monday. AvalonBay Communities, Inc. has a 1-year low of $180.40 and a 1-year high of $239.29. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.68. The company has a market cap of $28.21 billion, a P/E ratio of 26.10, a price-to-earnings-growth ratio of 3.11 and a beta of 0.86. The company has a fifty day moving average price of $205.10 and a two-hundred day moving average price of $216.00.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.03. AvalonBay Communities had a net margin of 37.13% and a return on equity of 9.15%. The firm had revenue of $693.43 million during the quarter, compared to the consensus estimate of $744.61 million. During the same period in the previous year, the firm posted $2.70 earnings per share. Analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Monday, June 30th. AvalonBay Communities’s dividend payout ratio (DPR) is currently 87.17%.

Analysts Set New Price Targets

AVB has been the topic of a number of recent research reports. Royal Bank of Canada cut their price target on shares of AvalonBay Communities from $223.00 to $220.00 and set a “sector perform” rating on the stock in a report on Thursday, May 8th. Evercore ISI lifted their price target on shares of AvalonBay Communities from $230.00 to $240.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Mizuho dropped their target price on shares of AvalonBay Communities from $238.00 to $213.00 and set an “outperform” rating on the stock in a report on Friday. Zelman & Associates upgraded shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating in a report on Thursday, February 13th. Finally, Scotiabank boosted their target price on shares of AvalonBay Communities from $241.00 to $251.00 and gave the company a “sector perform” rating in a report on Monday, May 12th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $237.86.

AvalonBay Communities Profile

AvalonBay Communities, Inc is a real estate investment trust, which engages in the development, acquisition, ownership, and operation of multifamily communities. It operates through the following segments: Same Store, Other Stabilized, and Development or Redevelopment. The Same Store segment refers to the operating communities that were owned and had stabilized occupancy.