TD Private Client Wealth LLC Acquires 3,382 Shares of AvalonBay Communities, Inc. $AVB

TD Private Client Wealth LLC boosted its holdings in AvalonBay Communities, Inc. (NYSE:AVB) by 1,190.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,666 shares of the real estate investment trust’s stock after purchasing an additional 3,382 shares during the quarter. TD Private Client Wealth LLC’s holdings in AvalonBay Communities were worth $708,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mather Group LLC. bought a new stake in shares of AvalonBay Communities in the 3rd quarter valued at $30,000. Clearstead Trust LLC increased its stake in AvalonBay Communities by 62.0% in the second quarter. Clearstead Trust LLC now owns 162 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 62 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of AvalonBay Communities during the second quarter valued at about $36,000. Sound Income Strategies LLC raised its holdings in shares of AvalonBay Communities by 76.4% during the second quarter. Sound Income Strategies LLC now owns 187 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 81 shares during the period. Finally, Hilltop National Bank bought a new position in shares of AvalonBay Communities during the 2nd quarter worth about $58,000. 92.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AVB. Wall Street Zen raised AvalonBay Communities from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Evercore ISI restated an “in-line” rating and set a $214.00 price objective on shares of AvalonBay Communities in a report on Monday, November 3rd. Colliers Securities reiterated a “neutral” rating and issued a $195.00 target price (down from $200.00) on shares of AvalonBay Communities in a report on Thursday, December 4th. Royal Bank Of Canada reduced their price target on shares of AvalonBay Communities from $202.00 to $197.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 4th. Finally, BNP Paribas lowered shares of AvalonBay Communities from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Six research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $205.89.

AvalonBay Communities Price Performance

Shares of NYSE:AVB opened at $180.74 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.72. The stock has a market cap of $25.59 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 3.06 and a beta of 0.75. The stock’s fifty day simple moving average is $179.83 and its two-hundred day simple moving average is $187.75. AvalonBay Communities, Inc. has a 1-year low of $166.73 and a 1-year high of $230.21.

AvalonBay Communities (NYSE:AVB) last announced its earnings results on Thursday, October 30th. The real estate investment trust reported $2.75 EPS for the quarter, missing the consensus estimate of $2.81 by ($0.06). AvalonBay Communities had a net margin of 38.78% and a return on equity of 9.72%. The firm had revenue of $766.80 million during the quarter, compared to analysts’ expectations of $766.22 million. During the same quarter in the prior year, the company earned $2.74 EPS. As a group, analysts forecast that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Wednesday, December 31st. AvalonBay Communities’s payout ratio is presently 85.47%.

AvalonBay Communities Profile

AvalonBay Communities, Inc (NYSE: AVB) is a publicly traded real estate investment trust (REIT) that owns, develops, redevelops and manages multifamily residential properties. The company focuses on professionally managed apartment communities, offering a range of rental housing options and related resident services. As a REIT, AvalonBay’s core activities center on the acquisition and development of apartment assets and the ongoing operations and leasing of those communities.

AvalonBay’s operating activities include ground-up development, strategic redevelopment of existing properties, property and asset management, and on-site leasing and resident services.