Nisa Investment Advisors LLC Sells 4,540 Shares of AvalonBay Communities, Inc. $AVB

Nisa Investment Advisors LLC reduced its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 9.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,906 shares of the real estate investment trust’s stock after selling 4,540 shares during the period. Nisa Investment Advisors LLC’s holdings in AvalonBay Communities were worth $8,048,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Mather Group LLC. bought a new stake in AvalonBay Communities in the 3rd quarter valued at approximately $30,000. BOKF NA acquired a new position in AvalonBay Communities during the 3rd quarter worth approximately $31,000. AlphaQuest LLC bought a new position in shares of AvalonBay Communities during the 3rd quarter worth approximately $33,000. Headlands Technologies LLC bought a new position in shares of AvalonBay Communities during the 2nd quarter worth approximately $36,000. Finally, Fulcrum Asset Management LLP acquired a new stake in shares of AvalonBay Communities in the third quarter valued at approximately $37,000. Institutional investors and hedge funds own 92.61% of the company’s stock.

AvalonBay Communities Trading Up 1.1%

NYSE AVB opened at $165.07 on Thursday. The company has a market cap of $23.12 billion, a PE ratio of 20.15, a PEG ratio of 2.86 and a beta of 0.75. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.79. AvalonBay Communities, Inc. has a 12 month low of $160.10 and a 12 month high of $216.47. The stock has a 50 day moving average of $173.04 and a 200-day moving average of $179.43.

AvalonBay Communities (NYSE:AVB) last issued its earnings results on Thursday, February 5th. The real estate investment trust reported $2.85 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.01. AvalonBay Communities had a net margin of 34.57% and a return on equity of 8.78%. The business had revenue of $767.86 million for the quarter, compared to the consensus estimate of $766.38 million. During the same period in the previous year, the company earned $2.80 earnings per share. On average, equities research analysts anticipate that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $1.78 dividend. This is a boost from AvalonBay Communities’s previous quarterly dividend of $1.75. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $7.12 dividend on an annualized basis and a dividend yield of 4.3%. AvalonBay Communities’s payout ratio is 86.94%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AVB shares. Royal Bank Of Canada cut their price objective on shares of AvalonBay Communities from $191.00 to $187.00 and set a “sector perform” rating on the stock in a research report on Friday, February 6th. UBS Group lowered their price target on shares of AvalonBay Communities from $192.00 to $191.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Cantor Fitzgerald boosted their price target on shares of AvalonBay Communities from $179.00 to $186.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Weiss Ratings restated a “hold (c)” rating on shares of AvalonBay Communities in a research note on Friday, January 9th. Finally, Truist Financial decreased their price objective on AvalonBay Communities from $203.00 to $201.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $198.44.

AvalonBay Communities Company 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.