Vanderbilt University Purchases 5,363 Shares of AvalonBay Communities, Inc. $AVB

Vanderbilt University raised its position in AvalonBay Communities, Inc. (NYSE:AVB) by 41.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,328 shares of the real estate investment trust’s stock after purchasing an additional 5,363 shares during the quarter. AvalonBay Communities accounts for approximately 0.6% of Vanderbilt University’s holdings, making the stock its 24th largest holding. Vanderbilt University’s holdings in AvalonBay Communities were worth $2,994,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AVB. Pensionfund PDN acquired a new stake in AvalonBay Communities in the 4th quarter valued at about $3,648,000. Nordea Investment Management AB increased its position in AvalonBay Communities by 4.1% during the fourth quarter. Nordea Investment Management AB now owns 444,222 shares of the real estate investment trust’s stock worth $80,449,000 after buying an additional 17,352 shares during the last quarter. First Trust Advisors LP increased its position in AvalonBay Communities by 6.4% during the third quarter. First Trust Advisors LP now owns 223,074 shares of the real estate investment trust’s stock worth $43,091,000 after buying an additional 13,356 shares during the last quarter. CIBC Bancorp USA Inc. bought a new stake in AvalonBay Communities in the third quarter valued at approximately $11,058,000. Finally, Fort Washington Investment Advisors Inc. OH bought a new stake in AvalonBay Communities in the fourth quarter valued at approximately $26,237,000. 92.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. UBS Group reduced their target price on AvalonBay Communities from $191.00 to $189.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. Cantor Fitzgerald increased their price target on AvalonBay Communities from $186.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Wall Street Zen raised AvalonBay Communities from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Wolfe Research raised shares of AvalonBay Communities from an “outperform” rating to an “outperform” rating and set a $209.00 price objective for the company in a research report on Monday, June 1st. Finally, Scotiabank decreased their price objective on shares of AvalonBay Communities from $190.00 to $187.00 and set a “sector perform” rating on the stock in a report on Thursday, May 14th. Four equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $195.13.

AvalonBay Communities Trading Up 0.8%

Shares of NYSE:AVB opened at $183.62 on Thursday. AvalonBay Communities, Inc. has a 12-month low of $160.10 and a 12-month high of $206.62. The stock has a market cap of $25.54 billion, a PE ratio of 26.61, a P/E/G ratio of 3.18 and a beta of 0.78. The business has a 50 day moving average of $182.08 and a 200-day moving average of $177.66. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.80.

AvalonBay Communities (NYSE:AVB) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.33 earnings per share for the quarter, missing analysts’ consensus estimates of $2.80 by ($0.47). The firm had revenue of $770.28 million for the quarter, compared to the consensus estimate of $768.80 million. AvalonBay Communities had a return on equity of 9.56% and a net margin of 37.21%.During the same quarter last year, the business posted $2.83 EPS. As a group, equities research analysts forecast that AvalonBay Communities, Inc. will post 11.28 earnings per share for the current year.

AvalonBay Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $1.78 per share. The ex-dividend date is Tuesday, June 30th. This represents a $7.12 annualized dividend and a yield of 3.9%. AvalonBay Communities’s dividend payout ratio (DPR) is presently 103.19%.

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.