AvalonBay Communities, Inc. (NYSE:AVB) Holdings Lifted by Golden State Equity Partners

Golden State Equity Partners grew its position in AvalonBay Communities, Inc. (NYSE:AVB) by 1,761.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,601 shares of the real estate investment trust’s stock after purchasing an additional 1,515 shares during the period. Golden State Equity Partners’ holdings in AvalonBay Communities were worth $352,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Strategic Blueprint LLC bought a new position in AvalonBay Communities in the 4th quarter worth about $382,000. Robeco Institutional Asset Management B.V. grew its position in AvalonBay Communities by 0.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 338,796 shares of the real estate investment trust’s stock worth $74,525,000 after purchasing an additional 2,209 shares during the last quarter. Vert Asset Management LLC grew its position in AvalonBay Communities by 9.2% in the 4th quarter. Vert Asset Management LLC now owns 63,461 shares of the real estate investment trust’s stock worth $13,960,000 after purchasing an additional 5,350 shares during the last quarter. Lebenthal Global Advisors LLC grew its position in AvalonBay Communities by 16.7% in the 4th quarter. Lebenthal Global Advisors LLC now owns 2,192 shares of the real estate investment trust’s stock worth $482,000 after purchasing an additional 313 shares during the last quarter. Finally, Foundations Investment Advisors LLC grew its position in AvalonBay Communities by 14.2% in the 4th quarter. Foundations Investment Advisors LLC now owns 1,062 shares of the real estate investment trust’s stock worth $234,000 after purchasing an additional 132 shares during the last quarter. Institutional investors own 92.61% of the company’s stock.

Insiders Place Their Bets

In other AvalonBay Communities news, Director Timothy J. Naughton sold 23,697 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $233.47, for a total value of $5,532,538.59. Following the completion of the sale, the director now owns 87,239 shares in the company, valued at $20,367,689.33. This represents a 21.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.42% of the company’s stock.

AvalonBay Communities Trading Down 0.5 %

AvalonBay Communities stock opened at $220.46 on Tuesday. The company has a 50 day moving average price of $221.93 and a 200 day moving average price of $221.79. AvalonBay Communities, Inc. has a 52 week low of $169.37 and a 52 week high of $239.29. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a market capitalization of $31.36 billion, a price-to-earnings ratio of 30.16, a P/E/G ratio of 3.09 and a beta of 0.99.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $2.61 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.10). AvalonBay Communities had a return on equity of 8.84% and a net margin of 36.20%. The firm had revenue of $734.31 million during the quarter, compared to analyst estimates of $731.67 million. During the same period in the prior year, the business posted $2.66 EPS. Research analysts forecast that AvalonBay Communities, Inc. will post 11.04 EPS for the current year.

AvalonBay Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Tuesday, December 31st. AvalonBay Communities’s dividend payout ratio is 93.02%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Barclays reduced their price target on shares of AvalonBay Communities from $243.00 to $230.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Scotiabank reduced their price target on shares of AvalonBay Communities from $244.00 to $241.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. Royal Bank of Canada reduced their price target on shares of AvalonBay Communities from $234.00 to $233.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 6th. Mizuho raised shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $239.00 to $242.00 in a research note on Monday, January 6th. Finally, Morgan Stanley lowered shares of AvalonBay Communities from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $236.00 to $223.00 in a research note on Friday, January 24th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $234.60.

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.