WINTON GROUP Ltd lessened its stake in shares of AvalonBay Communities Inc (NYSE:AVB) by 25.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,542 shares of the real estate investment trust’s stock after selling 9,772 shares during the quarter. WINTON GROUP Ltd’s holdings in AvalonBay Communities were worth $5,092,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Candriam Luxembourg S.C.A. boosted its holdings in shares of AvalonBay Communities by 6.6% during the third quarter. Candriam Luxembourg S.C.A. now owns 11,496 shares of the real estate investment trust’s stock worth $2,051,000 after purchasing an additional 716 shares during the last quarter. Magnetar Financial LLC acquired a new stake in shares of AvalonBay Communities during the third quarter worth $772,000. Duff & Phelps Investment Management Co. boosted its holdings in shares of AvalonBay Communities by 16.2% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 545,586 shares of the real estate investment trust’s stock worth $97,338,000 after purchasing an additional 76,040 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of AvalonBay Communities by 76.6% during the third quarter. Prudential Financial Inc. now owns 337,923 shares of the real estate investment trust’s stock worth $60,292,000 after purchasing an additional 146,610 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its holdings in shares of AvalonBay Communities by 91.2% during the third quarter. Cubist Systematic Strategies LLC now owns 2,250 shares of the real estate investment trust’s stock worth $401,000 after purchasing an additional 1,073 shares during the last quarter. Hedge funds and other institutional investors own 94.72% of the company’s stock.
AvalonBay Communities Inc (AVB) traded up $1.95 during trading hours on Wednesday, reaching $163.47. The company had a trading volume of 798,380 shares, compared to its average volume of 1,040,000. The firm has a market capitalization of $22,570.00, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 2.51 and a beta of 0.42. AvalonBay Communities Inc has a fifty-two week low of $152.65 and a fifty-two week high of $199.52. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.71.
AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $2.25 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $1.03. The business had revenue of $555.29 million during the quarter, compared to the consensus estimate of $554.20 million. AvalonBay Communities had a return on equity of 8.57% and a net margin of 40.62%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $2.12 earnings per share. analysts expect that AvalonBay Communities Inc will post 8.97 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 29th will be paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.60%. This is an increase from AvalonBay Communities’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Wednesday, March 28th. AvalonBay Communities’s dividend payout ratio (DPR) is 89.73%.
Several equities research analysts have recently issued reports on AVB shares. Mizuho set a $185.00 price objective on AvalonBay Communities and gave the stock a “buy” rating in a report on Friday, February 9th. SunTrust Banks set a $194.00 target price on AvalonBay Communities and gave the company a “buy” rating in a report on Monday, January 22nd. Stifel Nicolaus reiterated a “buy” rating and issued a $185.00 target price on shares of AvalonBay Communities in a report on Friday, January 19th. Robert W. Baird reiterated a “buy” rating and issued a $187.00 target price on shares of AvalonBay Communities in a report on Tuesday, January 9th. Finally, Argus reduced their target price on AvalonBay Communities from $210.00 to $190.00 and set a “buy” rating on the stock in a report on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $191.75.
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About AvalonBay Communities
AvalonBay Communities, Inc is a real estate investment trust (REIT). The Company is focused on the development, redevelopment, acquisition, ownership and operation of multifamily communities primarily in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California.
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