Eaton Vance Management Reduces Position in AvalonBay Communities, Inc. (AVB), Report finds

Eaton Vance Management Reduces Position in AvalonBay Communities, Inc. (AVB), Report finds

Eaton Vance Management cut its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 4.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 194,095 shares of the real estate investment trust’s stock after selling 9,033 shares during the period. Eaton Vance Management owned about 0.14% of AvalonBay Communities worth $34,518,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AVB. Bronfman E.L. Rothschild L.P. boosted its stake in shares of AvalonBay Communities by 444.9% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 583 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 476 shares during the period. Wolverine Asset Management LLC bought a new stake in shares of AvalonBay Communities during the second quarter worth $125,000. IFP Advisors Inc boosted its stake in shares of AvalonBay Communities by 0.3% in the second quarter. IFP Advisors Inc now owns 1,006 shares of the real estate investment trust’s stock worth $181,000 after buying an additional 3 shares during the period. First Citizens Bank & Trust Co. boosted its stake in shares of AvalonBay Communities by 16.5% in the second quarter. First Citizens Bank & Trust Co. now owns 1,358 shares of the real estate investment trust’s stock worth $245,000 after buying an additional 192 shares during the period. Finally, Advisor Group Inc. boosted its stake in shares of AvalonBay Communities by 10.8% in the third quarter. Advisor Group Inc. now owns 1,692 shares of the real estate investment trust’s stock worth $300,000 after buying an additional 165 shares during the period. 97.81% of the stock is owned by hedge funds and other institutional investors.

Shares of AvalonBay Communities, Inc. (NYSE:AVB) traded up 1.58% on Wednesday, reaching $178.50. 928,130 shares of the company’s stock traded hands. The company has a 50 day moving average price of $175.44 and a 200 day moving average price of $173.50. The firm has a market capitalization of $24.52 billion, a price-to-earnings ratio of 23.74 and a beta of 0.33. AvalonBay Communities, Inc. has a 52 week low of $158.32 and a 52 week high of $192.29.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings results on Wednesday, February 1st. The real estate investment trust reported $2.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.94. AvalonBay Communities had a net margin of 50.56% and a return on equity of 10.36%. The business earned $518.24 million during the quarter, compared to analyst estimates of $517.45 million. During the same period in the previous year, the business posted $1.99 EPS. The company’s quarterly revenue was up 7.8% on a year-over-year basis. On average, equities research analysts predict that AvalonBay Communities, Inc. will post $4.67 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be issued a $1.42 dividend. The ex-dividend date of this dividend is Wednesday, March 29th. This is a positive change from AvalonBay Communities’s previous quarterly dividend of $1.35. This represents a $5.68 annualized dividend and a dividend yield of 3.18%. AvalonBay Communities’s payout ratio is 71.81%.

A number of brokerages recently weighed in on AVB. Zacks Investment Research cut shares of AvalonBay Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, December 13th. Barclays PLC reduced their price target on shares of AvalonBay Communities from $178.00 to $167.00 and set an “equal weight” rating for the company in a research report on Monday, January 23rd. Bank of America Corporation cut shares of AvalonBay Communities from a “buy” rating to a “neutral” rating and set a $179.00 target price for the company. in a report on Wednesday, November 23rd. Mizuho reaffirmed a “buy” rating on shares of AvalonBay Communities in a report on Friday, December 23rd. Finally, Cantor Fitzgerald set a $188.00 target price on shares of AvalonBay Communities and gave the company a “hold” rating in a report on Monday, October 24th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $189.77.

AvalonBay Communities Company Profile

AvalonBay Communities, Inc is a real estate investment trust. The Company focuses 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.

Want to see what other hedge funds are holding AVB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AvalonBay Communities, Inc. (NYSE:AVB).

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Eaton Vance Management Reduces Position in AvalonBay Communities, Inc. (AVB)

Eaton Vance Management Reduces Position in AvalonBay Communities, Inc. (AVB)

Eaton Vance Management cut its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 4.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 194,095 shares of the real estate investment trust’s stock after selling 9,033 shares during the period. Eaton Vance Management owned about 0.14% of AvalonBay Communities worth $34,518,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AVB. Bronfman E.L. Rothschild L.P. boosted its stake in shares of AvalonBay Communities by 444.9% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 583 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 476 shares during the period. Wolverine Asset Management LLC bought a new stake in shares of AvalonBay Communities during the second quarter worth $125,000. IFP Advisors Inc boosted its stake in shares of AvalonBay Communities by 0.3% in the second quarter. IFP Advisors Inc now owns 1,006 shares of the real estate investment trust’s stock worth $181,000 after buying an additional 3 shares during the period. First Citizens Bank & Trust Co. boosted its stake in shares of AvalonBay Communities by 16.5% in the second quarter. First Citizens Bank & Trust Co. now owns 1,358 shares of the real estate investment trust’s stock worth $245,000 after buying an additional 192 shares during the period. Finally, Advisor Group Inc. boosted its stake in shares of AvalonBay Communities by 10.8% in the third quarter. Advisor Group Inc. now owns 1,692 shares of the real estate investment trust’s stock worth $300,000 after buying an additional 165 shares during the period. 97.81% of the stock is owned by hedge funds and other institutional investors.

Shares of AvalonBay Communities, Inc. (NYSE:AVB) traded up 1.58% on Wednesday, reaching $178.50. 928,130 shares of the company’s stock traded hands. The company has a 50 day moving average price of $175.44 and a 200 day moving average price of $173.50. The firm has a market capitalization of $24.52 billion, a price-to-earnings ratio of 23.74 and a beta of 0.33. AvalonBay Communities, Inc. has a 52 week low of $158.32 and a 52 week high of $192.29.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings results on Wednesday, February 1st. The real estate investment trust reported $2.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.94. AvalonBay Communities had a net margin of 50.56% and a return on equity of 10.36%. The business earned $518.24 million during the quarter, compared to analyst estimates of $517.45 million. During the same period in the previous year, the business posted $1.99 EPS. The company’s quarterly revenue was up 7.8% on a year-over-year basis. On average, equities research analysts predict that AvalonBay Communities, Inc. will post $4.67 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be issued a $1.42 dividend. The ex-dividend date of this dividend is Wednesday, March 29th. This is a positive change from AvalonBay Communities’s previous quarterly dividend of $1.35. This represents a $5.68 annualized dividend and a dividend yield of 3.18%. AvalonBay Communities’s payout ratio is 71.81%.

A number of brokerages recently weighed in on AVB. Zacks Investment Research cut shares of AvalonBay Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, December 13th. Barclays PLC reduced their price target on shares of AvalonBay Communities from $178.00 to $167.00 and set an “equal weight” rating for the company in a research report on Monday, January 23rd. Bank of America Corporation cut shares of AvalonBay Communities from a “buy” rating to a “neutral” rating and set a $179.00 target price for the company. in a report on Wednesday, November 23rd. Mizuho reaffirmed a “buy” rating on shares of AvalonBay Communities in a report on Friday, December 23rd. Finally, Cantor Fitzgerald set a $188.00 target price on shares of AvalonBay Communities and gave the company a “hold” rating in a report on Monday, October 24th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $189.77.

AvalonBay Communities Company Profile

AvalonBay Communities, Inc is a real estate investment trust. The Company focuses 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.

Want to see what other hedge funds are holding AVB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AvalonBay Communities, Inc. (NYSE:AVB).

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