WINTON GROUP Ltd decreased its holdings in shares of AvalonBay Communities Inc (NYSE:AVB) by 25.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in AVB. Nationwide Fund Advisors grew its holdings in shares of AvalonBay Communities by 98.3% during the third quarter. Nationwide Fund Advisors now owns 183,361 shares of the real estate investment trust’s stock worth $32,715,000 after buying an additional 90,885 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its holdings in shares of AvalonBay Communities by 1.8% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 22,695 shares of the real estate investment trust’s stock worth $4,049,000 after buying an additional 400 shares in the last quarter. State of Wisconsin Investment Board grew its holdings in shares of AvalonBay Communities by 7.2% during the third quarter. State of Wisconsin Investment Board now owns 174,268 shares of the real estate investment trust’s stock worth $31,093,000 after buying an additional 11,694 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new stake in shares of AvalonBay Communities during the third quarter worth $336,000. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of AvalonBay Communities by 3.4% during the third quarter. Oregon Public Employees Retirement Fund now owns 14,754 shares of the real estate investment trust’s stock worth $2,632,000 after buying an additional 479 shares in the last quarter. 93.69% of the stock is owned by institutional investors and hedge funds.
In other AvalonBay Communities news, insider Leo S. Horey III sold 2,000 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $182.75, for a total value of $365,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Timothy J. Naughton sold 25,160 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $183.84, for a total transaction of $4,625,414.40. The disclosure for this sale can be found here. Insiders sold 28,660 shares of company stock worth $5,264,889 in the last ninety days. 0.46% of the stock is currently owned by corporate insiders.
AvalonBay Communities Inc (NYSE:AVB) opened at $155.96 on Wednesday. AvalonBay Communities Inc has a 1 year low of $152.65 and a 1 year high of $199.52. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.19 and a quick ratio of 0.19. The company has a market cap of $21,553.95, a PE ratio of 24.52, a price-to-earnings-growth ratio of 2.43 and a beta of 0.42.
AvalonBay Communities (NYSE:AVB) last posted its earnings results on Wednesday, January 31st. The real estate investment trust reported $2.25 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $1.03. AvalonBay Communities had a net margin of 40.62% and a return on equity of 8.57%. The company had revenue of $555.29 million for the quarter, compared to analysts’ expectations of $554.20 million. During the same quarter in the prior year, the company posted $2.12 earnings per share. AvalonBay Communities’s revenue for the quarter was up 7.1% compared to the same quarter last year. equities research analysts forecast that AvalonBay Communities Inc will post 8.97 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 29th will be given a $1.47 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $5.88 dividend on an annualized basis and a yield of 3.77%. This is a boost from AvalonBay Communities’s previous quarterly dividend of $1.42. AvalonBay Communities’s dividend payout ratio is presently 89.31%.
A number of equities research analysts have recently issued reports on the stock. UBS Group raised shares of AvalonBay Communities from a “neutral” rating to a “buy” rating and upped their target price for the stock from $190.00 to $206.00 in a report on Thursday, November 9th. BMO Capital Markets reaffirmed a “hold” rating and set a $190.00 target price on shares of AvalonBay Communities in a report on Monday, November 27th. JPMorgan Chase & Co. lowered shares of AvalonBay Communities from an “overweight” rating to a “neutral” rating and set a $211.00 target price for the company. in a report on Friday, December 15th. Robert W. Baird reissued a “buy” rating and issued a $187.00 price objective on shares of AvalonBay Communities in a report on Tuesday, January 9th. Finally, SunTrust Banks set a $194.00 price objective on shares of AvalonBay Communities and gave the company a “buy” rating in a report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $192.35.
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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