Barings LLC Invests $1.34 Million in AvalonBay Communities, Inc. $AVB

Barings LLC bought a new stake in AvalonBay Communities, Inc. (NYSE:AVB) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,454 shares of the real estate investment trust’s stock, valued at approximately $1,338,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Clearstead Trust LLC lifted its position in shares of AvalonBay Communities by 62.0% in the 2nd quarter. Clearstead Trust LLC now owns 162 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 62 shares during the period. Sound Income Strategies LLC boosted its position in AvalonBay Communities by 76.4% during the second quarter. Sound Income Strategies LLC now owns 187 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 81 shares during the last quarter. Keystone Global Partners LLC acquired a new stake in AvalonBay Communities during the 1st quarter worth about $45,000. Zions Bancorporation National Association UT bought a new position in shares of AvalonBay Communities in the 1st quarter worth about $50,000. Finally, Capital Analysts LLC lifted its stake in shares of AvalonBay Communities by 48.5% in the 1st quarter. Capital Analysts LLC now owns 245 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 92.61% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AVB shares. Wall Street Zen raised AvalonBay Communities from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Mizuho restated a “neutral” rating and set a $199.00 price target (down from $213.00) on shares of AvalonBay Communities in a report on Thursday, August 14th. Royal Bank Of Canada lowered their price objective on shares of AvalonBay Communities from $202.00 to $197.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 4th. Evercore ISI reiterated an “in-line” rating and set a $214.00 target price on shares of AvalonBay Communities in a research report on Monday, November 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of AvalonBay Communities in a report on Tuesday, October 14th. Five research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, AvalonBay Communities presently has a consensus rating of “Hold” and an average price target of $209.35.

AvalonBay Communities Price Performance

Shares of NYSE:AVB opened at $180.40 on Friday. AvalonBay Communities, Inc. has a twelve month low of $166.73 and a twelve month high of $239.29. The stock’s 50 day moving average is $184.96 and its 200-day moving average is $194.35. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $25.54 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 2.54 and a beta of 0.84.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.81 by ($0.06). AvalonBay Communities had a net margin of 38.78% and a return on equity of 9.75%. The business had revenue of $766.80 million for the quarter, compared to the consensus estimate of $766.22 million. During the same quarter last year, the firm posted $2.74 EPS. Sell-side analysts forecast that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Wednesday, December 31st. AvalonBay Communities’s dividend payout ratio is currently 85.47%.

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.