AvalonBay Communities, Inc. $AVB Shares Sold by APG Asset Management US Inc.

APG Asset Management US Inc. reduced its position in AvalonBay Communities, Inc. (NYSE:AVBFree Report) by 16.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,849 shares of the real estate investment trust’s stock after selling 21,567 shares during the period. APG Asset Management US Inc. owned about 0.07% of AvalonBay Communities worth $20,256,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. PFG Investments LLC increased its position in shares of AvalonBay Communities by 4.4% in the third quarter. PFG Investments LLC now owns 1,456 shares of the real estate investment trust’s stock valued at $281,000 after buying an additional 61 shares in the last quarter. Clearstead Trust LLC grew its stake in AvalonBay Communities by 62.0% in the 2nd quarter. Clearstead Trust LLC now owns 162 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 62 shares during the last quarter. Global Retirement Partners LLC increased its holdings in AvalonBay Communities by 13.3% during the 3rd quarter. Global Retirement Partners LLC now owns 564 shares of the real estate investment trust’s stock valued at $109,000 after acquiring an additional 66 shares in the last quarter. EPG Wealth Management LLC increased its holdings in AvalonBay Communities by 3.3% during the 2nd quarter. EPG Wealth Management LLC now owns 2,227 shares of the real estate investment trust’s stock valued at $453,000 after acquiring an additional 72 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in AvalonBay Communities by 0.9% during the second quarter. Steward Partners Investment Advisory LLC now owns 8,126 shares of the real estate investment trust’s stock worth $1,654,000 after acquiring an additional 76 shares during the last quarter. 92.61% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several analysts have recently commented on AVB shares. Citigroup lowered their price target on shares of AvalonBay Communities from $212.00 to $198.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. Cantor Fitzgerald upped their target price on AvalonBay Communities from $179.00 to $186.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Evercore reissued an “in-line” rating and set a $214.00 price target on shares of AvalonBay Communities in a research report on Monday, November 3rd. UBS Group cut their price target on AvalonBay Communities from $192.00 to $191.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Finally, Wells Fargo & Company decreased their price objective on AvalonBay Communities from $213.00 to $193.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. Five research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $200.91.

Read Our Latest Research Report on AvalonBay Communities

AvalonBay Communities Stock Down 1.4%

AVB stock opened at $177.18 on Friday. The company has a 50 day moving average price of $178.69 and a two-hundred day moving average price of $183.22. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $25.09 billion, a P/E ratio of 21.63, a PEG ratio of 3.11 and a beta of 0.76. AvalonBay Communities, Inc. has a one year low of $166.73 and a one year high of $230.21.

AvalonBay Communities (NYSE:AVBGet Free Report) last posted its quarterly earnings data on Thursday, February 5th. The real estate investment trust reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.01. The business had revenue of $767.86 million for the quarter, compared to analysts’ expectations of $766.38 million. AvalonBay Communities had a return on equity of 8.78% and a net margin of 34.57%.During the same quarter last year, the firm earned $2.80 earnings per share. As a group, sell-side analysts expect that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $1.78 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $7.12 dividend on an annualized basis and a dividend yield of 4.0%. This is an increase from AvalonBay Communities’s previous quarterly dividend of $1.75. AvalonBay Communities’s dividend payout ratio is currently 85.47%.

About AvalonBay Communities

(Free Report)

AvalonBay Communities, Inc (NYSE: AVB) is a publicly traded real estate investment trust (REIT) that owns, develops, redevelops and manages multifamily residential properties. The company focuses on professionally managed apartment communities, offering a range of rental housing options and related resident services. As a REIT, AvalonBay’s core activities center on the acquisition and development of apartment assets and the ongoing operations and leasing of those communities.

AvalonBay’s operating activities include ground-up development, strategic redevelopment of existing properties, property and asset management, and on-site leasing and resident services.

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Institutional Ownership by Quarter for AvalonBay Communities (NYSE:AVB)

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