American Century Companies Inc. Has $78.25 Million Stock Holdings in AvalonBay Communities, Inc. (NYSE:AVB)

American Century Companies Inc. reduced its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 7.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 355,729 shares of the real estate investment trust's stock after selling 28,757 shares during the period. American Century Companies Inc. owned approximately 0.25% of AvalonBay Communities worth $78,250,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of AVB. State Street Corp lifted its position in AvalonBay Communities by 2.2% in the 3rd quarter. State Street Corp now owns 9,245,028 shares of the real estate investment trust's stock valued at $2,097,971,000 after acquiring an additional 196,938 shares in the last quarter. Principal Financial Group Inc. raised its position in AvalonBay Communities by 0.6% in the 4th quarter. Principal Financial Group Inc. now owns 4,590,539 shares of the real estate investment trust's stock valued at $1,009,781,000 after buying an additional 27,629 shares during the last quarter. JPMorgan Chase & Co. raised its position in AvalonBay Communities by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,060,497 shares of the real estate investment trust's stock valued at $914,627,000 after buying an additional 55,588 shares during the last quarter. Geode Capital Management LLC lifted its stake in AvalonBay Communities by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,585,802 shares of the real estate investment trust's stock valued at $805,113,000 after acquiring an additional 27,988 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in AvalonBay Communities by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,266,701 shares of the real estate investment trust's stock worth $498,606,000 after acquiring an additional 26,265 shares during the last quarter. Institutional investors own 92.61% of the company's stock.

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AvalonBay Communities Price Performance

Shares of NYSE:AVB traded up $0.36 during trading on Friday, reaching $213.50. 452,396 shares of the company traded hands, compared to its average volume of 669,360. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.68. AvalonBay Communities, Inc. has a 52 week low of $177.40 and a 52 week high of $239.29. The firm has a market capitalization of $30.37 billion, a PE ratio of 28.13, a PEG ratio of 3.11 and a beta of 1.00. The company's 50 day moving average is $217.60 and its two-hundred day moving average is $222.58.

AvalonBay Communities (NYSE:AVB - Get Free Report) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.80 EPS for the quarter, missing the consensus estimate of $2.83 by ($0.03). AvalonBay Communities had a net margin of 37.13% and a return on equity of 9.15%. As a group, sell-side analysts predict that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

AvalonBay Communities Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $1.75 dividend. This is a positive change from AvalonBay Communities's previous quarterly dividend of $1.70. The ex-dividend date is Monday, March 31st. This represents a $7.00 annualized dividend and a dividend yield of 3.28%. AvalonBay Communities's dividend payout ratio (DPR) is presently 92.23%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AVB shares. Royal Bank of Canada boosted their price objective on shares of AvalonBay Communities from $226.00 to $229.00 and gave the stock a "sector perform" rating in a research report on Friday, February 7th. Mizuho upgraded AvalonBay Communities from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $239.00 to $242.00 in a report on Monday, January 6th. Barclays lowered their price target on AvalonBay Communities from $230.00 to $226.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 19th. Evercore ISI boosted their price target on AvalonBay Communities from $230.00 to $240.00 and gave the stock an "in-line" rating in a research report on Monday, February 10th. Finally, Morgan Stanley cut AvalonBay Communities from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $236.00 to $223.00 in a research report on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $238.64.

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.