Andra AP fonden Sells 4,300 Shares of AvalonBay Communities, Inc. (NYSE:AVB)

Andra AP fonden trimmed its holdings in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 29.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 10,500 shares of the real estate investment trust's stock after selling 4,300 shares during the quarter. Andra AP fonden's holdings in AvalonBay Communities were worth $2,310,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AVB. RPg Family Wealth Advisory LLC purchased a new position in shares of AvalonBay Communities during the third quarter valued at approximately $26,000. Whipplewood Advisors LLC purchased a new stake in AvalonBay Communities during the 4th quarter valued at $36,000. Brooklyn Investment Group purchased a new stake in AvalonBay Communities during the 3rd quarter valued at $39,000. Prospera Private Wealth LLC bought a new position in shares of AvalonBay Communities during the 3rd quarter valued at $51,000. Finally, Catalyst Capital Advisors LLC boosted its stake in shares of AvalonBay Communities by 312.5% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust's stock worth $80,000 after buying an additional 275 shares during the last quarter. Hedge funds and other institutional investors own 92.61% of the company's stock.

AvalonBay Communities Price Performance

Shares of NYSE:AVB traded down $2.59 during midday trading on Thursday, reaching $207.45. 651,919 shares of the company were exchanged, compared to its average volume of 636,296. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.68. The stock has a market cap of $29.51 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 3.11 and a beta of 1.00. The business's fifty day moving average is $218.41 and its two-hundred day moving average is $223.57. AvalonBay Communities, Inc. has a one year low of $177.40 and a one year high of $239.29.

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AvalonBay Communities (NYSE:AVB - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.83 by ($0.03). AvalonBay Communities had a return on equity of 9.15% and a net margin of 37.13%. As a group, 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.75 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from AvalonBay Communities's previous quarterly dividend of $1.70. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.37%. AvalonBay Communities's payout ratio is 92.23%.

Wall Street Analysts Forecast Growth

AVB has been the topic of a number of recent research reports. Evercore ISI increased their target price on AvalonBay Communities from $230.00 to $240.00 and gave the company an "in-line" rating in a report on Monday, February 10th. JPMorgan Chase & Co. upgraded shares of AvalonBay Communities from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $247.00 to $262.00 in a research note on Tuesday, December 17th. Piper Sandler dropped their price objective on shares of AvalonBay Communities from $270.00 to $265.00 and set an "overweight" rating on the stock in a report on Tuesday, February 11th. Scotiabank reduced their target price on shares of AvalonBay Communities from $244.00 to $241.00 and set a "sector perform" rating for the company in a report on Thursday, November 14th. Finally, Morgan Stanley cut shares of AvalonBay Communities from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $236.00 to $223.00 in a research note on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.