Atria Investments Inc Has $2.20 Million Stock Holdings in AvalonBay Communities, Inc. (NYSE:AVB)

Atria Investments Inc cut its position in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 35.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,004 shares of the real estate investment trust's stock after selling 5,483 shares during the period. Atria Investments Inc's holdings in AvalonBay Communities were worth $2,201,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in AvalonBay Communities in the 3rd quarter valued at $26,000. Whipplewood Advisors LLC acquired a new position in AvalonBay Communities in the fourth quarter worth about $36,000. Brooklyn Investment Group bought a new position in AvalonBay Communities during the third quarter worth about $39,000. Prospera Private Wealth LLC bought a new stake in shares of AvalonBay Communities in the 3rd quarter valued at approximately $51,000. Finally, Catalyst Capital Advisors LLC raised its holdings 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 in the last quarter. 92.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AVB has been the topic of several recent analyst reports. Evercore ISI boosted their price target on AvalonBay Communities from $230.00 to $240.00 and gave the company an "in-line" rating in a research note on Monday, February 10th. Scotiabank lowered their target price on shares of AvalonBay Communities from $244.00 to $241.00 and set a "sector perform" rating on the stock in a report on Thursday, November 14th. Royal Bank of Canada lifted their price target on shares of AvalonBay Communities from $226.00 to $229.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. Barclays decreased 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. Finally, Morgan Stanley cut AvalonBay Communities from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $236.00 to $223.00 in a report on Friday, January 24th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, AvalonBay Communities presently has a consensus rating of "Moderate Buy" and an average price target of $238.64.

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AvalonBay Communities Trading Down 1.2 %

AVB traded down $2.59 during midday trading on Thursday, reaching $207.45. 651,916 shares of the company were exchanged, compared to its average volume of 632,522. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a market capitalization of $29.51 billion, a P/E ratio of 27.33, a PEG ratio of 3.11 and a beta of 1.00. The stock's 50-day simple moving average is $218.41 and its 200 day simple moving average is $223.57. AvalonBay Communities, Inc. has a one year low of $177.40 and a one year high of $239.29.

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 analysts' consensus estimates 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, analysts forecast that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $1.75 dividend. The ex-dividend date is Monday, March 31st. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.37%. This is a boost from AvalonBay Communities's previous quarterly dividend of $1.70. AvalonBay Communities's dividend payout ratio is currently 92.23%.

About AvalonBay Communities

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.