Bank of Montreal Can Sells 16,161 Shares of AvalonBay Communities, Inc. (NYSE:AVB)

Bank of Montreal Can cut its holdings in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 7.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 197,933 shares of the real estate investment trust's stock after selling 16,161 shares during the period. Bank of Montreal Can owned about 0.14% of AvalonBay Communities worth $43,539,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Whipplewood Advisors LLC acquired a new stake in shares of AvalonBay Communities during the 4th quarter worth approximately $36,000. Crowley Wealth Management Inc. bought a new position in AvalonBay Communities during the 4th quarter worth $44,000. Generali Asset Management SPA SGR acquired a new stake in AvalonBay Communities in the fourth quarter worth $66,000. Catalyst Capital Advisors LLC lifted its stake in AvalonBay Communities by 312.5% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust's stock valued at $80,000 after buying an additional 275 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its holdings in shares of AvalonBay Communities by 42.6% during the fourth quarter. Loomis Sayles & Co. L P now owns 442 shares of the real estate investment trust's stock valued at $97,000 after acquiring an additional 132 shares during the period. Institutional investors and hedge funds own 92.61% of the company's stock.

AvalonBay Communities Trading Down 0.1 %

Shares of NYSE:AVB traded down $0.22 during mid-day trading on Tuesday, hitting $200.70. The stock had a trading volume of 216,380 shares, compared to its average volume of 688,473. The company has a market cap of $28.57 billion, a PE ratio of 26.45, a P/E/G ratio of 3.11 and a beta of 0.86. The company's 50 day moving average is $212.55 and its 200-day moving average is $219.64. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.64 and a current ratio of 1.64. AvalonBay Communities, Inc. has a 12-month low of $177.40 and a 12-month high of $239.29.

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AvalonBay Communities (NYSE:AVB - Get Free Report) last announced 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%. On average, sell-side analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $1.75 dividend. This is a boost from AvalonBay Communities's previous quarterly dividend of $1.70. The ex-dividend date of this dividend is Monday, March 31st. This represents a $7.00 annualized dividend and a dividend yield of 3.49%. AvalonBay Communities's payout ratio is presently 92.23%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. BMO Capital Markets downgraded shares of AvalonBay Communities from an "outperform" rating to a "market perform" rating and set a $220.00 price objective on the stock. in a research report on Friday, April 4th. Mizuho upgraded AvalonBay Communities from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $239.00 to $242.00 in a research report on Monday, January 6th. Evercore ISI lifted their target price 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. Zelman & Associates raised AvalonBay Communities from a "neutral" rating to an "outperform" rating in a research note on Thursday, February 13th. Finally, Truist Financial upped their price objective on shares of AvalonBay Communities from $229.00 to $230.00 and gave the stock a "hold" rating in a report on Monday, March 10th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $237.47.

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.