Cbre Investment Management Listed Real Assets LLC Reduces Stake in AvalonBay Communities, Inc. (NYSE:AVB)

Cbre Investment Management Listed Real Assets LLC lessened its stake in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 387,645 shares of the real estate investment trust's stock after selling 30,438 shares during the quarter. AvalonBay Communities makes up about 1.5% of Cbre Investment Management Listed Real Assets LLC's holdings, making the stock its 19th largest position. Cbre Investment Management Listed Real Assets LLC owned approximately 0.27% of AvalonBay Communities worth $85,270,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. OneDigital Investment Advisors LLC boosted its position in AvalonBay Communities by 4.6% in the third quarter. OneDigital Investment Advisors LLC now owns 1,244 shares of the real estate investment trust's stock worth $280,000 after purchasing an additional 55 shares during the last quarter. Wedmont Private Capital boosted its position in AvalonBay Communities by 5.3% in the fourth quarter. Wedmont Private Capital now owns 1,094 shares of the real estate investment trust's stock worth $231,000 after purchasing an additional 55 shares during the last quarter. MAI Capital Management boosted its position in AvalonBay Communities by 1.7% in the third quarter. MAI Capital Management now owns 3,633 shares of the real estate investment trust's stock worth $818,000 after purchasing an additional 60 shares during the last quarter. Raymond James Trust N.A. boosted its position in AvalonBay Communities by 3.1% in the third quarter. Raymond James Trust N.A. now owns 2,015 shares of the real estate investment trust's stock worth $454,000 after purchasing an additional 60 shares during the last quarter. Finally, Private Advisor Group LLC boosted its position in AvalonBay Communities by 2.6% in the fourth quarter. Private Advisor Group LLC now owns 2,512 shares of the real estate investment trust's stock worth $553,000 after purchasing an additional 63 shares during the last quarter. 92.61% of the stock is currently owned by institutional investors.

AvalonBay Communities Price Performance

NYSE AVB traded up $1.63 during trading on Wednesday, reaching $224.62. The company's stock had a trading volume of 807,784 shares, compared to its average volume of 635,938. The stock has a market capitalization of $31.95 billion, a PE ratio of 29.59, a P/E/G ratio of 3.11 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a fifty day moving average of $218.95 and a 200 day moving average of $223.65. 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 announced its quarterly earnings data 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%. Analysts expect that AvalonBay Communities, Inc. will post 11.48 EPS 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. Stockholders of record on Monday, March 31st will be given a dividend of $1.75 per share. The ex-dividend date is Monday, March 31st. This is a positive change from AvalonBay Communities's previous quarterly dividend of $1.70. This represents a $7.00 annualized dividend and a dividend yield of 3.12%. AvalonBay Communities's dividend payout ratio is 92.23%.

Analysts Set New Price Targets

A number of research analysts have recently commented on AVB shares. Barclays dropped 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. Morgan Stanley cut AvalonBay Communities from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $236.00 to $223.00 in a research report on Friday, January 24th. Zelman & Associates raised AvalonBay Communities from a "neutral" rating to an "outperform" rating in a research report on Thursday, February 13th. Scotiabank dropped their price target on AvalonBay Communities from $244.00 to $241.00 and set a "sector perform" rating on the stock in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. upgraded AvalonBay Communities from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $247.00 to $262.00 in a research note on Tuesday, December 17th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $238.64.

AvalonBay Communities Company 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.