Rhumbline Advisers Sells 4,170 Shares of AvalonBay Communities, Inc. (NYSE:AVB)

Rhumbline Advisers lessened its holdings in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 285,442 shares of the real estate investment trust's stock after selling 4,170 shares during the quarter. Rhumbline Advisers owned 0.20% of AvalonBay Communities worth $62,789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of AVB. CWM LLC increased its holdings in AvalonBay Communities by 4.8% during the third quarter. CWM LLC now owns 1,639 shares of the real estate investment trust's stock worth $369,000 after buying an additional 75 shares during the last quarter. Creative Planning increased its stake in shares of AvalonBay Communities by 4.7% during the 3rd quarter. Creative Planning now owns 9,004 shares of the real estate investment trust's stock worth $2,028,000 after purchasing an additional 408 shares during the last quarter. Blue Trust Inc. increased its stake in shares of AvalonBay Communities by 115.2% during the 3rd quarter. Blue Trust Inc. now owns 2,668 shares of the real estate investment trust's stock worth $552,000 after purchasing an additional 1,428 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in AvalonBay Communities by 3.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,776 shares of the real estate investment trust's stock valued at $1,752,000 after purchasing an additional 263 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in AvalonBay Communities by 147.8% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 721 shares of the real estate investment trust's stock valued at $162,000 after purchasing an additional 430 shares during the period. Institutional investors own 92.61% of the company's stock.

Analyst Upgrades and Downgrades

AVB has been the subject of several recent research reports. JPMorgan Chase & Co. raised AvalonBay Communities from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $247.00 to $262.00 in a report on Tuesday, December 17th. Barclays dropped their price target on shares of AvalonBay Communities from $230.00 to $226.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Piper Sandler lowered their target price 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. Royal Bank of Canada raised their price target on AvalonBay Communities from $226.00 to $229.00 and gave the stock a "sector perform" rating in a report on Friday, February 7th. Finally, Evercore ISI boosted their price objective 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. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $235.47.

AvalonBay Communities Trading Up 0.1 %

Shares of AvalonBay Communities stock traded up $0.15 during midday trading on Wednesday, reaching $218.16. 135,480 shares of the company's stock traded hands, compared to its average volume of 628,666. AvalonBay Communities, Inc. has a 12 month low of $172.85 and a 12 month high of $239.29. The stock has a 50 day moving average of $219.26 and a 200-day moving average of $222.82. 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 company has a market cap of $31.03 billion, a PE ratio of 28.73, a price-to-earnings-growth ratio of 3.10 and a beta of 0.99.

AvalonBay Communities (NYSE:AVB - Get Free Report) last issued its quarterly earnings results 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, equities analysts expect that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Increases Dividend

The business 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 dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from AvalonBay Communities's previous quarterly dividend of $1.70. AvalonBay Communities's dividend payout ratio (DPR) is 89.59%.

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.