RWA Wealth Partners LLC Acquires 1,634 Shares of AvalonBay Communities, Inc. (NYSE:AVB)

RWA Wealth Partners LLC increased its stake in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 7.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,418 shares of the real estate investment trust's stock after purchasing an additional 1,634 shares during the quarter. RWA Wealth Partners LLC's holdings in AvalonBay Communities were worth $4,931,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AVB. Dynamic Technology Lab Private Ltd bought a new stake in shares of AvalonBay Communities in the third quarter valued at $215,000. The Manufacturers Life Insurance Company increased its holdings in AvalonBay Communities by 2.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 112,392 shares of the real estate investment trust's stock worth $25,316,000 after acquiring an additional 2,702 shares during the last quarter. Townsquare Capital LLC raised its stake in AvalonBay Communities by 42.0% in the 3rd quarter. Townsquare Capital LLC now owns 4,900 shares of the real estate investment trust's stock valued at $1,104,000 after acquiring an additional 1,450 shares during the period. Fiduciary Trust Co lifted its holdings in AvalonBay Communities by 59.5% during the third quarter. Fiduciary Trust Co now owns 2,611 shares of the real estate investment trust's stock valued at $588,000 after purchasing an additional 974 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its position in AvalonBay Communities by 25.5% during the third quarter. Public Sector Pension Investment Board now owns 24,776 shares of the real estate investment trust's stock worth $5,581,000 after purchasing an additional 5,042 shares during the period. Hedge funds and other institutional investors own 92.61% of the company's stock.

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Analysts Set New Price Targets

AVB has been the topic of several research reports. Zelman & Associates raised shares of AvalonBay Communities from a "neutral" rating to an "outperform" rating in a research report on Thursday, February 13th. Barclays dropped their target price 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. Royal Bank of Canada boosted their price objective on AvalonBay Communities from $226.00 to $229.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. Evercore ISI increased their price objective on AvalonBay Communities from $230.00 to $240.00 and gave the stock an "in-line" rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. raised AvalonBay Communities from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $247.00 to $262.00 in a report on Tuesday, December 17th. Eight 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, AvalonBay Communities presently has a consensus rating of "Moderate Buy" and a consensus target price of $237.40.

AvalonBay Communities Price Performance

AvalonBay Communities stock traded down $14.17 during mid-day trading on Friday, hitting $191.69. 1,707,872 shares of the company traded hands, compared to its average volume of 678,366. 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 one year low of $177.40 and a one year high of $239.29. The stock has a market cap of $27.27 billion, a price-to-earnings ratio of 25.26, a price-to-earnings-growth ratio of 3.11 and a beta of 0.86. The stock has a fifty day moving average price of $216.75 and a 200-day moving average price of $221.69.

AvalonBay Communities (NYSE:AVB - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.80 earnings per share 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%. On average, equities analysts predict 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. Stockholders of record on Monday, March 31st will be issued a $1.75 dividend. This is a boost 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 3.65%. The ex-dividend date of this dividend is Monday, March 31st. AvalonBay Communities's dividend payout ratio is presently 92.23%.

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.