Thompson Siegel & Walmsley LLC Has $220,000 Stock Position in AvalonBay Communities, Inc. (NYSE:AVB)

Thompson Siegel & Walmsley LLC trimmed its stake in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 93.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,000 shares of the real estate investment trust's stock after selling 13,500 shares during the quarter. Thompson Siegel & Walmsley LLC's holdings in AvalonBay Communities were worth $220,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. RPg Family Wealth Advisory LLC purchased a new position in shares of AvalonBay Communities during the third quarter valued at $26,000. Whipplewood Advisors LLC purchased a new position in shares of AvalonBay Communities during the fourth quarter valued at $36,000. Brooklyn Investment Group purchased a new position in shares of AvalonBay Communities during the third quarter valued at $39,000. Prospera Private Wealth LLC purchased a new position in shares of AvalonBay Communities during the third quarter valued at $51,000. Finally, Catalyst Capital Advisors LLC grew its holdings in shares of AvalonBay Communities by 312.5% during 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 in the last quarter. 92.61% of the stock is currently owned by institutional investors and hedge funds.

AvalonBay Communities Stock Up 0.2 %

Shares of NYSE:AVB traded up $0.41 on Wednesday, reaching $210.66. The company had a trading volume of 609,835 shares, compared to its average volume of 625,372. AvalonBay Communities, Inc. has a twelve month low of $177.40 and a twelve month high of $239.29. The stock has a 50-day moving average price of $217.98 and a 200 day moving average price of $223.21. The stock has a market capitalization of $29.97 billion, a P/E ratio of 27.75, a P/E/G ratio of 3.11 and a beta of 1.00. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.68.

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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 return on equity of 9.15% and a net margin of 37.13%. On average, equities analysts expect that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Increases Dividend

The firm 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 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from AvalonBay Communities's previous quarterly dividend of $1.70. AvalonBay Communities's payout ratio is currently 92.23%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Barclays lowered their price target on AvalonBay Communities from $230.00 to $226.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 19th. JPMorgan Chase & Co. upgraded AvalonBay Communities from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $247.00 to $262.00 in a research note on Tuesday, December 17th. Royal Bank of Canada boosted their target price 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. Morgan Stanley downgraded AvalonBay Communities from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $236.00 to $223.00 in a research note on Friday, January 24th. Finally, Zelman & Associates upgraded AvalonBay Communities from a "neutral" rating to an "outperform" rating in a research note on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, AvalonBay Communities presently 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.