Compagnie Lombard Odier SCmA bought a new position in shares of AvalonBay Communities Inc (NYSE:AVB) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,324 shares of the real estate investment trust’s stock, valued at approximately $236,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AVB. Magnetar Financial LLC acquired a new stake in AvalonBay Communities in the third quarter valued at about $772,000. Duff & Phelps Investment Management Co. boosted its stake in AvalonBay Communities by 16.2% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 545,586 shares of the real estate investment trust’s stock valued at $97,338,000 after buying an additional 76,040 shares in the last quarter. Prudential Financial Inc. boosted its stake in AvalonBay Communities by 76.6% in the third quarter. Prudential Financial Inc. now owns 337,923 shares of the real estate investment trust’s stock valued at $60,292,000 after buying an additional 146,610 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in AvalonBay Communities by 91.2% in the third quarter. Cubist Systematic Strategies LLC now owns 2,250 shares of the real estate investment trust’s stock valued at $401,000 after buying an additional 1,073 shares in the last quarter. Finally, Investec Asset Management LTD boosted its stake in AvalonBay Communities by 23.9% in the third quarter. Investec Asset Management LTD now owns 6,219 shares of the real estate investment trust’s stock valued at $1,110,000 after buying an additional 1,200 shares in the last quarter. 94.72% of the stock is currently owned by institutional investors.

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Several research firms recently weighed in on AVB. BTIG Research reduced their price objective on AvalonBay Communities to $189.00 and set a “buy” rating on the stock in a research note on Thursday, March 15th. BMO Capital Markets reaffirmed a “hold” rating and issued a $187.00 price objective on shares of AvalonBay Communities in a research note on Wednesday, January 31st. Mizuho set a $185.00 price objective on AvalonBay Communities and gave the company a “buy” rating in a research note on Friday, February 9th. Sandler O’Neill lowered AvalonBay Communities from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Robert W. Baird set a $178.00 price objective on AvalonBay Communities and gave the company a “buy” rating in a research note on Friday, March 2nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company’s stock. AvalonBay Communities presently has an average rating of “Hold” and a consensus price target of $191.06.

Shares of AvalonBay Communities Inc (NYSE:AVB) opened at $160.26 on Friday. AvalonBay Communities Inc has a 12 month low of $152.65 and a 12 month high of $199.52. The company has a market capitalization of $22,542.71, a PE ratio of 18.94, a PEG ratio of 2.55 and a beta of 0.42. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.19 and a current ratio of 0.19.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $2.25 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $1.03. AvalonBay Communities had a return on equity of 8.57% and a net margin of 40.62%. The firm had revenue of $555.29 million for the quarter, compared to analyst estimates of $554.20 million. During the same period last year, the firm posted $2.12 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. sell-side analysts anticipate that AvalonBay Communities Inc will post 8.96 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.67%. This is a positive change from AvalonBay Communities’s previous quarterly dividend of $1.42. The ex-dividend date is Wednesday, March 28th. AvalonBay Communities’s dividend payout ratio (DPR) is presently 89.31%.

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About AvalonBay Communities

AvalonBay Communities, Inc is a real estate investment trust (REIT). The Company is focused on the development, redevelopment, acquisition, ownership and operation of multifamily communities primarily in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California.

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Institutional Ownership by Quarter for AvalonBay Communities (NYSE:AVB)

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