AvalonBay Communities, Inc. (AVB) Holdings Held by Pathstone Family Office LLC
Pathstone Family Office LLC held its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11 shares of the real estate investment trust’s stock at the end of the 2nd quarter. Pathstone Family Office LLC’s holdings in AvalonBay Communities were worth $2,114,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Creative Planning raised its holdings in AvalonBay Communities by 0.4% in the second quarter. Creative Planning now owns 542 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 2 shares during the last quarter. Muzinich & Co. Inc. raised its holdings in AvalonBay Communities by 104.0% in the first quarter. Muzinich & Co. Inc. now owns 665 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 339 shares during the last quarter. Perigon Wealth Management LLC raised its holdings in AvalonBay Communities by 546.9% in the first quarter. Perigon Wealth Management LLC now owns 1,035 shares of the real estate investment trust’s stock worth $191,000 after buying an additional 875 shares during the last quarter. Eqis Capital Management Inc. purchased a new position in AvalonBay Communities in the second quarter worth about $201,000. Finally, Bbva Compass Bancshares Inc. purchased a new position in AvalonBay Communities in the second quarter worth about $206,000. 97.52% of the stock is currently owned by institutional investors and hedge funds.
AvalonBay Communities, Inc. (NYSE:AVB) traded down 0.69% on Tuesday, hitting $181.91. 120,033 shares of the stock traded hands. AvalonBay Communities, Inc. has a 12 month low of $158.32 and a 12 month high of $199.52. The company has a market capitalization of $25.05 billion, a PE ratio of 25.05 and a beta of 0.35. The firm has a 50-day moving average price of $188.23 and a 200-day moving average price of $188.99.
AvalonBay Communities (NYSE:AVB) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $2.09 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.05). The company had revenue of $530.51 million during the quarter, compared to analyst estimates of $529.48 million. AvalonBay Communities had a return on equity of 9.88% and a net margin of 47.90%. During the same quarter last year, the business earned $2.03 earnings per share. Analysts forecast that AvalonBay Communities, Inc. will post $5.19 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Thursday, September 28th. AvalonBay Communities’s dividend payout ratio (DPR) is presently 78.13%.
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Several research analysts have issued reports on the stock. Goldman Sachs Group, Inc. (The) cut shares of AvalonBay Communities from a “buy” rating to a “neutral” rating and set a $196.00 target price for the company. in a report on Tuesday, September 5th. Robert W. Baird reaffirmed a “buy” rating and issued a $202.00 target price on shares of AvalonBay Communities in a report on Friday, September 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $209.00 target price on shares of AvalonBay Communities in a report on Friday, September 1st. Deutsche Bank AG lifted their target price on shares of AvalonBay Communities from $193.00 to $195.00 and gave the stock a “hold” rating in a report on Friday, August 18th. Finally, BidaskClub cut shares of AvalonBay Communities from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $195.47.
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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