AvalonBay Communities, Inc. (AVB) Shares Bought by SG Americas Securities LLC
SG Americas Securities LLC boosted its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 476.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,390 shares of the real estate investment trust’s stock after buying an additional 56,532 shares during the period. SG Americas Securities LLC’s holdings in AvalonBay Communities were worth $13,143,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Creative Planning increased its stake in shares of 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 period. Muzinich & Co. Inc. increased its stake in shares of 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 period. Perigon Wealth Management LLC increased its stake in shares of 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 period. Eqis Capital Management Inc. purchased a new stake in shares of AvalonBay Communities during the second quarter worth $201,000. Finally, Bbva Compass Bancshares Inc. purchased a new stake in shares of AvalonBay Communities during the second quarter worth $206,000. Institutional investors and hedge funds own 97.89% of the company’s stock.
AvalonBay Communities, Inc. (AVB) opened at 192.07 on Wednesday. AvalonBay Communities, Inc. has a 12 month low of $158.32 and a 12 month high of $199.52. The firm has a market cap of $26.45 billion, a price-to-earnings ratio of 26.45 and a beta of 0.34. The firm’s 50-day moving average price is $189.99 and its 200-day moving average price is $187.51.
AvalonBay Communities (NYSE:AVB) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $2.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.14 by $0.05. AvalonBay Communities had a return on equity of 9.88% and a net margin of 47.90%. The company had revenue of $530.51 million during the quarter, compared to analyst estimates of $529.48 million. During the same period in the previous year, the company posted $2.03 earnings per share. Equities research analysts predict that AvalonBay Communities, Inc. will post $5.19 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were issued a dividend of $1.42 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $5.68 dividend on an annualized basis and a yield of 2.96%. AvalonBay Communities’s dividend payout ratio is 78.13%.
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A number of equities research analysts have recently weighed in on the company. Deutsche Bank AG downgraded AvalonBay Communities from a “buy” rating to a “hold” rating and set a $193.00 price target for the company. in a report on Wednesday, May 17th. JMP Securities downgraded AvalonBay Communities from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 19th. They noted that the move was a valuation call. Barclays PLC boosted their price target on AvalonBay Communities from $188.00 to $189.00 and gave the company an “equal weight” rating in a report on Tuesday, July 18th. BidaskClub upgraded AvalonBay Communities from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $196.00 price target on shares of AvalonBay Communities in a report on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $193.58.
In related news, insider William M. Mclaughlin sold 5,112 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $193.88, for a total transaction of $991,114.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.53% of the company’s stock.
AvalonBay Communities Company Profile
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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