Cbre Investment Management Listed Real Assets LLC Sells 100,264 Shares of AvalonBay Communities, Inc. $AVB

Cbre Investment Management Listed Real Assets LLC lowered its holdings in AvalonBay Communities, Inc. (NYSE:AVB) by 25.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 287,544 shares of the real estate investment trust’s stock after selling 100,264 shares during the period. Cbre Investment Management Listed Real Assets LLC’s holdings in AvalonBay Communities were worth $55,545,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. PFG Investments LLC increased its position in shares of AvalonBay Communities by 4.4% during the 3rd quarter. PFG Investments LLC now owns 1,456 shares of the real estate investment trust’s stock valued at $281,000 after purchasing an additional 61 shares during the last quarter. Clearstead Trust LLC grew its position in AvalonBay Communities by 62.0% during the second quarter. Clearstead Trust LLC now owns 162 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 62 shares during the period. Global Retirement Partners LLC grew its position in AvalonBay Communities by 13.3% during the third quarter. Global Retirement Partners LLC now owns 564 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 66 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in AvalonBay Communities by 0.9% during the second quarter. Steward Partners Investment Advisory LLC now owns 8,126 shares of the real estate investment trust’s stock worth $1,654,000 after buying an additional 76 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its holdings in AvalonBay Communities by 1.5% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 5,779 shares of the real estate investment trust’s stock worth $1,116,000 after buying an additional 84 shares during the last quarter. Institutional investors own 92.61% of the company’s stock.

AvalonBay Communities Price Performance

Shares of NYSE:AVB opened at $171.74 on Thursday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $24.06 billion, a PE ratio of 20.97, a P/E/G ratio of 3.06 and a beta of 0.75. AvalonBay Communities, Inc. has a twelve month low of $166.73 and a twelve month high of $217.32. The company has a 50-day moving average price of $177.70 and a two-hundred day moving average price of $182.45.

AvalonBay Communities (NYSE:AVB) last posted its earnings results on Thursday, February 5th. The real estate investment trust reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.01. AvalonBay Communities had a net margin of 34.57% and a return on equity of 8.78%. The firm had revenue of $767.86 million during the quarter, compared to the consensus estimate of $766.38 million. During the same quarter last year, the company earned $2.80 earnings per share. Equities analysts forecast 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 Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $1.78 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $7.12 dividend on an annualized basis and a yield of 4.1%. This is a positive change from AvalonBay Communities’s previous quarterly dividend of $1.75. AvalonBay Communities’s dividend payout ratio (DPR) is presently 86.94%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AVB. Wall Street Zen cut shares of AvalonBay Communities from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Weiss Ratings restated a “hold (c)” rating on shares of AvalonBay Communities in a research note on Friday, January 9th. Truist Financial lowered their price target on shares of AvalonBay Communities from $203.00 to $201.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Scotiabank reduced their price objective on AvalonBay Communities from $193.00 to $190.00 and set a “sector perform” rating for the company in a report on Wednesday, March 4th. Finally, Piper Sandler decreased their target price on AvalonBay Communities from $190.00 to $183.00 and set a “neutral” rating for the company in a research report on Monday, February 9th. Five analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, AvalonBay Communities has a consensus rating of “Hold” and an average target price of $199.66.

AvalonBay Communities Company Profile

AvalonBay Communities, Inc (NYSE: AVB) is a publicly traded real estate investment trust (REIT) that owns, develops, redevelops and manages multifamily residential properties. The company focuses on professionally managed apartment communities, offering a range of rental housing options and related resident services. As a REIT, AvalonBay’s core activities center on the acquisition and development of apartment assets and the ongoing operations and leasing of those communities.

AvalonBay’s operating activities include ground-up development, strategic redevelopment of existing properties, property and asset management, and on-site leasing and resident services.