Matthew Goff Investment Advisor LLC bought a new stake in shares of AvalonBay Communities Inc (NYSE:AVB) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 14,954 shares of the real estate investment trust’s stock, valued at approximately $87,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Bank & Trust Co bought a new position in shares of AvalonBay Communities during the 3rd quarter valued at approximately $103,000. Adviser Investments LLC bought a new stake in AvalonBay Communities in the second quarter worth $124,000. IFP Advisors Inc lifted its position in AvalonBay Communities by 627.2% in the third quarter. IFP Advisors Inc now owns 749 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 646 shares during the last quarter. Capital Guardian Trust Co. bought a new stake in AvalonBay Communities in the third quarter worth $139,000. Finally, Zions Bancorporation bought a new stake in AvalonBay Communities in the third quarter worth $158,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.

A number of brokerages recently issued reports on AVB. BTIG Research upgraded AvalonBay Communities from a “neutral” rating to a “buy” rating and set a $216.00 price target for the company in a research report on Thursday. Argus raised their price target on AvalonBay Communities to $196.00 and gave the stock a “buy” rating in a research report on Wednesday, August 15th. Robert W. Baird downgraded AvalonBay Communities from an “outperform” rating to a “neutral” rating and set a $197.00 price target for the company. in a research report on Wednesday, August 15th. Evercore ISI set a $194.00 price target on AvalonBay Communities and gave the stock a “buy” rating in a research report on Monday, October 1st. Finally, BMO Capital Markets upgraded AvalonBay Communities from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $188.00 to $195.00 in a research report on Friday, November 2nd. One research analyst has 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 target price of $192.88.

Shares of NYSE:AVB traded down $1.38 on Friday, hitting $190.30. 123,904 shares of the company’s stock were exchanged, compared to its average volume of 491,048. AvalonBay Communities Inc has a 12 month low of $152.65 and a 12 month high of $191.78. The company has a market cap of $25.89 billion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 2.82 and a beta of 0.42. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.72.

AvalonBay Communities (NYSE:AVB) last released its earnings results on Monday, October 29th. The real estate investment trust reported $1.39 earnings per share for the quarter, missing the consensus estimate of $2.26 by ($0.87). AvalonBay Communities had a return on equity of 7.96% and a net margin of 36.54%. The business had revenue of $575.98 million for the quarter, compared to the consensus estimate of $573.87 million. During the same quarter last year, the business posted $1.72 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities research analysts predict that AvalonBay Communities Inc will post 8.99 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be paid a dividend of $1.47 per share. The ex-dividend date of this dividend is Friday, December 28th. This represents a $5.88 annualized dividend and a dividend yield of 3.09%. AvalonBay Communities’s dividend payout ratio is currently 68.21%.

In other news, EVP Edward M. Schulman sold 1,400 shares of the firm’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $183.76, for a total transaction of $257,264.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Kevin P. O’shea sold 1,500 shares of the firm’s stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $179.51, for a total value of $269,265.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,453 shares of company stock worth $7,365,478. Insiders own 0.43% of the company’s stock.

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AvalonBay Communities Company Profile

As of September 30, 2018, the Company owned or held a direct or indirect ownership interest in 290 apartment communities containing 84,490 apartment homes in 12 states and the District of Columbia, of which 19 communities were under development and 15 communities were under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas primarily in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and the Northern and Southern California regions of the United States.

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

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