Millennium Management LLC lessened its holdings in shares of AvalonBay Communities Inc (NYSE:AVB) by 54.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 265,504 shares of the real estate investment trust’s stock after selling 312,059 shares during the period. Millennium Management LLC owned 0.19% of AvalonBay Communities worth $47,369,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Capital Analysts LLC lifted its holdings in AvalonBay Communities by 441.3% in the fourth quarter. Capital Analysts LLC now owns 2,230 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 1,818 shares during the period. Bartlett & Co. LLC lifted its holdings in AvalonBay Communities by 112.8% in the fourth quarter. Bartlett & Co. LLC now owns 681 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 361 shares during the period. Amica Retiree Medical Trust acquired a new position in AvalonBay Communities in the third quarter valued at $132,000. Keeler Thomas Management LLC acquired a new position in AvalonBay Communities in the fourth quarter valued at $166,000. Finally, NuWave Investment Management LLC acquired a new position in AvalonBay Communities in the fourth quarter valued at $181,000. Institutional investors own 94.72% of the company’s stock.

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Shares of AvalonBay Communities stock opened at $163.24 on Thursday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.71. The company has a market cap of $22,690.47, a PE ratio of 25.67, a PEG ratio of 2.56 and a beta of 0.42. AvalonBay Communities Inc has a 52-week low of $152.65 and a 52-week high of $199.52.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This is an increase from AvalonBay Communities’s previous quarterly dividend of $1.42. This represents a $5.88 annualized dividend and a dividend yield of 3.60%. AvalonBay Communities’s payout ratio is presently 89.31%.

Several equities analysts recently issued reports on AVB shares. BMO Capital Markets set a $175.00 target price on shares of AvalonBay Communities and gave the company a “hold” rating in a report on Friday, March 2nd. Robert W. Baird restated a “buy” rating and issued a $187.00 target price on shares of AvalonBay Communities in a report on Tuesday, January 9th. Sandler O’Neill lowered shares of AvalonBay Communities from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Barclays dropped their target price on shares of AvalonBay Communities from $189.00 to $186.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 30th. Finally, Zelman & Associates raised shares of AvalonBay Communities from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $191.06.

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AvalonBay Communities 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.

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

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