Nalls Sherbakoff Group LLC bought a new position in AvalonBay Communities Inc (NYSE:AVB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 201 shares of the real estate investment trust’s stock, valued at approximately $35,000.

Several other hedge funds have also recently added to or reduced their stakes in AVB. Legacy Financial Advisors Inc. increased its holdings in shares of AvalonBay Communities by 54.0% in the 4th quarter. Legacy Financial Advisors Inc. now owns 174 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 61 shares in the last quarter. CNB Bank purchased a new position in shares of AvalonBay Communities in the 4th quarter valued at about $41,000. Lindbrook Capital LLC purchased a new position in shares of AvalonBay Communities in the 4th quarter valued at about $53,000. Rehmann Capital Advisory Group increased its holdings in AvalonBay Communities by 24.4% during the 4th quarter. Rehmann Capital Advisory Group now owns 306 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 60 shares in the last quarter. Finally, Sandy Spring Bank purchased a new position in AvalonBay Communities during the 4th quarter valued at about $55,000. Institutional investors own 93.14% of the company’s stock.

Shares of NYSE AVB opened at $200.87 on Wednesday. The stock has a market cap of $27.82 billion, a PE ratio of 22.32, a PEG ratio of 3.81 and a beta of 0.60. AvalonBay Communities Inc has a 12 month low of $156.40 and a 12 month high of $201.80. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.66.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings results on Monday, February 4th. The real estate investment trust reported $2.31 EPS for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.01). The firm had revenue of $578.52 million for the quarter, compared to analysts’ expectations of $576.56 million. AvalonBay Communities had a return on equity of 9.33% and a net margin of 42.66%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.72 earnings per share. On average, research analysts predict that AvalonBay Communities Inc will post 9.32 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be issued a dividend of $1.52 per share. The ex-dividend date of this dividend is Thursday, March 28th. This is an increase from AvalonBay Communities’s previous quarterly dividend of $1.47. This represents a $6.08 dividend on an annualized basis and a dividend yield of 3.03%. AvalonBay Communities’s payout ratio is 65.33%.

In related news, EVP Edward M. Schulman sold 4,092 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $198.94, for a total value of $814,062.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider William M. Mclaughlin sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $199.76, for a total transaction of $499,400.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 92,837 shares of company stock valued at $18,248,863. Insiders own 0.43% of the company’s stock.

Several equities analysts have weighed in on AVB shares. KeyCorp raised their target price on shares of AvalonBay Communities from $199.00 to $207.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Morgan Stanley raised their target price on shares of AvalonBay Communities from $168.00 to $194.00 and gave the company an “equal weight” rating in a report on Monday, December 17th. Citigroup downgraded shares of AvalonBay Communities from a “buy” rating to a “neutral” rating and raised their target price for the company from $190.00 to $205.00 in a report on Thursday, February 21st. They noted that the move was a valuation call. SunTrust Banks raised their target price on shares of AvalonBay Communities to $208.00 and gave the company an “average” rating in a report on Thursday, February 14th. Finally, BTIG Research upgraded shares of AvalonBay Communities from a “neutral” rating to a “buy” rating and set a $216.00 target price for the company in a report on Thursday, December 6th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $197.94.

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About AvalonBay Communities

As of December 31, 2018, the Company owned or held a direct or indirect ownership interest in 291 apartment communities containing 85,158 apartment homes in 12 states and the District of Columbia, of which 21 communities were under development and nine 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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