Tredje AP fonden trimmed its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 6.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,484 shares of the real estate investment trust’s stock after selling 790 shares during the period. Tredje AP fonden’s holdings in AvalonBay Communities were worth $2,065,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Sarasin & Partners LLP lifted its holdings in AvalonBay Communities by 5.3% in the third quarter. Sarasin & Partners LLP now owns 84,867 shares of the real estate investment trust’s stock valued at $15,142,000 after buying an additional 4,287 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its holdings in AvalonBay Communities by 6.0% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 24,565 shares of the real estate investment trust’s stock valued at $4,383,000 after buying an additional 1,397 shares during the period. KBC Group NV lifted its holdings in AvalonBay Communities by 12.0% in the third quarter. KBC Group NV now owns 61,038 shares of the real estate investment trust’s stock valued at $10,891,000 after buying an additional 6,528 shares during the period. Dimensional Fund Advisors LP lifted its holdings in AvalonBay Communities by 2.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,951,873 shares of the real estate investment trust’s stock valued at $348,254,000 after buying an additional 38,163 shares during the period. Finally, Brown Advisory Inc. lifted its holdings in AvalonBay Communities by 2.7% in the third quarter. Brown Advisory Inc. now owns 21,493 shares of the real estate investment trust’s stock valued at $3,835,000 after buying an additional 564 shares during the period. Institutional investors own 94.82% of the company’s stock.

Shares of AvalonBay Communities, Inc. (NYSE:AVB) opened at $178.81 on Wednesday. AvalonBay Communities, Inc. has a 12 month low of $163.58 and a 12 month high of $199.52. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.69. The company has a market cap of $25,010.48, a P/E ratio of 21.33, a price-to-earnings-growth ratio of 2.85 and a beta of 0.35.

AvalonBay Communities (NYSE:AVB) last issued its earnings results on Monday, October 30th. The real estate investment trust reported $1.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.17 by ($0.45). AvalonBay Communities had a net margin of 41.55% and a return on equity of 8.66%. The firm had revenue of $550.50 million during the quarter, compared to the consensus estimate of $539.69 million. During the same period in the previous year, the company posted $2.11 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. equities research analysts forecast that AvalonBay Communities, Inc. will post 8.62 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Thursday, December 28th. AvalonBay Communities’s dividend payout ratio is 88.75%.

Several brokerages recently weighed in on AVB. BMO Capital Markets restated a “hold” rating and issued a $190.00 price objective on shares of AvalonBay Communities in a report on Monday, November 27th. UBS upgraded shares of AvalonBay Communities from a “neutral” rating to a “buy” rating and increased their price objective for the company from $190.00 to $206.00 in a report on Thursday, November 9th. Royal Bank Of Canada cut their price objective on shares of AvalonBay Communities from $206.00 to $200.00 and set an “outperform” rating on the stock in a report on Monday, November 6th. Mizuho restated a “buy” rating and issued a $220.00 price objective on shares of AvalonBay Communities in a report on Monday, November 6th. Finally, Stifel Nicolaus lowered their target price on shares of AvalonBay Communities from $209.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. AvalonBay Communities presently has an average rating of “Hold” and an average price target of $199.20.

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About AvalonBay Communities

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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