Trading Report: Today, Aperio Group LLC Buys 7,213 Shares of AvalonBay Communities Inc. (AVB)

Today, Aperio Group LLC Buys 7,213 Shares of AvalonBay Communities Inc. (AVB)

Aperio Group LLC raised its stake in shares of AvalonBay Communities Inc. (NYSE:AVB) by 18.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,068 shares of the real estate investment trust’s stock after buying an additional 7,213 shares during the period. Aperio Group LLC’s holdings in AvalonBay Communities were worth $8,193,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. GWM Advisors LLC acquired a new stake in shares of AvalonBay Communities during the second quarter valued at about $454,000. Capstone Asset Management Co. raised its stake in shares of AvalonBay Communities by 3.0% in the second quarter. Capstone Asset Management Co. now owns 14,309 shares of the real estate investment trust’s stock valued at $2,581,000 after buying an additional 416 shares during the period. NN Investment Partners Holdings N.V. raised its stake in shares of AvalonBay Communities by 0.3% in the second quarter. NN Investment Partners Holdings N.V. now owns 31,581 shares of the real estate investment trust’s stock valued at $5,697,000 after buying an additional 100 shares during the period. First Financial Corp IN raised its stake in shares of AvalonBay Communities by 21.8% in the second quarter. First Financial Corp IN now owns 559 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 100 shares during the period. Finally, Creative Planning raised its stake in shares of AvalonBay Communities by 363.1% in the second quarter. Creative Planning now owns 4,043 shares of the real estate investment trust’s stock valued at $729,000 after buying an additional 3,170 shares during the period. Institutional investors own 96.50% of the company’s stock.

AvalonBay Communities Inc. (NYSE:AVB) traded down 1.21% on Thursday, reaching $160.44. 1,065,014 shares of the company’s stock were exchanged. AvalonBay Communities Inc. has a one year low of $158.32 and a one year high of $192.29. The firm has a 50 day moving average price of $167.51 and a 200 day moving average price of $176.05. The firm has a market cap of $22.03 billion, a PE ratio of 23.28 and a beta of 0.39.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings results on Monday, October 24th. The real estate investment trust reported $2.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.11. AvalonBay Communities had a net margin of 50.39% and a return on equity of 9.57%. During the same period in the previous year, the company posted $2.02 EPS. On average, equities analysts anticipate that AvalonBay Communities Inc. will post $8.29 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 16th. Investors of record on Friday, December 30th will be paid a $1.35 dividend. The ex-dividend date is Wednesday, December 28th. This represents a $5.40 dividend on an annualized basis and a yield of 3.37%. This is a boost from AvalonBay Communities’s previous quarterly dividend of $0.01. AvalonBay Communities’s dividend payout ratio (DPR) is currently 78.37%.

A number of equities analysts have weighed in on AVB shares. Jefferies Group reiterated a “hold” rating on shares of AvalonBay Communities in a research report on Monday, August 1st. Deutsche Bank AG dropped their price target on shares of AvalonBay Communities from $194.00 to $193.00 and set a “buy” rating for the company in a research report on Wednesday, August 10th. Sandler O’Neill upgraded shares of AvalonBay Communities from a “hold” rating to a “buy” rating in a research report on Tuesday, September 6th. BTIG Research started coverage on shares of AvalonBay Communities in a research report on Thursday, August 25th. They issued a “buy” rating and a $208.00 price target for the company. Finally, Cantor Fitzgerald set a $188.00 price target on shares of AvalonBay Communities and gave the stock a “hold” rating in a research report on Monday, October 24th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. AvalonBay Communities has a consensus rating of “Hold” and an average price target of $196.13.

About AvalonBay Communities

AvalonBay Communities, Inc is a real estate investment trust. The Company focuses 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.

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