Trading Report: Today, Advisors Asset Management Inc. decides to keep it stake in AvalonBay Communities Inc. (AVB) to the level of $775,000

Today, Advisors Asset Management Inc. decides to keep it stake in AvalonBay Communities Inc. (AVB) to the level of $775,000

Advisors Asset Management Inc. boosted its position in AvalonBay Communities Inc. (NYSE:AVB) by 124.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,357 shares of the real estate investment trust’s stock after buying an additional 2,417 shares during the period. Advisors Asset Management Inc.’s holdings in AvalonBay Communities were worth $775,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Emerald Acquisition Ltd. purchased a new stake in shares of AvalonBay Communities during the second quarter worth about $129,792,000. Standard Life Investments LTD boosted its stake in shares of AvalonBay Communities by 746.9% in the third quarter. Standard Life Investments LTD now owns 679,719 shares of the real estate investment trust’s stock worth $120,864,000 after buying an additional 599,463 shares during the period. FMR LLC boosted its stake in shares of AvalonBay Communities by 25.3% in the second quarter. FMR LLC now owns 2,823,120 shares of the real estate investment trust’s stock worth $509,263,000 after buying an additional 570,396 shares during the period. Cohen & Steers Inc. boosted its stake in shares of AvalonBay Communities by 5,534.7% in the second quarter. Cohen & Steers Inc. now owns 573,500 shares of the real estate investment trust’s stock worth $24,781,000 after buying an additional 563,322 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of AvalonBay Communities by 2.0% in the second quarter. Vanguard Group Inc. now owns 21,146,084 shares of the real estate investment trust’s stock worth $3,814,543,000 after buying an additional 406,436 shares during the period. 96.50% of the stock is owned by hedge funds and other institutional investors.

AvalonBay Communities Inc. (NYSE:AVB) traded up 0.29% during trading on Friday, reaching $160.90. 425,551 shares of the company’s stock traded hands. The company has a 50-day moving average price of $167.34 and a 200 day moving average price of $175.85. The firm has a market capitalization of $22.10 billion, a PE ratio of 23.34 and a beta of 0.39. AvalonBay Communities Inc. has a one year low of $158.32 and a one year high of $192.29.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, January 16th. Investors of record on Friday, December 30th will be issued a $1.35 dividend. This is a positive change from AvalonBay Communities’s previous quarterly dividend of $0.01. This represents a $5.40 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Wednesday, December 28th. AvalonBay Communities’s payout ratio is 78.37%.

A number of analysts have recently issued reports on AVB shares. Sandler O’Neill raised shares of AvalonBay Communities from a “hold” rating to a “buy” rating in a research note on Tuesday, September 6th. Jefferies Group reissued a “hold” rating on shares of AvalonBay Communities in a research note on Tuesday, September 6th. Deutsche Bank AG reduced their price objective on shares of AvalonBay Communities from $194.00 to $193.00 and set a “buy” rating for the company in a research note on Wednesday, August 10th. BTIG Research started coverage on shares of AvalonBay Communities in a research note on Thursday, August 25th. They issued a “buy” rating and a $208.00 price objective for the company. Finally, Zacks Investment Research cut shares of AvalonBay Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, October 25th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. AvalonBay Communities presently has a consensus rating of “Hold” and a consensus price target of $195.06.

AvalonBay Communities Company Profile

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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