Duff & Phelps Investment Management Co. boosted its position in AvalonBay Communities Inc. (NYSE:AVB) by 0.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 347,481 shares of the real estate investment trust’s stock after buying an additional 530 shares during the period. Duff & Phelps Investment Management Co. owned about 0.25% of AvalonBay Communities worth $61,796,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AVB. 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 worth $101,000 after buying an additional 100 shares during the period. Wolverine Asset Management LLC bought a new stake in shares of AvalonBay Communities during the second quarter worth about $125,000. First New York Securities LLC NY bought a new stake in shares of AvalonBay Communities during the second quarter worth about $144,000. IFP Advisors Inc raised its stake in shares of AvalonBay Communities by 0.3% in the second quarter. IFP Advisors Inc now owns 1,006 shares of the real estate investment trust’s stock worth $181,000 after buying an additional 3 shares during the period. Finally, West Oak Capital LLC raised its stake in shares of AvalonBay Communities by 1.9% in the second quarter. West Oak Capital LLC now owns 1,060 shares of the real estate investment trust’s stock worth $191,000 after buying an additional 20 shares during the period. 95.84% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of AvalonBay Communities Inc. (NYSE:AVB) opened at 162.75 on Wednesday. The firm has a 50-day moving average of $167.28 and a 200-day moving average of $175.48. The firm has a market capitalization of $22.35 billion, a P/E ratio of 23.61 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 issued its earnings results on Monday, October 24th. The real estate investment trust reported $2.11 EPS for the quarter, hitting the 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 in the previous year, the company earned $2.02 earnings per share. On average, equities analysts predict that AvalonBay Communities Inc. will post $8.28 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 16th. Shareholders of record on Friday, December 30th will be paid a dividend of $1.35 per share. 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 3.28%. The ex-dividend date is Wednesday, December 28th. AvalonBay Communities’s dividend payout ratio is currently 78.37%.

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A number of brokerages recently issued reports on AVB. 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 note on Wednesday, August 10th. Jefferies Group reiterated a “hold” rating on shares of AvalonBay Communities in a research note on Tuesday, September 6th. Zacks Investment Research lowered shares of AvalonBay Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, October 25th. Sandler O’Neill upgraded shares of AvalonBay Communities from a “hold” rating to a “buy” rating in a research note on Tuesday, September 6th. Finally, Evercore ISI upgraded shares of AvalonBay Communities from a “hold” rating to a “buy” rating and set a $179.00 target price for the company in a research note on Monday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. AvalonBay Communities currently has an average rating of “Hold” and a consensus price target of $194.56.

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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