Gulf International Bank UK Ltd increased its position in AvalonBay Communities Inc. (NYSE:AVB) by 0.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,745 shares of the real estate investment trust’s stock after buying an additional 100 shares during the period. Gulf International Bank UK Ltd’s holdings in AvalonBay Communities were worth $7,423,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. IFP Advisors Inc raised its position in 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 valued at $181,000 after buying an additional 3 shares during the period. West Oak Capital LLC raised its position in 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 valued at $191,000 after buying an additional 20 shares during the period. CAPROCK Group Inc. raised its position in AvalonBay Communities by 0.7% in the second quarter. CAPROCK Group Inc. now owns 3,128 shares of the real estate investment trust’s stock valued at $564,000 after buying an additional 22 shares during the period. Commonwealth Equity Services Inc raised its position in AvalonBay Communities by 1.2% in the second quarter. Commonwealth Equity Services Inc now owns 2,775 shares of the real estate investment trust’s stock valued at $501,000 after buying an additional 33 shares during the period. Finally, Mn Services Vermogensbeheer B.V. raised its position in AvalonBay Communities by 1.2% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 3,461 shares of the real estate investment trust’s stock valued at $562,000 after buying an additional 40 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) traded up 0.09% on Wednesday, reaching $164.91. 525,903 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $167.28 and its 200-day moving average price is $175.48. AvalonBay Communities Inc. has a 1-year low of $158.32 and a 1-year high of $192.29. The company has a market capitalization of $22.65 billion, a P/E ratio of 23.92 and a beta of 0.39.

AvalonBay Communities (NYSE:AVB) last released 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 net margin of 50.39% and a return on equity of 9.57%. During the same period in the prior year, the company posted $2.02 earnings per share. Analysts anticipate that AvalonBay Communities Inc. will post $8.28 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 16th. Stockholders of record on Friday, December 30th will be given a $1.35 dividend. The ex-dividend date is Wednesday, December 28th. This represents a $5.40 annualized dividend and a dividend yield of 3.28%. This is an increase from AvalonBay Communities’s previous quarterly dividend of $0.01. AvalonBay Communities’s payout ratio is presently 78.37%.

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Several brokerages have issued reports on AVB. Evercore ISI raised AvalonBay Communities from a “hold” rating to a “buy” rating and set a $179.00 price objective on the stock in a report on Monday. Bank of America Corp. lowered AvalonBay Communities from a “buy” rating to a “neutral” rating and set a $179.00 price objective on the stock. in a report on Wednesday, November 23rd. Cantor Fitzgerald set a $188.00 price objective on AvalonBay Communities and gave the stock a “hold” rating in a report on Monday, October 24th. Zacks Investment Research lowered AvalonBay Communities from a “hold” rating to a “sell” rating in a report on Tuesday, October 25th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of AvalonBay Communities in a report on Tuesday, September 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $194.56.

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.

5 Day Chart for NYSE:AVB

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