Chicago Equity Partners LLC decreased its holdings in AvalonBay Communities Inc (NYSE:AVB) by 11.1% in the 4th quarter, HoldingsChannel reports. The fund owned 16,775 shares of the real estate investment trust’s stock after selling 2,085 shares during the quarter. Chicago Equity Partners LLC’s holdings in AvalonBay Communities were worth $2,993,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AVB. Janus Henderson Group PLC grew its stake in shares of AvalonBay Communities by 151.2% in the third quarter. Janus Henderson Group PLC now owns 629,410 shares of the real estate investment trust’s stock worth $112,300,000 after acquiring an additional 378,809 shares in the last quarter. Koch Industries Inc. acquired a new position in shares of AvalonBay Communities in the second quarter worth $365,000. PGGM Investments grew its stake in shares of AvalonBay Communities by 21.4% in the fourth quarter. PGGM Investments now owns 1,993,000 shares of the real estate investment trust’s stock worth $355,571,000 after acquiring an additional 350,790 shares in the last quarter. Old Mutual Global Investors UK Ltd. grew its stake in shares of AvalonBay Communities by 185.9% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 504,090 shares of the real estate investment trust’s stock worth $89,939,000 after acquiring an additional 327,763 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of AvalonBay Communities by 316.7% in the third quarter. Canada Pension Plan Investment Board now owns 407,714 shares of the real estate investment trust’s stock worth $72,744,000 after acquiring an additional 309,867 shares in the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

In related news, insider Leo S. Horey III sold 2,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $182.75, for a total value of $365,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Sean J. Breslin sold 1,500 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $182.65, for a total transaction of $273,975.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,660 shares of company stock valued at $5,628,669. 0.46% of the stock is owned by corporate insiders.

Several equities analysts have commented on AVB shares. Robert W. Baird restated a “buy” rating and issued a $187.00 price target on shares of AvalonBay Communities in a research note on Tuesday, January 9th. Stifel Nicolaus dropped their price target 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. Sandler O’Neill downgraded shares of AvalonBay Communities from a “buy” rating to a “hold” rating in a research note on Friday. Barclays dropped their price target on shares of AvalonBay Communities from $189.00 to $186.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 30th. Finally, Zacks Investment Research upgraded shares of AvalonBay Communities from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company. AvalonBay Communities currently has a consensus rating of “Hold” and a consensus target price of $197.41.

AvalonBay Communities Inc (AVB) opened at $163.96 on Monday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.10 and a current ratio of 0.10. The company has a market cap of $22,640.00, a price-to-earnings ratio of 25.82, a P/E/G ratio of 2.46 and a beta of 0.34. AvalonBay Communities Inc has a 12 month low of $158.68 and a 12 month high of $199.52.

AvalonBay Communities (NYSE:AVB) last issued its earnings results on Wednesday, January 31st. The real estate investment trust reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $1.03. The firm had revenue of $555.29 million during the quarter, compared to the consensus estimate of $554.20 million. AvalonBay Communities had a net margin of 40.62% and a return on equity of 8.57%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.12 earnings per share. analysts expect that AvalonBay Communities Inc will post 9.05 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 29th will be given a $1.47 dividend. The ex-dividend date is Wednesday, March 28th. This is a boost from AvalonBay Communities’s previous quarterly dividend of $1.42. This represents a $5.88 dividend on an annualized basis and a yield of 3.59%. AvalonBay Communities’s payout ratio is 89.45%.

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AvalonBay Communities Profile

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.

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

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