Swiss National Bank lifted its holdings in shares of AvalonBay Communities Inc (NYSE:AVB) by 1.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 873,680 shares of the real estate investment trust’s stock after acquiring an additional 15,100 shares during the period. Swiss National Bank’s holdings in AvalonBay Communities were worth $155,873,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in AVB. Stifel Financial Corp lifted its holdings in shares of AvalonBay Communities by 75.8% during the 2nd quarter. Stifel Financial Corp now owns 10,875 shares of the real estate investment trust’s stock worth $2,090,000 after acquiring an additional 4,690 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of AvalonBay Communities by 170.4% during the 2nd quarter. Janus Henderson Group PLC now owns 250,601 shares of the real estate investment trust’s stock worth $48,161,000 after acquiring an additional 157,907 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of AvalonBay Communities during the 2nd quarter worth about $226,000. The Manufacturers Life Insurance Company lifted its holdings in shares of AvalonBay Communities by 3.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 144,567 shares of the real estate investment trust’s stock worth $27,782,000 after acquiring an additional 4,380 shares during the period. Finally, Nomura Holdings Inc. lifted its holdings in shares of AvalonBay Communities by 550.3% during the 2nd quarter. Nomura Holdings Inc. now owns 12,290 shares of the real estate investment trust’s stock worth $2,363,000 after acquiring an additional 10,400 shares during the period. 95.24% of the stock is owned by institutional investors.

Shares of AvalonBay Communities Inc (AVB) opened at $159.61 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a market cap of $22,040.22, a PE ratio of 25.10, a price-to-earnings-growth ratio of 2.41 and a beta of 0.34. AvalonBay Communities Inc has a 1 year low of $154.82 and a 1 year high of $199.52.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $2.25 earnings per share for the quarter, beating the consensus estimate of $1.22 by $1.03. The firm had revenue of $555.29 million during the quarter, compared to analysts’ expectations of $554.20 million. AvalonBay Communities had a net margin of 40.62% and a return on equity of 8.57%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.12 EPS. equities research analysts forecast that AvalonBay Communities Inc will post 9.02 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 29th will be given a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend is Wednesday, March 28th. This is a boost from AvalonBay Communities’s previous quarterly dividend of $1.42. AvalonBay Communities’s dividend payout ratio (DPR) is presently 89.31%.

A number of equities analysts have recently commented on AVB shares. Royal Bank of Canada reduced their price objective on shares of AvalonBay Communities from $206.00 to $200.00 and set an “outperform” rating for the company in a report on Monday, November 6th. Mizuho reaffirmed a “buy” rating and set a $220.00 price objective on shares of AvalonBay Communities in a report on Monday, November 6th. Stifel Nicolaus dropped their target price on shares of AvalonBay Communities from $209.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, November 1st. UBS Group upgraded shares of AvalonBay Communities from a “neutral” rating to a “buy” rating and increased their target price for the stock from $190.00 to $206.00 in a research report on Thursday, November 9th. Finally, Robert W. Baird reiterated a “buy” rating and set a $187.00 target price on shares of AvalonBay Communities in a research report on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $195.35.

In other AvalonBay Communities news, COO Sean J. Breslin sold 1,500 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $182.65, for a total value of $273,975.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy J. Naughton sold 25,160 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $183.84, for a total transaction of $4,625,414.40. The disclosure for this sale can be found here. Insiders sold a total of 30,660 shares of company stock valued at $5,628,669 in the last 90 days. Corporate insiders own 0.46% of the company’s stock.

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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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