Calamos Advisors LLC boosted its stake in AvalonBay Communities Inc (NYSE:AVB) by 1.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,004 shares of the real estate investment trust’s stock after purchasing an additional 187 shares during the quarter. Calamos Advisors LLC’s holdings in AvalonBay Communities were worth $3,815,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Legacy Financial Advisors Inc. boosted its position in shares of AvalonBay Communities by 54.0% during the 4th quarter. Legacy Financial Advisors Inc. now owns 174 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 61 shares during the last quarter. Nalls Sherbakoff Group LLC bought a new stake in shares of AvalonBay Communities during the 4th quarter valued at about $35,000. CNB Bank bought a new stake in shares of AvalonBay Communities during the 4th quarter valued at about $41,000. Lindbrook Capital LLC bought a new stake in shares of AvalonBay Communities during the 4th quarter valued at about $53,000. Finally, Rehmann Capital Advisory Group boosted its position in shares of AvalonBay Communities by 24.4% during the 4th quarter. Rehmann Capital Advisory Group now owns 306 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 60 shares during the last quarter. Institutional investors and hedge funds own 93.07% of the company’s stock.

Shares of AvalonBay Communities stock opened at $204.13 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $28.30 billion, a price-to-earnings ratio of 22.68, a P/E/G ratio of 3.87 and a beta of 0.61. AvalonBay Communities Inc has a one year low of $156.93 and a one year high of $204.53.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings results on Monday, February 4th. The real estate investment trust reported $2.31 EPS for the quarter, missing the Zacks’ consensus estimate of $2.32 by ($0.01). The company had revenue of $578.52 million during the quarter, compared to analysts’ expectations of $576.56 million. AvalonBay Communities had a return on equity of 9.33% and a net margin of 42.66%. AvalonBay Communities’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $1.72 earnings per share. As a group, equities analysts expect that AvalonBay Communities Inc will post 9.32 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $1.52 dividend. This is a boost from AvalonBay Communities’s previous quarterly dividend of $1.47. This represents a $6.08 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date was Thursday, March 28th. AvalonBay Communities’s payout ratio is 67.56%.

In other AvalonBay Communities news, insider Leo S. Horey III sold 5,000 shares of AvalonBay Communities stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $196.10, for a total value of $980,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider William M. Mclaughlin sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $199.76, for a total value of $499,400.00. The disclosure for this sale can be found here. Insiders sold a total of 92,837 shares of company stock worth $18,248,863 over the last ninety days. Insiders own 0.43% of the company’s stock.

A number of brokerages have recently issued reports on AVB. Barclays lifted their price target on AvalonBay Communities from $203.00 to $211.00 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. KeyCorp boosted their target price on AvalonBay Communities from $199.00 to $207.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. SunTrust Banks boosted their target price on AvalonBay Communities to $208.00 and gave the stock an “average” rating in a research report on Thursday, February 14th. Citigroup downgraded AvalonBay Communities from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $190.00 to $205.00 in a research report on Thursday, February 21st. They noted that the move was a valuation call. Finally, Morgan Stanley boosted their target price on AvalonBay Communities from $168.00 to $194.00 and gave the stock an “equal weight” rating in a research report on Monday, December 17th. One investment analyst has rated the stock with a sell rating, nine 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 target price of $200.75.

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AvalonBay Communities Company Profile

As of December 31, 2018, the Company owned or held a direct or indirect ownership interest in 291 apartment communities containing 85,158 apartment homes in 12 states and the District of Columbia, of which 21 communities were under development and nine communities were under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas primarily in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and the Northern and Southern California regions of the United States.

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

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