AvalonBay Communities, Inc. $AVB Shares Sold by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC cut its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 17.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,854 shares of the real estate investment trust’s stock after selling 5,204 shares during the quarter. New Age Alpha Advisors LLC’s holdings in AvalonBay Communities were worth $4,506,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in AvalonBay Communities during the fourth quarter worth about $224,000. MQS Management LLC acquired a new stake in AvalonBay Communities during the fourth quarter worth about $913,000. Global Retirement Partners LLC increased its stake in AvalonBay Communities by 269.3% during the fourth quarter. Global Retirement Partners LLC now owns 2,083 shares of the real estate investment trust’s stock worth $378,000 after acquiring an additional 1,519 shares during the last quarter. ABN Amro Investment Solutions increased its stake in AvalonBay Communities by 4.7% during the fourth quarter. ABN Amro Investment Solutions now owns 18,388 shares of the real estate investment trust’s stock worth $3,334,000 after acquiring an additional 820 shares during the last quarter. Finally, Marble Harbor Investment Counsel LLC increased its stake in AvalonBay Communities by 15.7% during the fourth quarter. Marble Harbor Investment Counsel LLC now owns 1,620 shares of the real estate investment trust’s stock worth $294,000 after acquiring an additional 220 shares during the last quarter. 92.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on AVB. Barclays dropped their price target on AvalonBay Communities from $206.00 to $203.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Cantor Fitzgerald upped their price target on AvalonBay Communities from $186.00 to $190.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Wall Street Zen upgraded AvalonBay Communities from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Citigroup lowered their target price on AvalonBay Communities from $212.00 to $198.00 and set a “neutral” rating for the company in a research note on Friday, February 13th. Finally, Scotiabank lowered their target price on AvalonBay Communities from $190.00 to $187.00 and set a “sector perform” rating for the company in a research note on Thursday, May 14th. Four research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $196.93.

AvalonBay Communities Trading Up 0.0%

Shares of AVB opened at $185.72 on Tuesday. The company has a market capitalization of $25.84 billion, a P/E ratio of 26.92, a P/E/G ratio of 3.23 and a beta of 0.79. AvalonBay Communities, Inc. has a one year low of $160.10 and a one year high of $209.86. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a 50-day moving average price of $174.06 and a 200 day moving average price of $176.88.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.33 EPS for the quarter, missing analysts’ consensus estimates of $2.80 by ($0.47). The business had revenue of $770.28 million during the quarter, compared to analysts’ expectations of $768.80 million. AvalonBay Communities had a net margin of 37.21% and a return on equity of 9.56%. During the same period in the prior year, the company posted $2.83 EPS. Sell-side analysts forecast that AvalonBay Communities, Inc. will post 11.3 EPS for the current fiscal year.

AvalonBay Communities Company Profile

AvalonBay Communities, Inc (NYSE: AVB) is a publicly traded real estate investment trust (REIT) that owns, develops, redevelops and manages multifamily residential properties. The company focuses on professionally managed apartment communities, offering a range of rental housing options and related resident services. As a REIT, AvalonBay’s core activities center on the acquisition and development of apartment assets and the ongoing operations and leasing of those communities.

AvalonBay’s operating activities include ground-up development, strategic redevelopment of existing properties, property and asset management, and on-site leasing and resident services.