AvalonBay Communities Inc (AVB) Shares Bought by Ffcm LLC

Ffcm LLC increased its stake in AvalonBay Communities Inc (NYSE:AVB) by 6.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,069 shares of the real estate investment trust’s stock after buying an additional 639 shares during the period. Ffcm LLC’s holdings in AvalonBay Communities were worth $1,849,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Mutual of America Capital Management LLC raised its position in shares of AvalonBay Communities by 0.6% in the first quarter. Mutual of America Capital Management LLC now owns 22,330 shares of the real estate investment trust’s stock valued at $4,100,000 after buying an additional 137 shares during the last quarter. State of Wisconsin Investment Board raised its position in shares of AvalonBay Communities by 14.3% in the first quarter. State of Wisconsin Investment Board now owns 136,804 shares of the real estate investment trust’s stock valued at $25,117,000 after buying an additional 17,099 shares during the last quarter. Virginia Retirement Systems ET AL raised its position in shares of AvalonBay Communities by 13.4% in the first quarter. Virginia Retirement Systems ET AL now owns 142,221 shares of the real estate investment trust’s stock valued at $26,112,000 after buying an additional 16,800 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in shares of AvalonBay Communities by 3.4% in the first quarter. Parametric Portfolio Associates LLC now owns 243,637 shares of the real estate investment trust’s stock valued at $44,732,000 after buying an additional 7,948 shares during the last quarter. Finally, Toronto Dominion Bank raised its position in shares of AvalonBay Communities by 56.5% in the first quarter. Toronto Dominion Bank now owns 37,064 shares of the real estate investment trust’s stock valued at $6,804,000 after buying an additional 13,382 shares during the last quarter. 97.05% of the stock is owned by hedge funds and other institutional investors.

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

Shares of AvalonBay Communities Inc (NYSE:AVB) traded down 0.32% during mid-day trading on Friday, hitting $191.25. 1,166,910 shares of the stock were exchanged. AvalonBay Communities Inc has a 52-week low of $158.32 and a 52-week high of $194.11. The stock has a 50-day moving average price of $188.65 and a 200 day moving average price of $178.37. The firm has a market cap of $26.28 billion, a price-to-earnings ratio of 25.48 and a beta of 0.33.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data on Wednesday, April 26th. The real estate investment trust reported $2.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.11 by $0.02. AvalonBay Communities had a net margin of 50.56% and a return on equity of 10.36%. The company had revenue of $522.33 million for the quarter, compared to analyst estimates of $520.56 million. During the same quarter last year, the company earned $1.97 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts expect that AvalonBay Communities Inc will post $5.05 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be issued a dividend of $1.42 per share. The ex-dividend date is Wednesday, June 28th. This represents a $5.68 annualized dividend and a dividend yield of 2.97%. AvalonBay Communities’s dividend payout ratio (DPR) is currently 71.81%.

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Several research analysts recently issued reports on the stock. BTIG Research increased their price target on shares of AvalonBay Communities from $191.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, April 24th. Deutsche Bank AG lowered shares of AvalonBay Communities from a “buy” rating to a “hold” rating and set a $193.00 price target for the company. in a research note on Wednesday. Jefferies Group LLC reiterated a “hold” rating and issued a $196.00 price target on shares of AvalonBay Communities in a research note on Monday, April 24th. Mizuho reiterated a “buy” rating and issued a $190.00 price target on shares of AvalonBay Communities in a research note on Tuesday, February 7th. Finally, Barclays PLC increased their price target on shares of AvalonBay Communities from $174.00 to $188.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 19th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. AvalonBay Communities has an average rating of “Hold” and an average price target of $192.00.

In other news, SVP Keri A. Shea sold 1,000 shares of the company’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $192.36, for a total transaction of $192,360.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Edward M. Schulman sold 1,764 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $191.82, for a total transaction of $338,370.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,784 shares of company stock worth $7,964,242. Corporate insiders own 0.53% of the company’s stock.

About AvalonBay Communities

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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