Enlightenment Research LLC Purchases Shares of 1,400 AvalonBay Communities Inc (AVB)

Enlightenment Research LLC purchased a new stake in AvalonBay Communities Inc (NYSE:AVB) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 1,400 shares of the real estate investment trust’s stock, valued at approximately $244,000.

Several other institutional investors have also recently bought and sold shares of the company. Prudential Financial Inc. boosted its position in shares of AvalonBay Communities by 3.1% during the 3rd quarter. Prudential Financial Inc. now owns 794,657 shares of the real estate investment trust’s stock worth $143,952,000 after purchasing an additional 24,163 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of AvalonBay Communities by 2.6% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 640,664 shares of the real estate investment trust’s stock worth $116,056,000 after purchasing an additional 16,029 shares during the period. Royal London Asset Management Ltd. boosted its position in shares of AvalonBay Communities by 10.5% during the 3rd quarter. Royal London Asset Management Ltd. now owns 67,839 shares of the real estate investment trust’s stock worth $12,288,000 after purchasing an additional 6,435 shares during the period. Stone Ridge Asset Management LLC purchased a new position in shares of AvalonBay Communities during the 3rd quarter worth approximately $4,891,000. Finally, IFP Advisors Inc boosted its position in shares of AvalonBay Communities by 627.2% during the 3rd quarter. IFP Advisors Inc now owns 749 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 646 shares during the period. 94.34% of the stock is owned by institutional investors and hedge funds.

In other news, EVP William M. Mclaughlin sold 23,302 shares of the firm’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $186.87, for a total value of $4,354,444.74. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Edward M. Schulman sold 1,400 shares of the firm’s stock in a transaction on Friday, November 16th. The shares were sold at an average price of $183.76, for a total transaction of $257,264.00. The disclosure for this sale can be found here. Insiders sold a total of 37,953 shares of company stock worth $7,096,213 over the last 90 days. Company insiders own 0.43% of the company’s stock.

A number of equities analysts recently weighed in on the stock. ValuEngine raised shares of AvalonBay Communities from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. Morgan Stanley increased their price objective on shares of AvalonBay Communities from $168.00 to $194.00 and gave the stock an “equal weight” rating in a research report on Monday, December 17th. Scotiabank set a $183.00 target price on shares of AvalonBay Communities and gave the stock a “hold” rating in a report on Monday, November 12th. Argus increased their target price on shares of AvalonBay Communities from $196.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, November 21st. Finally, BTIG Research upgraded shares of AvalonBay Communities from a “neutral” rating to a “buy” rating and set a $216.00 target price on the stock in a report on Thursday, December 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $195.50.

Shares of AVB opened at $196.07 on Thursday. AvalonBay Communities Inc has a twelve month low of $152.65 and a twelve month high of $196.21. The firm has a market capitalization of $26.74 billion, a PE ratio of 21.79, a PEG ratio of 3.24 and a beta of 0.62. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.66.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings data on Monday, February 4th. The real estate investment trust reported $2.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.32 by ($0.01). AvalonBay Communities had a net margin of 42.66% and a return on equity of 9.33%. The firm had revenue of $578.52 million during the quarter, compared to analyst estimates of $576.56 million. During the same quarter in the previous year, the business posted $1.72 earnings per share. AvalonBay Communities’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts expect that AvalonBay Communities Inc will post 9.31 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be issued a $1.52 dividend. This represents a $6.08 dividend on an annualized basis and a dividend yield of 3.10%. This is a positive change from AvalonBay Communities’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Thursday, March 28th. AvalonBay Communities’s dividend payout ratio (DPR) is presently 65.33%.

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AvalonBay Communities Company Profile

As of September 30, 2018, the Company owned or held a direct or indirect ownership interest in 290 apartment communities containing 84,490 apartment homes in 12 states and the District of Columbia, of which 19 communities were under development and 15 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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