Robeco Institutional Asset Management B.V. decreased its position in shares of AvalonBay Communities Inc. (NYSE:AVB) by 13.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 122,209 shares of the real estate investment trust’s stock after selling 19,699 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in AvalonBay Communities were worth $21,732,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bailard Inc. purchased a new position in AvalonBay Communities during the second quarter worth about $477,000. ING Groep NV purchased a new position in AvalonBay Communities during the second quarter worth about $872,000. Mizuho Trust & Banking Co. Ltd. raised its position in AvalonBay Communities by 2.8% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 247,162 shares of the real estate investment trust’s stock worth $44,586,000 after buying an additional 6,748 shares during the last quarter. LS Investment Advisors LLC raised its position in AvalonBay Communities by 0.5% in the second quarter. LS Investment Advisors LLC now owns 9,483 shares of the real estate investment trust’s stock worth $1,711,000 after buying an additional 48 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its position in AvalonBay Communities by 267.6% in the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 112,121 shares of the real estate investment trust’s stock worth $20,124,000 after buying an additional 81,621 shares during the last quarter. 95.84% of the stock is owned by hedge funds and other institutional investors.

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

AvalonBay Communities Inc. (NYSE:AVB) traded up 0.658% during midday trading on Tuesday, hitting $164.495. 202,791 shares of the stock were exchanged. AvalonBay Communities Inc. has a one year low of $158.32 and a one year high of $192.29. The firm has a market capitalization of $22.59 billion, a price-to-earnings ratio of 23.864 and a beta of 0.39. The company has a 50 day moving average price of $167.28 and a 200 day moving average price of $175.48.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings data on Monday, October 24th. The real estate investment trust reported $2.11 EPS for the quarter, hitting analysts’ consensus estimates of $2.11. AvalonBay Communities had a net margin of 50.39% and a return on equity of 9.57%. During the same quarter last year, the company posted $2.02 EPS. Equities analysts anticipate that AvalonBay Communities Inc. will post $8.28 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 16th. Shareholders of record on Friday, December 30th will be issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $5.40 dividend on an annualized basis and a yield of 3.36%. This is a positive change from AvalonBay Communities’s previous quarterly dividend of $0.01. AvalonBay Communities’s dividend payout ratio is currently 78.37%.

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A number of analysts have recently weighed in on AVB shares. Jefferies Group reaffirmed a “neutral” rating on shares of AvalonBay Communities in a research note on Monday, August 29th. BTIG Research started coverage on shares of AvalonBay Communities in a research note on Thursday, August 25th. They issued a “buy” rating and a $208.00 price target for the company. Cantor Fitzgerald set a $188.00 price target on shares of AvalonBay Communities and gave the stock a “hold” rating in a research note on Monday, October 24th. Bank of America Corp. lowered shares of AvalonBay Communities from a “buy” rating to a “neutral” rating and set a $179.00 price target for the company. in a research note on Wednesday, November 23rd. Finally, Sandler O’Neill raised shares of AvalonBay Communities from a “hold” rating to a “buy” rating in a research note on Tuesday, September 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $194.56.

AvalonBay Communities Company Profile

AvalonBay Communities, Inc is a real estate investment trust. The Company focuses 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.

5 Day Chart for NYSE:AVB

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