Ffcm LLC lowered its position in shares of AvalonBay Communities Inc (NYSE:AVB) by 20.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,120 shares of the real estate investment trust’s stock after selling 3,130 shares during the quarter. Ffcm LLC’s holdings in AvalonBay Communities were worth $2,195,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of AVB. Long Pond Capital LP lifted its holdings in AvalonBay Communities by 71.0% during the second quarter. Long Pond Capital LP now owns 764,656 shares of the real estate investment trust’s stock valued at $131,437,000 after purchasing an additional 317,360 shares in the last quarter. Barings LLC lifted its holdings in AvalonBay Communities by 10,824.0% during the third quarter. Barings LLC now owns 309,040 shares of the real estate investment trust’s stock valued at $55,983,000 after purchasing an additional 306,211 shares in the last quarter. BlackRock Inc. lifted its holdings in AvalonBay Communities by 1.6% during the third quarter. BlackRock Inc. now owns 15,315,518 shares of the real estate investment trust’s stock valued at $2,774,406,000 after purchasing an additional 242,688 shares in the last quarter. Millennium Management LLC lifted its holdings in AvalonBay Communities by 2,671.7% during the second quarter. Millennium Management LLC now owns 248,176 shares of the real estate investment trust’s stock valued at $42,659,000 after purchasing an additional 239,222 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in AvalonBay Communities by 111.7% during the third quarter. American Century Companies Inc. now owns 410,221 shares of the real estate investment trust’s stock valued at $74,312,000 after purchasing an additional 216,457 shares in the last quarter. 93.55% of the stock is currently owned by institutional investors and hedge funds.

In related news, CFO Kevin P. O’shea sold 1,500 shares of the business’s stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $179.51, for a total value of $269,265.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Edward M. Schulman sold 1,400 shares of the business’s stock in a transaction on Friday, November 16th. The stock was 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 13,980 shares of company stock worth $2,560,117 in the last 90 days. 0.43% of the stock is currently owned by company insiders.

Several brokerages have weighed in on AVB. Argus lifted their price target on shares of AvalonBay Communities from $196.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday. ValuEngine raised shares of AvalonBay Communities from a “hold” rating to a “buy” rating in a report on Wednesday. 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. BMO Capital Markets raised shares of AvalonBay Communities from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $188.00 to $195.00 in a report on Friday, November 2nd. Finally, Evercore ISI set a $194.00 target price on shares of AvalonBay Communities and gave the stock a “buy” rating in a report on Monday, October 1st. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $192.41.

Shares of AVB opened at $186.45 on Thursday. AvalonBay Communities Inc has a fifty-two week low of $152.65 and a fifty-two week high of $188.60. The firm has a market capitalization of $25.78 billion, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 2.83 and a beta of 0.38. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.72.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings results on Monday, October 29th. The real estate investment trust reported $1.39 earnings per share for the quarter, missing the consensus estimate of $2.26 by ($0.87). AvalonBay Communities had a return on equity of 7.96% and a net margin of 36.54%. The business had revenue of $575.98 million during the quarter, compared to the consensus estimate of $573.87 million. During the same quarter in the prior year, the firm posted $1.72 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, analysts anticipate that AvalonBay Communities Inc will post 8.98 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be given a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Friday, December 28th. AvalonBay Communities’s dividend payout ratio is presently 68.21%.

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About AvalonBay Communities

As of June 30, 2018, the Company owned or held a direct or indirect ownership interest in 287 apartment communities containing 84,043 apartment homes in 12 states and the District of Columbia, of which 19 communities were under development and 16 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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