Stableford Capital II LLC Invests $1.62 Million in AvalonBay Communities, Inc. $AVB

Stableford Capital II LLC acquired a new position in AvalonBay Communities, Inc. (NYSE:AVB) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,400 shares of the real estate investment trust’s stock, valued at approximately $1,623,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Perpetual Ltd increased its position in AvalonBay Communities by 0.5% in the second quarter. Perpetual Ltd now owns 10,650 shares of the real estate investment trust’s stock worth $2,167,000 after purchasing an additional 50 shares during the last quarter. CX Institutional lifted its position in AvalonBay Communities by 6.3% during the second quarter. CX Institutional now owns 973 shares of the real estate investment trust’s stock valued at $198,000 after purchasing an additional 58 shares during the last quarter. Probity Advisors Inc. grew its stake in shares of AvalonBay Communities by 2.7% in the 2nd quarter. Probity Advisors Inc. now owns 2,243 shares of the real estate investment trust’s stock worth $456,000 after buying an additional 60 shares in the last quarter. Clearstead Trust LLC increased its holdings in shares of AvalonBay Communities by 62.0% in the 2nd quarter. Clearstead Trust LLC now owns 162 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 62 shares during the last quarter. Finally, Whittier Trust Co. increased its holdings in shares of AvalonBay Communities by 2.5% in the 2nd quarter. Whittier Trust Co. now owns 2,725 shares of the real estate investment trust’s stock worth $555,000 after buying an additional 66 shares during the last quarter. 92.61% of the stock is currently owned by institutional investors.

AvalonBay Communities Stock Performance

AVB stock opened at $179.11 on Monday. AvalonBay Communities, Inc. has a 1-year low of $166.73 and a 1-year high of $230.21. The business has a 50-day moving average price of $180.21 and a 200 day moving average price of $190.74. The company has a market capitalization of $25.36 billion, a P/E ratio of 21.87, a PEG ratio of 3.14 and a beta of 0.74. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.67 and a quick ratio of 0.67.

AvalonBay Communities (NYSE:AVB) last posted its earnings results on Thursday, October 30th. The real estate investment trust reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.81 by ($0.06). The company had revenue of $766.80 million for the quarter, compared to analysts’ expectations of $766.22 million. AvalonBay Communities had a return on equity of 9.72% and a net margin of 38.78%.During the same quarter in the prior year, the company earned $2.74 EPS. As a group, equities research analysts forecast that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, December 31st. AvalonBay Communities’s dividend payout ratio (DPR) is currently 85.47%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Piper Sandler decreased their price objective on AvalonBay Communities from $200.00 to $190.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Truist Financial decreased their price target on AvalonBay Communities from $218.00 to $205.00 and set a “buy” rating on the stock in a report on Tuesday, December 2nd. Barclays upgraded AvalonBay Communities from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $229.00 to $216.00 in a research report on Tuesday, November 25th. Mizuho cut their price objective on shares of AvalonBay Communities from $199.00 to $191.00 and set a “neutral” rating on the stock in a research report on Monday, November 24th. Finally, BNP Paribas Exane downgraded shares of AvalonBay Communities from an “outperform” rating to a “neutral” rating in a research note on Monday, September 29th. Six equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $205.89.

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.