AvalonBay Communities, Inc. $AVB Stake Decreased by Janus Henderson Group PLC

Janus Henderson Group PLC cut its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 88.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 41,117 shares of the real estate investment trust’s stock after selling 315,845 shares during the period. Janus Henderson Group PLC’s holdings in AvalonBay Communities were worth $6,713,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AVB. Clearstead Trust LLC raised its stake in AvalonBay Communities by 56.0% during the 1st quarter. Clearstead Trust LLC now owns 156 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 56 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of AvalonBay Communities by 1.8% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,358 shares of the real estate investment trust’s stock worth $649,000 after purchasing an additional 60 shares in the last quarter. Keybank National Association OH increased its holdings in shares of AvalonBay Communities by 2.6% during the fourth quarter. Keybank National Association OH now owns 2,458 shares of the real estate investment trust’s stock valued at $446,000 after purchasing an additional 62 shares during the period. Arbor Capital Management Inc. ADV raised its stake in shares of AvalonBay Communities by 1.4% during the first quarter. Arbor Capital Management Inc. ADV now owns 6,540 shares of the real estate investment trust’s stock valued at $1,090,000 after purchasing an additional 90 shares in the last quarter. Finally, Phoenix Financial Ltd. raised its stake in shares of AvalonBay Communities by 5.7% during the fourth quarter. Phoenix Financial Ltd. now owns 1,713 shares of the real estate investment trust’s stock valued at $311,000 after purchasing an additional 92 shares in the last quarter. 92.61% of the stock is owned by institutional investors.

AvalonBay Communities Price Performance

Shares of NYSE:AVB opened at $189.65 on Thursday. The company’s fifty day moving average is $188.07 and its two-hundred day moving average is $179.91. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.74. AvalonBay Communities, Inc. has a 12-month low of $160.10 and a 12-month high of $198.63. The company has a market cap of $27.08 billion, a P/E ratio of 30.99, a price-to-earnings-growth ratio of 3.29 and a beta of 0.76.

AvalonBay Communities (NYSE:AVB) last issued its earnings results on Thursday, July 23rd. The real estate investment trust reported $1.11 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.12). The business had revenue of $777.77 million during the quarter, compared to analyst estimates of $772.37 million. AvalonBay Communities had a return on equity of 8.58% and a net margin of 33.33%.During the same period last year, the business earned $2.82 EPS. Equities analysts expect that AvalonBay Communities, Inc. will post 11.31 earnings per share for the current fiscal year.

AvalonBay Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $1.78 dividend. This represents a $7.12 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Tuesday, June 30th. AvalonBay Communities’s dividend payout ratio is currently 116.34%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AVB. Barclays reaffirmed an “equal weight” rating and issued a $205.00 price objective (up from $203.00) on shares of AvalonBay Communities in a report on Tuesday, July 14th. Weiss Ratings upgraded shares of AvalonBay Communities from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 23rd. Cantor Fitzgerald upped their price target on shares of AvalonBay Communities from $186.00 to $190.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. UBS Group decreased their price objective on shares of AvalonBay Communities from $191.00 to $189.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Finally, Wells Fargo & Company lowered their price objective on shares of AvalonBay Communities from $193.00 to $191.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd. Three research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, AvalonBay Communities presently has a consensus rating of “Hold” and an average target price of $196.80.

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.