AvalonBay Communities, Inc. $AVB Shares Purchased by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. raised its holdings in AvalonBay Communities, Inc. (NYSE:AVB) by 81.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,652 shares of the real estate investment trust’s stock after acquiring an additional 2,980 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in AvalonBay Communities were worth $1,285,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in AVB. Mather Group LLC. bought a new stake in shares of AvalonBay Communities in the 3rd quarter worth approximately $30,000. Clearstead Trust LLC increased its holdings in shares of AvalonBay Communities by 62.0% in the second quarter. Clearstead Trust LLC now owns 162 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 62 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of AvalonBay Communities during the 3rd quarter valued at $33,000. Headlands Technologies LLC acquired a new stake in shares of AvalonBay Communities during the 2nd quarter valued at $36,000. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of AvalonBay Communities during the 2nd quarter worth $59,000. Institutional investors own 92.61% of the company’s stock.

AvalonBay Communities Stock Performance

Shares of AVB opened at $178.46 on Thursday. The company has a market capitalization of $25.27 billion, a PE ratio of 21.79, a PEG ratio of 3.12 and a beta of 0.76. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.67 and a current ratio of 0.67. The company’s 50 day moving average price is $178.76 and its 200 day moving average price is $183.33. AvalonBay Communities, Inc. has a 52 week low of $166.73 and a 52 week high of $230.21.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings results on Thursday, February 5th. The real estate investment trust reported $2.85 EPS for the quarter, beating the consensus estimate of $2.84 by $0.01. AvalonBay Communities had a net margin of 34.57% and a return on equity of 8.78%. The business had revenue of $767.86 million for the quarter, compared to analysts’ expectations of $766.38 million. During the same period in the previous year, the company posted $2.80 EPS. Research analysts expect that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $1.78 per share. The ex-dividend date is Tuesday, March 31st. This represents a $7.12 annualized dividend and a dividend yield of 4.0%. This is a positive change from AvalonBay Communities’s previous quarterly dividend of $1.75. AvalonBay Communities’s dividend payout ratio is presently 85.47%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company cut their target price on AvalonBay Communities from $213.00 to $193.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. Colliers Securities restated a “neutral” rating and set a $195.00 price objective (down from $200.00) on shares of AvalonBay Communities in a report on Thursday, December 4th. Wall Street Zen cut shares of AvalonBay Communities from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Deutsche Bank Aktiengesellschaft downgraded shares of AvalonBay Communities from a “buy” rating to a “hold” rating and set a $172.00 target price on the stock. in a research report on Tuesday, January 20th. Finally, Cantor Fitzgerald upped their price target on shares of AvalonBay Communities from $179.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Five investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, AvalonBay Communities currently has an average rating of “Hold” and an average price target of $200.91.

AvalonBay Communities 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.