Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1,395,000 Position in AvalonBay Communities, Inc. (AVB)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 0.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,872 shares of the real estate investment trust’s stock after buying an additional 30 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in AvalonBay Communities were worth $1,395,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its stake in shares of AvalonBay Communities by 0.3% in the second quarter. IFP Advisors Inc now owns 1,006 shares of the real estate investment trust’s stock worth $181,000 after buying an additional 3 shares in the last quarter. CAPROCK Group Inc. increased its stake in shares of AvalonBay Communities by 0.7% in the second quarter. CAPROCK Group Inc. now owns 3,128 shares of the real estate investment trust’s stock worth $564,000 after buying an additional 22 shares in the last quarter. 1st Global Advisors Inc. increased its stake in shares of AvalonBay Communities by 0.4% in the third quarter. 1st Global Advisors Inc. now owns 6,260 shares of the real estate investment trust’s stock worth $1,113,000 after buying an additional 26 shares in the last quarter. Conning Inc. increased its stake in shares of AvalonBay Communities by 0.7% in the third quarter. Conning Inc. now owns 4,290 shares of the real estate investment trust’s stock worth $763,000 after buying an additional 30 shares in the last quarter. Finally, Stifel Financial Corp increased its stake in shares of AvalonBay Communities by 0.6% in the second quarter. Stifel Financial Corp now owns 8,120 shares of the real estate investment trust’s stock worth $1,466,000 after buying an additional 50 shares in the last quarter. Institutional investors own 97.05% of the company’s stock.

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

Shares of AvalonBay Communities, Inc. (NYSE:AVB) traded up 0.05% during midday trading on Friday, hitting $179.16. 53,782 shares of the stock traded hands. The stock has a 50-day moving average of $176.20 and a 200-day moving average of $173.38. The company has a market cap of $24.61 billion, a price-to-earnings ratio of 23.82 and a beta of 0.33. AvalonBay Communities, Inc. has a 52-week low of $158.32 and a 52-week high of $192.29.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings data on Wednesday, February 1st. The real estate investment trust reported $2.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.94. AvalonBay Communities had a net margin of 50.56% and a return on equity of 10.36%. The firm earned $518.24 million during the quarter, compared to analysts’ expectations of $517.45 million. During the same period last year, the business earned $1.99 earnings per share. AvalonBay Communities’s revenue was up 7.8% compared to the same quarter last year. On average, equities analysts predict that AvalonBay Communities, Inc. will post $4.57 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be given a dividend of $1.42 per share. This is a boost from AvalonBay Communities’s previous quarterly dividend of $1.35. This represents a $5.68 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Wednesday, March 29th. AvalonBay Communities’s dividend payout ratio (DPR) is presently 71.81%.

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AVB has been the topic of a number of research reports. Zelman & Associates downgraded shares of AvalonBay Communities from a “hold” rating to a “sell” rating in a report on Monday. Zacks Investment Research downgraded shares of AvalonBay Communities from a “hold” rating to a “sell” rating in a report on Tuesday, October 25th. Barclays PLC reduced their target price on shares of AvalonBay Communities from $178.00 to $167.00 and set an “equal weight” rating on the stock in a report on Monday, January 23rd. Bank of America Corporation downgraded shares of AvalonBay Communities from a “buy” rating to a “neutral” rating and set a $179.00 target price on the stock. in a report on Wednesday, November 23rd. Finally, Evercore ISI upgraded shares of AvalonBay Communities from a “hold” rating to a “buy” rating and set a $179.00 target price on the stock in a report on Monday, November 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $189.86.

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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