American Assets Capital Advisers LLC Sells 542 Shares of AvalonBay Communities, Inc. (NYSE:AVB)

American Assets Capital Advisers LLC decreased its holdings in AvalonBay Communities, Inc. (NYSE:AVB) by 12.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,958 shares of the real estate investment trust’s stock after selling 542 shares during the period. American Assets Capital Advisers LLC’s holdings in AvalonBay Communities were worth $871,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. OneDigital Investment Advisors LLC raised its position in AvalonBay Communities by 4.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,244 shares of the real estate investment trust’s stock valued at $280,000 after purchasing an additional 55 shares in the last quarter. Wedmont Private Capital increased its stake in shares of AvalonBay Communities by 5.3% during the fourth quarter. Wedmont Private Capital now owns 1,094 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 55 shares during the period. MAI Capital Management raised its holdings in shares of AvalonBay Communities by 1.7% in the third quarter. MAI Capital Management now owns 3,633 shares of the real estate investment trust’s stock valued at $818,000 after acquiring an additional 60 shares in the last quarter. Raymond James Trust N.A. lifted its stake in AvalonBay Communities by 3.1% in the third quarter. Raymond James Trust N.A. now owns 2,015 shares of the real estate investment trust’s stock worth $454,000 after acquiring an additional 60 shares during the period. Finally, Private Advisor Group LLC lifted its stake in AvalonBay Communities by 2.6% in the fourth quarter. Private Advisor Group LLC now owns 2,512 shares of the real estate investment trust’s stock worth $553,000 after acquiring an additional 63 shares during the period. 92.61% of the stock is owned by hedge funds and other institutional investors.

AvalonBay Communities Stock Up 0.8 %

NYSE:AVB opened at $209.55 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.68. AvalonBay Communities, Inc. has a twelve month low of $177.40 and a twelve month high of $239.29. The company has a market cap of $29.81 billion, a PE ratio of 27.61, a P/E/G ratio of 3.11 and a beta of 1.00. The company’s 50 day moving average is $218.02 and its two-hundred day moving average is $223.40.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.80 earnings per share for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.03). AvalonBay Communities had a net margin of 37.13% and a return on equity of 9.15%. Analysts anticipate that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.75 dividend. The ex-dividend date is Monday, March 31st. This is a positive change from AvalonBay Communities’s previous quarterly dividend of $1.70. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.34%. AvalonBay Communities’s dividend payout ratio is currently 92.23%.

Analysts Set New Price Targets

AVB has been the subject of several recent research reports. Morgan Stanley lowered shares of AvalonBay Communities from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $236.00 to $223.00 in a report on Friday, January 24th. Truist Financial boosted their price objective on shares of AvalonBay Communities from $229.00 to $230.00 and gave the stock a “hold” rating in a research note on Monday, March 10th. Evercore ISI increased their target price on AvalonBay Communities from $230.00 to $240.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. Zelman & Associates raised AvalonBay Communities from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. raised AvalonBay Communities from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $247.00 to $262.00 in a research report on Tuesday, December 17th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $238.64.

AvalonBay Communities Company Profile

AvalonBay Communities, Inc is a real estate investment trust, which engages in the development, acquisition, ownership, and operation of multifamily communities. It operates through the following segments: Same Store, Other Stabilized, and Development or Redevelopment. The Same Store segment refers to the operating communities that were owned and had stabilized occupancy.