AvalonBay Communities, Inc. (NYSE:AVB) Shares Bought by HB Wealth Management LLC

HB Wealth Management LLC boosted its stake in AvalonBay Communities, Inc. (NYSE:AVB) by 18.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,426 shares of the real estate investment trust’s stock after buying an additional 220 shares during the quarter. HB Wealth Management LLC’s holdings in AvalonBay Communities were worth $314,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Segment Wealth Management LLC increased its holdings in shares of AvalonBay Communities by 4.6% in the third quarter. Segment Wealth Management LLC now owns 1,025 shares of the real estate investment trust’s stock valued at $231,000 after purchasing an additional 45 shares during the last quarter. Patrick M Sweeney & Associates Inc. grew its holdings in shares of AvalonBay Communities by 4.1% in the third quarter. Patrick M Sweeney & Associates Inc. now owns 1,268 shares of the real estate investment trust’s stock valued at $286,000 after purchasing an additional 50 shares in the last quarter. Tectonic Advisors LLC increased its position in shares of AvalonBay Communities by 2.7% during the third quarter. Tectonic Advisors LLC now owns 1,934 shares of the real estate investment trust’s stock worth $436,000 after acquiring an additional 50 shares during the period. OneDigital Investment Advisors LLC boosted its stake in shares of AvalonBay Communities by 4.6% in 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 buying an additional 55 shares during the period. Finally, Wedmont Private Capital increased its position in shares of AvalonBay Communities by 5.3% in the 4th quarter. Wedmont Private Capital now owns 1,094 shares of the real estate investment trust’s stock valued at $231,000 after purchasing an additional 55 shares during the last quarter. 92.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Timothy J. Naughton sold 23,697 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $233.47, for a total value of $5,532,538.59. Following the completion of the transaction, the director now directly owns 87,239 shares of the company’s stock, valued at approximately $20,367,689.33. This trade represents a 21.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.42% of the stock is currently owned by company insiders.

AvalonBay Communities Trading Down 0.3 %

NYSE:AVB opened at $213.72 on Friday. AvalonBay Communities, Inc. has a 12 month low of $169.37 and a 12 month high of $239.29. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.70. The firm has a market cap of $30.40 billion, a price-to-earnings ratio of 29.24, a P/E/G ratio of 3.05 and a beta of 0.99. The company’s 50 day moving average is $223.59 and its 200-day moving average is $220.99.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $2.61 earnings per share for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.10). The company had revenue of $734.31 million for the quarter, compared to analyst estimates of $731.67 million. AvalonBay Communities had a net margin of 36.20% and a return on equity of 8.84%. During the same period in the previous year, the firm posted $2.66 earnings per share. Equities analysts anticipate that AvalonBay Communities, Inc. will post 11.04 EPS for the current year.

AvalonBay Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $1.70 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $6.80 annualized dividend and a yield of 3.18%. AvalonBay Communities’s dividend payout ratio is currently 93.02%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AVB. Mizuho upgraded shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $239.00 to $242.00 in a research note on Monday, January 6th. Scotiabank dropped their target price on AvalonBay Communities from $244.00 to $241.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Royal Bank of Canada lowered their price objective on AvalonBay Communities from $234.00 to $233.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 6th. Barclays began coverage on shares of AvalonBay Communities in a report on Tuesday, December 17th. They set an “equal weight” rating and a $243.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised AvalonBay Communities from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $247.00 to $262.00 in a research note on Tuesday, December 17th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $234.53.

About AvalonBay Communities

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.