AvalonBay Communities, Inc. (NYSE:AVB) Position Increased by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB increased its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 59.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 478 shares of the real estate investment trust’s stock after acquiring an additional 179 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in AvalonBay Communities were worth $105,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp raised its holdings in shares of AvalonBay Communities by 2.2% during the third quarter. State Street Corp now owns 9,245,028 shares of the real estate investment trust’s stock worth $2,097,971,000 after acquiring an additional 196,938 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of AvalonBay Communities by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 4,060,497 shares of the real estate investment trust’s stock worth $914,627,000 after acquiring an additional 55,588 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of AvalonBay Communities by 0.8% during the third quarter. Geode Capital Management LLC now owns 3,585,802 shares of the real estate investment trust’s stock worth $805,113,000 after acquiring an additional 27,988 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of AvalonBay Communities by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,240,436 shares of the real estate investment trust’s stock worth $504,658,000 after acquiring an additional 78,800 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of AvalonBay Communities by 678.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,715,050 shares of the real estate investment trust’s stock worth $386,315,000 after acquiring an additional 1,494,872 shares in the last quarter. 92.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

AvalonBay Communities Stock Down 0.3 %

AVB stock opened at $213.72 on Friday. AvalonBay Communities, Inc. has a twelve month low of $169.37 and a twelve month high of $239.29. The company has a market cap of $30.40 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 3.05 and a beta of 0.99. The business’s 50-day simple moving average is $223.59 and its 200 day simple moving average is $220.99. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.70.

AvalonBay Communities (NYSE:AVB) last released its earnings results 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). AvalonBay Communities had a return on equity of 8.84% and a net margin of 36.20%. The firm had revenue of $734.31 million for the quarter, compared to analyst estimates of $731.67 million. During the same period last year, the business earned $2.66 earnings per share. On average, research analysts anticipate that AvalonBay Communities, Inc. will post 11.04 earnings per share for the current year.

AvalonBay Communities Announces Dividend

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

Insiders Place Their Bets

In other AvalonBay Communities news, Director Timothy J. Naughton sold 2,261 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $233.78, for a total transaction of $528,576.58. Following the completion of the transaction, the director now owns 111,436 shares in the company, valued at $26,051,508.08. This trade represents a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.42% of the company’s stock.

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.