Delphi Management Inc. MA Has $1.47 Million Stake in AvalonBay Communities, Inc. (NYSE:AVB)

Delphi Management Inc. MA lowered its position in AvalonBay Communities, Inc. (NYSE:AVB) by 2.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,663 shares of the real estate investment trust’s stock after selling 176 shares during the period. Delphi Management Inc. MA’s holdings in AvalonBay Communities were worth $1,466,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Apollon Wealth Management LLC lifted its position in shares of AvalonBay Communities by 10.4% during the 3rd quarter. Apollon Wealth Management LLC now owns 1,112 shares of the real estate investment trust’s stock valued at $251,000 after acquiring an additional 105 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of AvalonBay Communities by 35.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 7,652 shares of the real estate investment trust’s stock worth $1,724,000 after acquiring an additional 2,014 shares in the last quarter. OneDigital Investment Advisors LLC grew 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 worth $280,000 after acquiring an additional 55 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of AvalonBay Communities by 8.4% in the 3rd quarter. CIBC Asset Management Inc now owns 21,666 shares of the real estate investment trust’s stock worth $4,880,000 after acquiring an additional 1,679 shares in the last quarter. Finally, Empowered Funds LLC grew its position in AvalonBay Communities by 10.3% during the third quarter. Empowered Funds LLC now owns 2,337 shares of the real estate investment trust’s stock valued at $526,000 after buying an additional 218 shares during the period. Institutional investors and hedge funds own 92.61% of the company’s stock.

AvalonBay Communities Stock Up 1.0 %

Shares of NYSE AVB opened at $211.70 on Tuesday. AvalonBay Communities, Inc. has a one year low of $177.40 and a one year high of $239.29. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.64 and a quick ratio of 1.64. The firm’s 50 day simple moving average is $218.01 and its two-hundred day simple moving average is $223.32. The stock has a market capitalization of $30.12 billion, a P/E ratio of 27.89, a PEG ratio of 3.11 and a beta of 1.00.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.80 EPS 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%. As a group, analysts expect that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Increases Dividend

The company also recently announced 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. This is a boost from AvalonBay Communities’s previous quarterly dividend of $1.70. The ex-dividend date of this dividend is Monday, March 31st. This represents a $7.00 annualized dividend and a dividend yield of 3.31%. AvalonBay Communities’s dividend payout ratio (DPR) is currently 92.23%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Barclays reduced their price target on shares of AvalonBay Communities from $230.00 to $226.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. Zelman & Associates upgraded shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 13th. Royal Bank of Canada increased their target price on shares of AvalonBay Communities from $226.00 to $229.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. upgraded 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. Finally, Mizuho upgraded 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. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $238.64.

AvalonBay Communities 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.