AvalonBay Communities Inc. (NYSE:AVB) has received a consensus recommendation of “Hold” from the nineteen research firms that are presently covering the firm. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $194.36.

AVB has been the topic of a number of research reports. Sandler O’Neill raised AvalonBay Communities from a “hold” rating to a “buy” rating in a research note on Tuesday, September 6th. Jefferies Group reaffirmed a “hold” rating on shares of AvalonBay Communities in a research note on Tuesday, September 6th. Deutsche Bank AG reduced their price objective on AvalonBay Communities from $194.00 to $193.00 and set a “buy” rating on the stock in a research note on Wednesday, August 10th. BTIG Research assumed coverage on AvalonBay Communities in a report on Thursday, August 25th. They issued a “buy” rating and a $208.00 target price for the company. Finally, Zacks Investment Research cut AvalonBay Communities from a “hold” rating to a “sell” rating in a report on Tuesday, October 25th.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brookfield Asset Management Inc. raised its position in AvalonBay Communities by 32.5% in the third quarter. Brookfield Asset Management Inc. now owns 861,117 shares of the real estate investment trust’s stock valued at $153,141,000 after buying an additional 211,367 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in AvalonBay Communities by 6.7% in the third quarter. Price T Rowe Associates Inc. MD now owns 3,418,752 shares of the real estate investment trust’s stock valued at $607,991,000 after buying an additional 213,856 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new position in AvalonBay Communities during the third quarter valued at approximately $1,002,000. Credit Suisse AG raised its position in AvalonBay Communities by 3.9% in the third quarter. Credit Suisse AG now owns 622,380 shares of the real estate investment trust’s stock valued at $110,685,000 after buying an additional 23,093 shares during the last quarter. Finally, Ameritas Investment Partners Inc. raised its position in AvalonBay Communities by 21.0% in the third quarter. Ameritas Investment Partners Inc. now owns 3,282 shares of the real estate investment trust’s stock valued at $584,000 after buying an additional 570 shares during the last quarter. 95.84% of the stock is owned by hedge funds and other institutional investors.

Shares of AvalonBay Communities (NYSE:AVB) traded up 1.30% during trading on Tuesday, hitting $165.55. The company had a trading volume of 325,954 shares. AvalonBay Communities has a 52 week low of $158.32 and a 52 week high of $192.29. The stock’s 50-day moving average price is $167.28 and its 200 day moving average price is $175.48. The company has a market capitalization of $22.73 billion, a P/E ratio of 24.02 and a beta of 0.39.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings data on Monday, October 24th. The real estate investment trust reported $2.11 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $2.11. AvalonBay Communities had a return on equity of 9.57% and a net margin of 50.39%. During the same period in the prior year, the business posted $2.02 EPS. On average, equities research analysts forecast that AvalonBay Communities will post $8.28 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 16th. Stockholders of record on Friday, December 30th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.36%. This is a positive change from AvalonBay Communities’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Wednesday, December 28th. AvalonBay Communities’s payout ratio is presently 78.37%.

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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