AvalonBay Communities, Inc. (AVB) Stake Decreased by Boston Financial Mangement LLC

Boston Financial Mangement LLC decreased its holdings in AvalonBay Communities, Inc. (NYSE:AVB) by 5.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 5,889 shares of the real estate investment trust’s stock after selling 326 shares during the period. Boston Financial Mangement LLC’s holdings in AvalonBay Communities were worth $1,051,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AVB. Creative Planning grew its position in shares of AvalonBay Communities by 0.4% during the second quarter. Creative Planning now owns 542 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 2 shares in the last quarter. WFG Advisors LP lifted its stake in AvalonBay Communities by 24.9% in the second quarter. WFG Advisors LP now owns 839 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 167 shares during the last quarter. Eqis Capital Management Inc. bought a new stake in AvalonBay Communities in the second quarter valued at $201,000. Bbva Compass Bancshares Inc. bought a new stake in shares of AvalonBay Communities during the second quarter valued at about $206,000. Finally, West Oak Capital LLC raised its stake in shares of AvalonBay Communities by 5.7% during the second quarter. West Oak Capital LLC now owns 1,120 shares of the real estate investment trust’s stock valued at $215,000 after purchasing an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 97.42% of the company’s stock.

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AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.17 by ($0.45). The firm had revenue of $550.50 million for the quarter, compared to the consensus estimate of $539.69 million. AvalonBay Communities had a return on equity of 8.66% and a net margin of 41.55%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.11 earnings per share.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were given a $1.42 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.15%. AvalonBay Communities’s payout ratio is 88.75%.

AVB has been the topic of several research reports. Stifel Nicolaus reiterated a “buy” rating and issued a $209.00 price target on shares of AvalonBay Communities in a research report on Wednesday, October 4th. BidaskClub cut shares of AvalonBay Communities from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Robert W. Baird reiterated a “buy” rating and issued a $202.00 price target on shares of AvalonBay Communities in a research report on Friday, September 1st. Barclays PLC boosted their price target on shares of AvalonBay Communities from $188.00 to $189.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 18th. Finally, Goldman Sachs Group, Inc. (The) cut shares of AvalonBay Communities from a “buy” rating to a “neutral” rating and set a $196.00 price target on the stock. in a research report on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $195.40.

AvalonBay Communities Company Profile

AvalonBay Communities, Inc is a real estate investment trust (REIT). The Company is focused 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.

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Institutional Ownership by Quarter for AvalonBay Communities (NYSE:AVB)

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