Kintayl Capital LP Purchases New Position in AvalonBay Communities, Inc. $AVB

Kintayl Capital LP acquired a new stake in AvalonBay Communities, Inc. (NYSE:AVB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 37,889 shares of the real estate investment trust’s stock, valued at approximately $7,149,000. AvalonBay Communities accounts for approximately 2.8% of Kintayl Capital LP’s investment portfolio, making the stock its 8th biggest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of AVB. Reflection Asset Management purchased a new stake in shares of AvalonBay Communities in the fourth quarter worth about $25,000. Clearstead Trust LLC raised its holdings in shares of AvalonBay Communities by 56.0% during the 1st quarter. Clearstead Trust LLC now owns 156 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 56 shares during the period. Zions Bancorporation National Association UT raised its holdings in shares of AvalonBay Communities by 300.0% during the 4th quarter. Zions Bancorporation National Association UT now owns 160 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 120 shares during the period. BOKF NA acquired a new position in AvalonBay Communities during the 3rd quarter worth approximately $31,000. Finally, Elyxium Wealth LLC acquired a new position in AvalonBay Communities during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 92.61% of the company’s stock.

AvalonBay Communities Stock Performance

AVB opened at $184.06 on Wednesday. The stock has a market capitalization of $26.28 billion, a PE ratio of 30.08, a P/E/G ratio of 2.98 and a beta of 0.76. The firm’s fifty day moving average price is $187.67 and its 200 day moving average price is $180.57. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.54 and a quick ratio of 0.54. AvalonBay Communities, Inc. has a 12-month low of $160.10 and a 12-month high of $198.63.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $1.11 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.12). The company had revenue of $777.77 million for the quarter, compared to analyst estimates of $772.37 million. AvalonBay Communities had a return on equity of 8.58% and a net margin of 33.33%.During the same period in the prior year, the business earned $2.82 earnings per share. As a group, research analysts expect that AvalonBay Communities, Inc. will post 11.33 EPS for the current fiscal year.

AvalonBay Communities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $1.78 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $7.12 annualized dividend and a dividend yield of 3.9%. AvalonBay Communities’s dividend payout ratio (DPR) is presently 116.34%.

Analyst Ratings Changes

Several analysts have issued reports on AVB shares. Jefferies Financial Group raised shares of AvalonBay Communities to a “hold” rating in a research report on Wednesday, July 22nd. Wolfe Research raised shares of AvalonBay Communities from an “outperform” rating to an “outperform” rating and set a $209.00 target price on the stock in a research report on Monday, June 1st. Wall Street Zen upgraded shares of AvalonBay Communities from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings lowered shares of AvalonBay Communities from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Finally, Barclays boosted their price objective on shares of AvalonBay Communities from $205.00 to $206.00 and gave the stock an “equal weight” rating in a report on Monday, August 17th. Three equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $196.87.

AvalonBay Communities Company Profile

AvalonBay Communities, Inc (NYSE: AVB) is a publicly traded real estate investment trust (REIT) that owns, develops, redevelops and manages multifamily residential properties. The company focuses on professionally managed apartment communities, offering a range of rental housing options and related resident services. As a REIT, AvalonBay’s core activities center on the acquisition and development of apartment assets and the ongoing operations and leasing of those communities.

AvalonBay’s operating activities include ground-up development, strategic redevelopment of existing properties, property and asset management, and on-site leasing and resident services.