Stableford Capital II LLC Invests $1.62 Million in AvalonBay Communities, Inc. $AVB

Stableford Capital II LLC bought a new stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,400 shares of the real estate investment trust’s stock, valued at approximately $1,623,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Metis Global Partners LLC lifted its position in shares of AvalonBay Communities by 13.8% in the 2nd quarter. Metis Global Partners LLC now owns 36,980 shares of the real estate investment trust’s stock worth $7,525,000 after purchasing an additional 4,473 shares during the period. Amundi raised its stake in AvalonBay Communities by 17.7% in the second quarter. Amundi now owns 449,348 shares of the real estate investment trust’s stock worth $90,768,000 after buying an additional 67,695 shares in the last quarter. FORA Capital LLC lifted its holdings in AvalonBay Communities by 78.7% in the second quarter. FORA Capital LLC now owns 15,702 shares of the real estate investment trust’s stock worth $3,195,000 after buying an additional 6,916 shares during the period. Jump Financial LLC bought a new stake in AvalonBay Communities during the 1st quarter valued at approximately $526,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in AvalonBay Communities by 1.5% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 723,402 shares of the real estate investment trust’s stock valued at $147,212,000 after acquiring an additional 10,929 shares in the last quarter. 92.61% of the stock is currently owned by institutional investors.

AvalonBay Communities Stock Performance

Shares of AVB opened at $179.11 on Monday. The firm has a market capitalization of $25.36 billion, a P/E ratio of 21.87, a PEG ratio of 3.14 and a beta of 0.74. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.67 and a quick ratio of 0.67. AvalonBay Communities, Inc. has a one year low of $166.73 and a one year high of $230.21. The business has a fifty day moving average of $180.21 and a 200 day moving average of $190.74.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $2.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.81 by ($0.06). The business had revenue of $766.80 million during the quarter, compared to analysts’ expectations of $766.22 million. AvalonBay Communities had a return on equity of 9.72% and a net margin of 38.78%.During the same period in the previous year, the business posted $2.74 EPS. As a group, sell-side analysts anticipate that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Wednesday, December 31st. AvalonBay Communities’s dividend payout ratio is presently 85.47%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AVB shares. Barclays raised AvalonBay Communities from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $229.00 to $216.00 in a research report on Tuesday, November 25th. Royal Bank Of Canada lowered their price target on shares of AvalonBay Communities from $202.00 to $197.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 4th. BNP Paribas cut shares of AvalonBay Communities from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Mizuho decreased their target price on shares of AvalonBay Communities from $199.00 to $191.00 and set a “neutral” rating for the company in a research note on Monday, November 24th. Finally, Wall Street Zen raised AvalonBay Communities from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Six analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, AvalonBay Communities currently has an average rating of “Hold” and a consensus target price of $205.89.

About AvalonBay Communities

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.