AvalonBay Communities, Inc. (NYSE:AVB) Shares Sold by Vident Advisory LLC

Vident Advisory LLC decreased its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 37.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,593 shares of the real estate investment trust's stock after selling 12,331 shares during the period. Vident Advisory LLC's holdings in AvalonBay Communities were worth $4,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Signaturefd LLC raised its holdings in shares of AvalonBay Communities by 4.0% during the 4th quarter. Signaturefd LLC now owns 1,616 shares of the real estate investment trust's stock worth $356,000 after acquiring an additional 62 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of AvalonBay Communities by 2.6% during the fourth quarter. Private Advisor Group LLC now owns 2,512 shares of the real estate investment trust's stock valued at $553,000 after buying an additional 63 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of AvalonBay Communities by 0.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,179 shares of the real estate investment trust's stock valued at $2,679,000 after buying an additional 69 shares during the last quarter. Greenleaf Trust raised its holdings in shares of AvalonBay Communities by 2.4% in the fourth quarter. Greenleaf Trust now owns 3,028 shares of the real estate investment trust's stock worth $666,000 after buying an additional 70 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of AvalonBay Communities by 0.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,953 shares of the real estate investment trust's stock worth $5,929,000 after acquiring an additional 72 shares during the last quarter. 92.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Evercore ISI upped their target price on shares of AvalonBay Communities from $230.00 to $240.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. BMO Capital Markets lowered shares of AvalonBay Communities from an "outperform" rating to a "market perform" rating and set a $220.00 price objective for the company. in a research note on Friday, April 4th. Zelman & Associates raised shares of AvalonBay Communities from a "neutral" rating to an "outperform" rating in a research report on Thursday, February 13th. Royal Bank of Canada lowered their target price on AvalonBay Communities from $223.00 to $220.00 and set a "sector perform" rating for the company in a report on Thursday, May 8th. Finally, Mizuho decreased their price objective on AvalonBay Communities from $238.00 to $213.00 and set an "outperform" rating for the company in a research note on Friday. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, AvalonBay Communities currently has an average rating of "Hold" and an average target price of $237.86.

AvalonBay Communities Stock Down 0.9%

AvalonBay Communities stock traded down $1.74 during trading on Monday, reaching $198.13. The stock had a trading volume of 882,094 shares, compared to its average volume of 711,072. The stock has a market cap of $28.21 billion, a PE ratio of 26.10, a P/E/G ratio of 3.11 and a beta of 0.86. The business has a 50 day moving average price of $205.10 and a 200 day moving average price of $216.00. AvalonBay Communities, Inc. has a 52-week low of $180.40 and a 52-week high of $239.29. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.68.

AvalonBay Communities (NYSE:AVB - Get Free Report) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.03. The business had revenue of $693.43 million during the quarter, compared to the consensus estimate of $744.61 million. AvalonBay Communities had a return on equity of 9.15% and a net margin of 37.13%. During the same period in the previous year, the business earned $2.70 EPS. On average, analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 3.53%. The ex-dividend date is Monday, June 30th. AvalonBay Communities's payout ratio is 87.17%.

About AvalonBay Communities

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.