Robeco Institutional Asset Management B.V. increased its position in AvalonBay Communities Inc (NYSE:AVB) by 1.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 111,100 shares of the real estate investment trust’s stock after buying an additional 1,337 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.08% of AvalonBay Communities worth $20,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in AVB. State Treasurer State of Michigan raised its position in AvalonBay Communities by 0.7% in the 2nd quarter. State Treasurer State of Michigan now owns 40,923 shares of the real estate investment trust’s stock valued at $7,034,000 after buying an additional 300 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in AvalonBay Communities by 2.1% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 15,099 shares of the real estate investment trust’s stock valued at $2,595,000 after buying an additional 316 shares during the last quarter. Comerica Bank raised its position in AvalonBay Communities by 0.4% in the 2nd quarter. Comerica Bank now owns 89,036 shares of the real estate investment trust’s stock valued at $15,258,000 after buying an additional 354 shares during the last quarter. Sumitomo Life Insurance Co. raised its position in AvalonBay Communities by 4.5% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 8,605 shares of the real estate investment trust’s stock valued at $1,479,000 after buying an additional 369 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC raised its position in AvalonBay Communities by 30.3% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 1,594 shares of the real estate investment trust’s stock valued at $274,000 after buying an additional 371 shares during the last quarter. 92.45% of the stock is owned by institutional investors.

Shares of AVB traded down $3.06 during trading hours on Friday, reaching $188.61. 789,118 shares of the company’s stock traded hands, compared to its average volume of 548,574. The company has a market cap of $26.49 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 2.89 and a beta of 0.42. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.72. AvalonBay Communities Inc has a 12 month low of $152.65 and a 12 month high of $191.91.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings results on Monday, October 29th. The real estate investment trust reported $1.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.26 by ($0.87). The business had revenue of $575.98 million for the quarter, compared to the consensus estimate of $573.87 million. AvalonBay Communities had a net margin of 36.54% and a return on equity of 7.96%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.72 EPS. As a group, analysts predict that AvalonBay Communities Inc will post 8.99 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be issued a dividend of $1.47 per share. The ex-dividend date of this dividend is Friday, December 28th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.12%. AvalonBay Communities’s dividend payout ratio is 68.21%.

AVB has been the subject of a number of analyst reports. Evercore ISI set a $194.00 price target on AvalonBay Communities and gave the company a “buy” rating in a research report on Monday, October 1st. BMO Capital Markets raised AvalonBay Communities from a “market perform” rating to an “outperform” rating and raised their target price for the company from $188.00 to $195.00 in a research report on Friday, November 2nd. Argus raised their target price on AvalonBay Communities to $196.00 and gave the company a “buy” rating in a research report on Wednesday, August 15th. Scotiabank began coverage on AvalonBay Communities in a research note on Tuesday, October 16th. They set a “sector perform” rating for the company. Finally, BTIG Research upgraded AvalonBay Communities from a “neutral” rating to a “buy” rating and set a $216.00 price target for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. AvalonBay Communities presently has a consensus rating of “Hold” and a consensus target price of $192.88.

In other AvalonBay Communities news, CFO Kevin P. O’shea sold 1,500 shares of AvalonBay Communities stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $179.51, for a total value of $269,265.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP William M. Mclaughlin sold 23,302 shares of AvalonBay Communities stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $186.87, for a total value of $4,354,444.74. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,453 shares of company stock worth $7,365,478. 0.43% of the stock is currently owned by insiders.

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About AvalonBay Communities

As of September 30, 2018, the Company owned or held a direct or indirect ownership interest in 290 apartment communities containing 84,490 apartment homes in 12 states and the District of Columbia, of which 19 communities were under development and 15 communities were under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas primarily in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and the Northern and Southern California regions of the United States.

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

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