Shelton Capital Management lessened its holdings in AvalonBay Communities, Inc. (NYSE:AVB) by 26.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,677 shares of the real estate investment trust’s stock after selling 600 shares during the quarter. Shelton Capital Management’s holdings in AvalonBay Communities were worth $299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the business. Miles Capital Inc. grew its stake in AvalonBay Communities by 2.8% in the 2nd quarter. Miles Capital Inc. now owns 1,402 shares of the real estate investment trust’s stock valued at $269,000 after purchasing an additional 38 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in AvalonBay Communities by 0.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,237 shares of the real estate investment trust’s stock valued at $1,967,000 after purchasing an additional 50 shares during the period. Blair William & Co. IL grew its stake in AvalonBay Communities by 0.7% in the 2nd quarter. Blair William & Co. IL now owns 7,221 shares of the real estate investment trust’s stock valued at $1,388,000 after purchasing an additional 50 shares during the period. Utah Retirement Systems grew its stake in AvalonBay Communities by 0.4% in the 2nd quarter. Utah Retirement Systems now owns 29,135 shares of the real estate investment trust’s stock valued at $5,599,000 after purchasing an additional 115 shares during the period. Finally, Riverhead Capital Management LLC grew its stake in AvalonBay Communities by 2.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,673 shares of the real estate investment trust’s stock valued at $1,090,000 after purchasing an additional 141 shares during the period. Hedge funds and other institutional investors own 95.07% of the company’s stock.

AVB has been the subject of a number of recent analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $209.00 price objective on shares of AvalonBay Communities in a research note on Wednesday, October 4th. Royal Bank of Canada reduced their price objective on AvalonBay Communities from $206.00 to $200.00 and set an “outperform” rating for the company in a research note on Monday, November 6th. Mizuho restated a “buy” rating and issued a $220.00 price objective on shares of AvalonBay Communities in a research note on Monday, November 6th. Robert W. Baird restated a “buy” rating and issued a $202.00 price objective on shares of AvalonBay Communities in a research note on Friday, September 1st. Finally, UBS raised AvalonBay Communities from a “neutral” rating to a “buy” rating and upped their price target for the company from $190.00 to $206.00 in a research report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $201.40.

AvalonBay Communities, Inc. (AVB) opened at $181.66 on Friday. AvalonBay Communities, Inc. has a 1 year low of $169.50 and a 1 year high of $199.52. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.10 and a current ratio of 0.10. The company has a market capitalization of $25,085.07, a price-to-earnings ratio of 21.40, a PEG ratio of 2.85 and a beta of 0.35.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $1.72 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.45). AvalonBay Communities had a net margin of 41.55% and a return on equity of 8.66%. The firm had revenue of $550.50 million for the quarter, compared to analysts’ expectations of $539.69 million. During the same period in the prior year, the company earned $2.11 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. sell-side analysts forecast that AvalonBay Communities, Inc. will post 8.62 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a dividend of $1.42 per share. The ex-dividend date is Thursday, December 28th. This represents a $5.68 dividend on an annualized basis and a yield of 3.13%. AvalonBay Communities’s dividend payout ratio (DPR) is 88.75%.

In related news, COO Sean J. Breslin sold 1,500 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $182.65, for a total transaction of $273,975.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Leo S. Horey III sold 2,000 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $182.75, for a total value of $365,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 30,660 shares of company stock worth $5,628,669 in the last three months. 0.46% of the stock is currently owned by insiders.

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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.

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

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