Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its stake in shares of AvalonBay Communities Inc (NYSE:AVB) by 47.7% in the 4th quarter, HoldingsChannel reports. The fund owned 71,928 shares of the real estate investment trust’s stock after buying an additional 23,213 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in AvalonBay Communities were worth $12,920,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Commerzbank Aktiengesellschaft FI grew its stake in AvalonBay Communities by 37.8% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 7,969 shares of the real estate investment trust’s stock valued at $1,422,000 after acquiring an additional 2,186 shares in the last quarter. Eqis Capital Management Inc. grew its stake in AvalonBay Communities by 29.1% during the fourth quarter. Eqis Capital Management Inc. now owns 1,624 shares of the real estate investment trust’s stock valued at $290,000 after acquiring an additional 366 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in AvalonBay Communities by 24.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 96,898 shares of the real estate investment trust’s stock valued at $17,288,000 after acquiring an additional 19,202 shares in the last quarter. Lourd Capital LLC purchased a new position in AvalonBay Communities during the fourth quarter valued at $813,000. Finally, Duff & Phelps Investment Management Co. grew its stake in AvalonBay Communities by 16.2% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 545,586 shares of the real estate investment trust’s stock valued at $97,338,000 after acquiring an additional 76,040 shares in the last quarter. 94.86% of the stock is owned by institutional investors.

Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of AvalonBay Communities from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. BMO Capital Markets reaffirmed a “hold” rating and set a $190.00 target price on shares of AvalonBay Communities in a research note on Monday, November 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $185.00 target price on shares of AvalonBay Communities in a research note on Friday, January 19th. SunTrust Banks set a $194.00 target price on shares of AvalonBay Communities and gave the company a “buy” rating in a research note on Monday. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $187.00 target price on shares of AvalonBay Communities in a research note on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $199.06.

Shares of AvalonBay Communities Inc (NYSE:AVB) traded down $1.15 during trading hours on Friday, hitting $169.03. 206,054 shares of the company’s stock were exchanged, compared to its average volume of 568,899. AvalonBay Communities Inc has a 1-year low of $167.09 and a 1-year high of $199.52. The stock has a market cap of $23,290.00, a PE ratio of 26.44, a P/E/G ratio of 2.55 and a beta of 0.35. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.69.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings data 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 return on equity of 8.66% and a net margin of 41.55%. The business had revenue of $550.50 million during the quarter, compared to analysts’ expectations of $539.69 million. During the same period in the previous year, the business earned $2.11 earnings per share. The business’s quarterly revenue was up 6.6% on a year-over-year basis. equities research analysts forecast that AvalonBay Communities Inc will post 8.62 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were paid a $1.42 dividend. The ex-dividend date was Thursday, December 28th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.36%. AvalonBay Communities’s payout ratio is currently 89.03%.

In other news, COO Sean J. Breslin sold 1,500 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $182.65, for a total value of $273,975.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy J. Naughton sold 25,160 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $183.84, for a total transaction of $4,625,414.40. The disclosure for this sale can be found here. Insiders sold a total of 30,660 shares of company stock valued at $5,628,669 over the last three months. Corporate insiders own 0.46% of the company’s stock.

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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.

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

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