Forsta AP Fonden decreased its position in shares of AvalonBay Communities Inc (NYSE:AVB) by 43.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,356 shares of the real estate investment trust’s stock after selling 38,704 shares during the period. Forsta AP Fonden’s holdings in AvalonBay Communities were worth $8,984,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of AVB. Bartlett & Co. LLC lifted its position in AvalonBay Communities by 112.8% during the fourth quarter. Bartlett & Co. LLC now owns 681 shares of the real estate investment trust’s stock valued at $121,000 after acquiring an additional 361 shares during the last quarter. Amica Retiree Medical Trust acquired a new position in AvalonBay Communities during the 3rd quarter valued at approximately $132,000. WFG Advisors LP increased its stake in AvalonBay Communities by 24.9% during the 2nd quarter. WFG Advisors LP now owns 839 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 167 shares in the last quarter. Keeler Thomas Management LLC acquired a new position in AvalonBay Communities during the 4th quarter valued at approximately $166,000. Finally, NuWave Investment Management LLC acquired a new position in AvalonBay Communities during the 4th quarter valued at approximately $181,000. 95.21% of the stock is owned by institutional investors.

In related news, CEO Timothy J. Naughton sold 25,160 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $183.84, for a total transaction of $4,625,414.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Leo S. Horey III sold 2,000 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $182.75, for a total transaction of $365,500.00. The disclosure for this sale can be found here. Insiders sold 30,660 shares of company stock worth $5,628,669 in the last quarter. Company insiders own 0.46% of the company’s stock.

A number of research analysts have issued reports on AVB shares. SunTrust Banks set a $194.00 price target on shares of AvalonBay Communities and gave the company a “buy” rating in a research note on Monday, January 22nd. Stifel Nicolaus restated a “buy” rating and set a $185.00 price target on shares of AvalonBay Communities in a research note on Friday, January 19th. Robert W. Baird restated a “buy” rating and set a $187.00 price target on shares of AvalonBay Communities in a research note on Tuesday, January 9th. UBS Group upgraded shares of 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 note on Thursday, November 9th. Finally, Mizuho restated a “buy” rating and set a $220.00 price target on shares of AvalonBay Communities in a research note on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $194.82.

Shares of AvalonBay Communities Inc (NYSE AVB) opened at $159.40 on Wednesday. The firm has a market cap of $22,010.00, a price-to-earnings ratio of 25.10, a PEG ratio of 2.44 and a beta of 0.34. AvalonBay Communities Inc has a 52 week low of $154.82 and a 52 week high of $199.52. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.71.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $2.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.22 by $1.03. The firm had revenue of $555.29 million for the quarter, compared to analyst estimates of $554.20 million. AvalonBay Communities had a net margin of 40.62% and a return on equity of 8.57%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.12 earnings per share. research analysts forecast that AvalonBay Communities Inc will post 9.02 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be paid a $1.47 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.69%. This is a positive change from AvalonBay Communities’s previous quarterly dividend of $1.42. AvalonBay Communities’s dividend payout ratio is presently 89.45%.

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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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