Centiva Capital LP Sells 4,395 Shares of AvalonBay Communities, Inc. (NYSE:AVB)

Centiva Capital LP reduced its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 74.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,495 shares of the real estate investment trust’s stock after selling 4,395 shares during the quarter. Centiva Capital LP’s holdings in AvalonBay Communities were worth $329,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Ancora Advisors LLC grew its stake in shares of AvalonBay Communities by 1,666.7% during the 4th quarter. Ancora Advisors LLC now owns 159 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 150 shares during the period. Whipplewood Advisors LLC bought a new stake in shares of AvalonBay Communities during the 4th quarter valued at about $36,000. Crowley Wealth Management Inc. purchased a new position in shares of AvalonBay Communities during the 4th quarter valued at about $44,000. Generali Asset Management SPA SGR purchased a new position in shares of AvalonBay Communities during the 4th quarter valued at about $66,000. Finally, Catalyst Capital Advisors LLC lifted its position in shares of AvalonBay Communities by 312.5% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust’s stock valued at $80,000 after buying an additional 275 shares in the last quarter. 92.61% of the stock is currently owned by institutional investors.

AvalonBay Communities Stock Up 0.5%

NYSE AVB opened at $205.40 on Monday. The stock’s 50 day moving average is $206.99 and its 200 day moving average is $217.40. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.68. AvalonBay Communities, Inc. has a 12 month low of $180.40 and a 12 month high of $239.29. The stock has a market cap of $29.24 billion, a PE ratio of 27.06, a P/E/G ratio of 3.11 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported $2.83 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.03. The firm 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 prior year, the company earned $2.70 EPS. Research analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on AVB shares. Truist Financial lifted their price objective on AvalonBay Communities from $229.00 to $230.00 and gave the company a “hold” rating in a research report on Monday, March 10th. Evercore ISI lifted their price objective on AvalonBay Communities from $230.00 to $240.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. Piper Sandler lowered their price objective on AvalonBay Communities from $265.00 to $255.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. Zelman & Associates raised AvalonBay Communities from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 13th. Finally, Royal Bank of Canada lowered their price objective on AvalonBay Communities from $223.00 to $220.00 and set a “sector perform” rating on the stock in a research report on Thursday. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $238.86.

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.