High Probability Advisors LLC Has $730,000 Stock Position in AvalonBay Communities, Inc. (NYSE:AVB)

High Probability Advisors LLC increased its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 36.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,318 shares of the real estate investment trust’s stock after buying an additional 895 shares during the quarter. High Probability Advisors LLC’s holdings in AvalonBay Communities were worth $730,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of AvalonBay Communities during the third quarter worth about $26,000. Brooklyn Investment Group acquired a new stake in AvalonBay Communities during the 3rd quarter worth approximately $39,000. Mather Group LLC. raised its holdings in AvalonBay Communities by 38.6% during the 3rd quarter. Mather Group LLC. now owns 201 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 56 shares during the period. Prospera Private Wealth LLC bought a new position in AvalonBay Communities in the third quarter valued at approximately $51,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of AvalonBay Communities by 59.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 478 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 179 shares during the period. 92.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AVB shares. Scotiabank cut their price objective on shares of AvalonBay Communities from $244.00 to $241.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Mizuho upgraded AvalonBay Communities from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $239.00 to $242.00 in a report on Monday, January 6th. Royal Bank of Canada decreased their price objective on AvalonBay Communities from $234.00 to $233.00 and set a “sector perform” rating for the company in a report on Wednesday, November 6th. JPMorgan Chase & Co. upgraded AvalonBay Communities from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $247.00 to $262.00 in a research note on Tuesday, December 17th. Finally, Barclays assumed coverage on shares of AvalonBay Communities in a research note on Tuesday, December 17th. They set an “equal weight” rating and a $243.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $234.53.

Insider Buying and Selling at AvalonBay Communities

In other news, Director Timothy J. Naughton sold 23,697 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $233.47, for a total transaction of $5,532,538.59. Following the completion of the sale, the director now owns 87,239 shares in the company, valued at $20,367,689.33. The trade was a 21.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.42% of the company’s stock.

AvalonBay Communities Stock Down 0.3 %

Shares of AVB stock opened at $213.72 on Friday. AvalonBay Communities, Inc. has a 52-week low of $169.37 and a 52-week high of $239.29. The stock has a market cap of $30.40 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 3.05 and a beta of 0.99. The firm’s 50-day moving average is $223.59 and its 200-day moving average is $220.99. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.64 and a current ratio of 1.64.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $2.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.10). AvalonBay Communities had a net margin of 36.20% and a return on equity of 8.84%. The business had revenue of $734.31 million during the quarter, compared to the consensus estimate of $731.67 million. During the same quarter in the prior year, the company earned $2.66 EPS. Sell-side analysts predict that AvalonBay Communities, Inc. will post 11.04 EPS for the current year.

AvalonBay Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $1.70 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $6.80 annualized dividend and a dividend yield of 3.18%. AvalonBay Communities’s dividend payout ratio is currently 93.02%.

AvalonBay Communities Profile

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.