Kintegral Advisory LLC Sells 141 Shares of AvalonBay Communities, Inc. (NYSE:AVB)

Kintegral Advisory LLC lessened its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,015 shares of the real estate investment trust’s stock after selling 141 shares during the quarter. Kintegral Advisory LLC’s holdings in AvalonBay Communities were worth $668,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of AvalonBay Communities by 678.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,715,050 shares of the real estate investment trust’s stock worth $386,315,000 after acquiring an additional 1,494,872 shares during the last quarter. State Street Corp boosted its position in AvalonBay Communities by 2.2% during the third quarter. State Street Corp now owns 9,245,028 shares of the real estate investment trust’s stock worth $2,097,971,000 after purchasing an additional 196,938 shares during the period. KBC Group NV increased its holdings in shares of AvalonBay Communities by 284.8% in the third quarter. KBC Group NV now owns 146,429 shares of the real estate investment trust’s stock valued at $32,983,000 after purchasing an additional 108,371 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of AvalonBay Communities by 54.8% in the third quarter. BNP Paribas Financial Markets now owns 259,531 shares of the real estate investment trust’s stock valued at $58,459,000 after purchasing an additional 91,861 shares during the period. Finally, Nordea Investment Management AB lifted its stake in shares of AvalonBay Communities by 40.7% during the 4th quarter. Nordea Investment Management AB now owns 314,110 shares of the real estate investment trust’s stock worth $69,148,000 after buying an additional 90,808 shares during the last quarter. Institutional investors own 92.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. upgraded shares of AvalonBay Communities from a “neutral” rating to an “overweight” rating and upped their price target for the company from $247.00 to $262.00 in a research note on Tuesday, December 17th. Zelman & Associates raised AvalonBay Communities from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 13th. Morgan Stanley lowered AvalonBay Communities from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $236.00 to $223.00 in a research note on Friday, January 24th. Barclays reduced their price target on AvalonBay Communities from $230.00 to $226.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Scotiabank lowered their price objective on 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. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, AvalonBay Communities presently has an average rating of “Moderate Buy” and an average target price of $238.64.

AvalonBay Communities Stock Performance

NYSE:AVB opened at $218.78 on Friday. The company has a market cap of $31.12 billion, a price-to-earnings ratio of 28.82, a PEG ratio of 3.12 and a beta of 0.99. AvalonBay Communities, Inc. has a fifty-two week low of $172.85 and a fifty-two week high of $239.29. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a fifty day moving average price of $218.76 and a 200-day moving average price of $222.96.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.80 earnings per share for the quarter, missing the consensus estimate of $2.83 by ($0.03). AvalonBay Communities had a return on equity of 9.15% and a net margin of 37.13%. As a group, equities analysts anticipate that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $1.75 per share. This is a positive change from AvalonBay Communities’s previous quarterly dividend of $1.70. The ex-dividend date is Monday, March 31st. This represents a $7.00 annualized dividend and a dividend yield of 3.20%. AvalonBay Communities’s dividend payout ratio (DPR) is currently 89.59%.

AvalonBay Communities Company 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.