RWA Wealth Partners LLC Boosts Position in AvalonBay Communities, Inc. $AVB

RWA Wealth Partners LLC increased its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 2.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 23,332 shares of the real estate investment trust’s stock after acquiring an additional 655 shares during the quarter. RWA Wealth Partners LLC’s holdings in AvalonBay Communities were worth $4,748,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AVB. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of AvalonBay Communities by 9.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 344,505 shares of the real estate investment trust’s stock valued at $73,938,000 after buying an additional 28,608 shares during the period. Jump Financial LLC purchased a new stake in shares of AvalonBay Communities during the first quarter worth approximately $526,000. Brown Advisory Inc. raised its holdings in AvalonBay Communities by 12.0% in the first quarter. Brown Advisory Inc. now owns 16,596 shares of the real estate investment trust’s stock valued at $3,562,000 after acquiring an additional 1,773 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in AvalonBay Communities by 1.5% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 723,402 shares of the real estate investment trust’s stock worth $147,212,000 after acquiring an additional 10,929 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in AvalonBay Communities by 24.8% in the second quarter. Nordea Investment Management AB now owns 383,618 shares of the real estate investment trust’s stock worth $77,211,000 after acquiring an additional 76,136 shares during the last quarter. 92.61% of the stock is currently owned by institutional investors and hedge funds.

AvalonBay Communities Price Performance

Shares of NYSE:AVB opened at $177.29 on Friday. AvalonBay Communities, Inc. has a 12 month low of $166.73 and a 12 month high of $239.29. The firm has a market capitalization of $25.24 billion, a P/E ratio of 21.65, a P/E/G ratio of 2.54 and a beta of 0.84. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.70. The company’s fifty day moving average price is $188.17 and its 200 day moving average price is $196.49.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $2.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.81 by ($0.06). AvalonBay Communities had a return on equity of 9.75% and a net margin of 38.78%.The firm had revenue of $766.80 million for the quarter, compared to analysts’ expectations of $766.22 million. During the same period in the previous year, the business posted $2.74 EPS. As a group, sell-side analysts predict that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a dividend of $1.75 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $7.00 annualized dividend and a yield of 3.9%. AvalonBay Communities’s payout ratio is 85.47%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Evercore ISI reissued an “in-line” rating and issued a $214.00 price objective on shares of AvalonBay Communities in a research report on Monday, November 3rd. Wall Street Zen raised AvalonBay Communities from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. BNP Paribas Exane cut AvalonBay Communities from an “outperform” rating to a “neutral” rating in a research note on Monday, September 29th. Morgan Stanley raised AvalonBay Communities from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $228.00 to $225.00 in a research report on Wednesday, August 13th. Finally, Royal Bank Of Canada dropped their price objective on AvalonBay Communities from $202.00 to $197.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 4th. Five investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, AvalonBay Communities presently has an average rating of “Hold” and a consensus price target of $212.92.

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.