Intrua Financial LLC Has $568,000 Stock Position in AvalonBay Communities, Inc. $AVB

Intrua Financial LLC lessened its stake in AvalonBay Communities, Inc. (NYSE:AVB) by 12.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,789 shares of the real estate investment trust’s stock after selling 392 shares during the quarter. Intrua Financial LLC’s holdings in AvalonBay Communities were worth $568,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of AVB. Clearstead Trust LLC lifted its holdings in shares of AvalonBay Communities by 62.0% during the 2nd quarter. Clearstead Trust LLC now owns 162 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 62 shares during the period. Sound Income Strategies LLC increased its stake in shares of AvalonBay Communities by 76.4% in the 2nd quarter. Sound Income Strategies LLC now owns 187 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 81 shares during the last quarter. Keystone Global Partners LLC bought a new stake in shares of AvalonBay Communities during the 1st quarter worth $45,000. Zions Bancorporation National Association UT acquired a new stake in AvalonBay Communities in the first quarter valued at about $50,000. Finally, Capital Analysts LLC raised its stake in AvalonBay Communities by 48.5% during the first quarter. Capital Analysts LLC now owns 245 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 80 shares in the last quarter. 92.61% of the stock is currently owned by institutional investors and hedge funds.

AvalonBay Communities Stock Performance

Shares of AvalonBay Communities stock opened at $177.74 on Friday. The business has a 50-day simple moving average of $186.66 and a 200 day simple moving average of $195.55. AvalonBay Communities, Inc. has a one year low of $166.73 and a one year high of $239.29. 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 firm has a market capitalization of $25.17 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 2.54 and a beta of 0.84.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings results 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). The business had revenue of $766.80 million during the quarter, compared to analyst estimates of $766.22 million. AvalonBay Communities had a net margin of 38.78% and a return on equity of 9.75%. During the same period in the previous year, the business posted $2.74 EPS. On average, research analysts anticipate 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. Investors of record on Tuesday, September 30th were issued a dividend of $1.75 per share. The ex-dividend date 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

Several brokerages recently issued reports on AVB. Wells Fargo & Company decreased their price target on shares of AvalonBay Communities from $213.00 to $193.00 and set an “overweight” rating on the stock in a report on Monday, November 10th. BNP Paribas downgraded AvalonBay Communities from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Barclays boosted their price target on AvalonBay Communities from $228.00 to $229.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 30th. BNP Paribas Exane lowered shares of AvalonBay Communities from an “outperform” rating to a “neutral” rating in a report on Monday, September 29th. Finally, Morgan Stanley dropped their price target on shares of AvalonBay Communities from $225.00 to $222.50 and set an “overweight” rating for the company in a research note on Thursday. Five research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $209.35.

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.