Tectonic Advisors LLC Acquires 108 Shares of AvalonBay Communities, Inc. (NYSE:AVB)

Tectonic Advisors LLC raised its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 5.6% in the 4th quarter, Holdings Channel reports. The firm owned 2,042 shares of the real estate investment trust’s stock after purchasing an additional 108 shares during the quarter. Tectonic Advisors LLC’s holdings in AvalonBay Communities were worth $449,000 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. Segment Wealth Management LLC raised its position in shares of AvalonBay Communities by 4.6% during the third quarter. Segment Wealth Management LLC now owns 1,025 shares of the real estate investment trust’s stock worth $231,000 after acquiring an additional 45 shares during the last quarter. Patrick M Sweeney & Associates Inc. increased its position in AvalonBay Communities by 4.1% during the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 1,268 shares of the real estate investment trust’s stock valued at $286,000 after purchasing an additional 50 shares during the period. OneDigital Investment Advisors LLC raised its holdings in AvalonBay Communities by 4.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,244 shares of the real estate investment trust’s stock worth $280,000 after purchasing an additional 55 shares during the last quarter. Wedmont Private Capital lifted its position in shares of AvalonBay Communities by 5.3% in the 4th quarter. Wedmont Private Capital now owns 1,094 shares of the real estate investment trust’s stock worth $231,000 after purchasing an additional 55 shares during the period. Finally, Mather Group LLC. boosted its stake in shares of AvalonBay Communities by 38.6% in the 3rd quarter. Mather Group LLC. now owns 201 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 56 shares during the last quarter. 92.61% of the stock is owned by institutional investors and hedge funds.

AvalonBay Communities Stock Performance

Shares of AVB stock opened at $221.59 on Friday. AvalonBay Communities, Inc. has a 12 month low of $169.37 and a 12 month high of $239.29. The firm has a market capitalization of $31.52 billion, a PE ratio of 30.31, a price-to-earnings-growth ratio of 3.09 and a beta of 1.00. The firm has a fifty day simple moving average of $221.12 and a two-hundred day simple moving average of $221.98. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.70.

AvalonBay Communities (NYSE:AVB) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.80 earnings per share for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.03). AvalonBay Communities had a return on equity of 8.84% and a net margin of 36.20%. Analysts forecast that AvalonBay Communities, Inc. will post 11.04 EPS for the current fiscal year.

AvalonBay Communities Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Monday, March 31st. This is a positive change from AvalonBay Communities’s previous quarterly dividend of $1.70. AvalonBay Communities’s dividend payout ratio (DPR) is currently 93.02%.

Insider Activity at AvalonBay Communities

In other AvalonBay Communities news, Director Timothy J. Naughton sold 23,697 shares of AvalonBay Communities stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $233.47, for a total transaction of $5,532,538.59. Following the transaction, the director now directly owns 87,239 shares of the company’s stock, valued at $20,367,689.33. The trade was a 21.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.48% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on AVB. Morgan Stanley lowered shares of AvalonBay Communities from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $236.00 to $223.00 in a report on Friday, January 24th. Royal Bank of Canada dropped their price objective on AvalonBay Communities from $234.00 to $233.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 6th. JPMorgan Chase & Co. raised AvalonBay Communities from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $247.00 to $262.00 in a research note on Tuesday, December 17th. Scotiabank dropped their price target on AvalonBay Communities from $244.00 to $241.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Finally, Mizuho raised shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $239.00 to $242.00 in a research report on Monday, January 6th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $234.60.

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.