AvalonBay Communities Inc (AVB) Shares Bought by Mount Yale Investment Advisors LLC

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Mount Yale Investment Advisors LLC increased its position in AvalonBay Communities Inc (NYSE:AVB) by 30.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,594 shares of the real estate investment trust’s stock after purchasing an additional 371 shares during the period. Mount Yale Investment Advisors LLC’s holdings in AvalonBay Communities were worth $274,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Mn Services Vermogensbeheer B.V. boosted its stake in AvalonBay Communities by 1.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 21,695 shares of the real estate investment trust’s stock valued at $3,568,000 after acquiring an additional 300 shares during the period. State Treasurer State of Michigan boosted its stake in AvalonBay Communities by 0.7% in the second quarter. State Treasurer State of Michigan now owns 40,923 shares of the real estate investment trust’s stock valued at $7,034,000 after acquiring an additional 300 shares during the period. Brinker Capital Inc. boosted its stake in AvalonBay Communities by 9.1% in the first quarter. Brinker Capital Inc. now owns 3,619 shares of the real estate investment trust’s stock valued at $596,000 after acquiring an additional 302 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in AvalonBay Communities by 2.1% in the second quarter. Oregon Public Employees Retirement Fund now owns 15,099 shares of the real estate investment trust’s stock valued at $2,595,000 after acquiring an additional 316 shares during the period. Finally, Assetmark Inc. boosted its stake in AvalonBay Communities by 44.1% in the first quarter. Assetmark Inc. now owns 1,156 shares of the real estate investment trust’s stock valued at $190,000 after acquiring an additional 354 shares during the period. Institutional investors and hedge funds own 93.16% of the company’s stock.

In other AvalonBay Communities news, COO Sean J. Breslin sold 7,200 shares of the company’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $182.20, for a total value of $1,311,840.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kevin P. O’shea sold 2,000 shares of the company’s stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $179.85, for a total value of $359,700.00. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by corporate insiders.

NYSE:AVB traded down $0.40 during midday trading on Friday, hitting $172.79. 558,814 shares of the stock were exchanged, compared to its average volume of 702,371. The stock has a market cap of $25.04 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 2.65 and a beta of 0.33. AvalonBay Communities Inc has a one year low of $152.65 and a one year high of $188.91. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.04.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings results on Monday, July 30th. The real estate investment trust reported $1.84 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.20 by ($0.36). The company had revenue of $569.24 million during the quarter, compared to the consensus estimate of $565.41 million. AvalonBay Communities had a net margin of 39.01% and a return on equity of 8.42%. During the same period in the prior year, the company posted $2.09 EPS. On average, sell-side analysts expect that AvalonBay Communities Inc will post 8.99 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be issued a $1.47 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $5.88 annualized dividend and a dividend yield of 3.40%. AvalonBay Communities’s dividend payout ratio is currently 68.21%.

A number of equities research analysts have recently weighed in on the company. Evercore ISI set a $194.00 price target on AvalonBay Communities and gave the company a “buy” rating in a report on Monday, October 1st. Deutsche Bank lifted their price target on AvalonBay Communities from $186.00 to $192.00 and gave the company a “hold” rating in a report on Wednesday, September 5th. Argus lifted their price target on AvalonBay Communities to $196.00 and gave the company a “buy” rating in a report on Wednesday, August 15th. Robert W. Baird cut AvalonBay Communities from an “outperform” rating to a “neutral” rating and set a $197.00 price target on the stock. in a report on Wednesday, August 15th. Finally, Zelman & Associates cut AvalonBay Communities from a “hold” rating to a “sell” rating in a report on Monday, August 6th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $192.50.

AvalonBay Communities Company Profile

As of June 30, 2018, the Company owned or held a direct or indirect ownership interest in 287 apartment communities containing 84,043 apartment homes in 12 states and the District of Columbia, of which 19 communities were under development and 16 communities were under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas primarily in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and the Northern and Southern California regions of the United States.

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Institutional Ownership by Quarter for AvalonBay Communities (NYSE:AVB)

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