Impact Partnership Wealth LLC Makes New Investment in AvalonBay Communities, Inc. (NYSE:AVB)

Impact Partnership Wealth LLC acquired a new position in shares of AvalonBay Communities, Inc. (NYSE:AVB) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,788 shares of the real estate investment trust’s stock, valued at approximately $613,000.

A number of other hedge funds have also modified their holdings of AVB. RPg Family Wealth Advisory LLC purchased a new position in AvalonBay Communities during the 3rd quarter valued at about $26,000. Brooklyn Investment Group acquired a new stake in shares of AvalonBay Communities during the third quarter worth approximately $39,000. Mather Group LLC. grew its position in AvalonBay Communities by 38.6% during the third 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 in the last quarter. Prospera Private Wealth LLC purchased a new position in AvalonBay Communities during the third quarter valued at approximately $51,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake in AvalonBay Communities by 59.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 478 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 179 shares during the period. 92.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AvalonBay Communities

In other AvalonBay Communities news, Director Timothy J. Naughton sold 23,697 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 87,239 shares in the company, valued at approximately $20,367,689.33. This trade represents a 21.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on AVB shares. Barclays cut their price objective on AvalonBay Communities from $243.00 to $230.00 and set an “equal weight” rating for the company in a report on Friday. Mizuho raised AvalonBay Communities from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $239.00 to $242.00 in a research note on Monday, January 6th. Scotiabank decreased their target price on shares of AvalonBay Communities from $244.00 to $241.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. Royal Bank of Canada cut their target price on shares of AvalonBay Communities from $234.00 to $233.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 6th. Finally, Morgan Stanley downgraded AvalonBay Communities from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $236.00 to $223.00 in a research report on Friday. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $234.60.

AvalonBay Communities Stock Performance

NYSE AVB opened at $213.72 on Friday. AvalonBay Communities, Inc. has a twelve month low of $169.37 and a twelve month high of $239.29. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.70. The stock has a market cap of $30.40 billion, a P/E ratio of 29.24, a PEG ratio of 2.98 and a beta of 0.99. The company’s 50-day simple moving average is $223.59 and its 200 day simple moving average is $220.99.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $2.61 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.10). The business had revenue of $734.31 million for the quarter, compared to the consensus estimate of $731.67 million. AvalonBay Communities had a return on equity of 8.84% and a net margin of 36.20%. During the same quarter last year, the company earned $2.66 earnings per share. As a group, research analysts forecast that AvalonBay Communities, Inc. will post 11.04 earnings per share for the current fiscal year.

AvalonBay Communities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $1.70 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.18%. AvalonBay Communities’s dividend payout ratio is 93.02%.

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.