New Age Alpha Advisors LLC Trims Stock Holdings in AvalonBay Communities, Inc. $AVB

New Age Alpha Advisors LLC lowered its holdings in AvalonBay Communities, Inc. (NYSE:AVB) by 17.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,854 shares of the real estate investment trust’s stock after selling 5,204 shares during the period. New Age Alpha Advisors LLC’s holdings in AvalonBay Communities were worth $4,506,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp boosted its holdings in AvalonBay Communities by 1.0% in the third quarter. State Street Corp now owns 9,537,966 shares of the real estate investment trust’s stock valued at $1,858,788,000 after purchasing an additional 92,467 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in AvalonBay Communities by 9.3% during the 4th quarter. Principal Financial Group Inc. now owns 4,497,047 shares of the real estate investment trust’s stock worth $815,360,000 after buying an additional 383,983 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in AvalonBay Communities by 6.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,215,821 shares of the real estate investment trust’s stock worth $814,376,000 after buying an additional 249,171 shares during the last quarter. Northern Trust Corp lifted its holdings in AvalonBay Communities by 3.5% during the 3rd quarter. Northern Trust Corp now owns 2,982,468 shares of the real estate investment trust’s stock worth $576,123,000 after buying an additional 100,212 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in AvalonBay Communities by 76.0% during the 3rd quarter. Bank of America Corp DE now owns 2,355,838 shares of the real estate investment trust’s stock worth $455,077,000 after buying an additional 1,017,286 shares during the last quarter. Hedge funds and other institutional investors own 92.61% of the company’s stock.

AvalonBay Communities Stock Up 0.0%

Shares of AvalonBay Communities stock opened at $185.72 on Tuesday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.80. The business’s 50 day simple moving average is $174.06 and its 200-day simple moving average is $176.88. The stock has a market capitalization of $25.84 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 3.23 and a beta of 0.79. AvalonBay Communities, Inc. has a twelve month low of $160.10 and a twelve month high of $209.86.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.33 earnings per share for the quarter, missing analysts’ consensus estimates of $2.80 by ($0.47). The company had revenue of $770.28 million for the quarter, compared to analyst estimates of $768.80 million. AvalonBay Communities had a return on equity of 9.56% and a net margin of 37.21%.During the same quarter in the previous year, the company posted $2.83 earnings per share. Equities research analysts forecast that AvalonBay Communities, Inc. will post 11.3 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Barclays reduced their target price on AvalonBay Communities from $206.00 to $203.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. Wall Street Zen raised AvalonBay Communities from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Cantor Fitzgerald increased their target price on AvalonBay Communities from $186.00 to $190.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Wells Fargo & Company reduced their target price on AvalonBay Communities from $193.00 to $191.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd. Finally, UBS Group reduced their target price on AvalonBay Communities from $191.00 to $189.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. Four equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $196.93.

AvalonBay Communities Profile

AvalonBay Communities, Inc (NYSE: AVB) is a publicly traded real estate investment trust (REIT) that owns, develops, redevelops and manages multifamily residential properties. The company focuses on professionally managed apartment communities, offering a range of rental housing options and related resident services. As a REIT, AvalonBay’s core activities center on the acquisition and development of apartment assets and the ongoing operations and leasing of those communities.

AvalonBay’s operating activities include ground-up development, strategic redevelopment of existing properties, property and asset management, and on-site leasing and resident services.