Shell Asset Management Co. Invests $10.02 Million in AvalonBay Communities Inc (AVB)

Shell Asset Management Co. purchased a new stake in AvalonBay Communities Inc (NYSE:AVB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 56,154 shares of the real estate investment trust’s stock, valued at approximately $10,018,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bartlett & Co. LLC raised its stake in shares of AvalonBay Communities by 112.8% in the 4th quarter. Bartlett & Co. LLC now owns 681 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 361 shares during the period. Amica Retiree Medical Trust acquired a new stake in shares of AvalonBay Communities in the third quarter valued at about $132,000. WFG Advisors LP increased its position in shares of AvalonBay Communities by 24.9% in the second quarter. WFG Advisors LP now owns 839 shares of the real estate investment trust’s stock valued at $161,000 after acquiring an additional 167 shares during the last quarter. Keeler Thomas Management LLC acquired a new stake in shares of AvalonBay Communities in the fourth quarter valued at about $166,000. Finally, NuWave Investment Management LLC acquired a new stake in shares of AvalonBay Communities in the fourth quarter valued at about $181,000. 95.21% of the stock is currently owned by hedge funds and other institutional investors.

In other AvalonBay Communities news, insider Leo S. Horey III sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $181.89, for a total transaction of $363,780.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Sean J. Breslin sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $182.65, for a total value of $273,975.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,660 shares of company stock worth $5,628,669. Company insiders own 0.46% of the company’s stock.

A number of analysts recently issued reports on the company. Zelman & Associates raised AvalonBay Communities from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. BMO Capital Markets set a $178.00 target price on AvalonBay Communities and gave the company a “hold” rating in a research report on Monday, February 12th. Mizuho set a $185.00 target price on AvalonBay Communities and gave the company a “buy” rating in a research report on Friday, February 9th. Sandler O’Neill downgraded AvalonBay Communities from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $185.00 target price on shares of AvalonBay Communities in a research report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $194.82.

AvalonBay Communities Inc (NYSE AVB) opened at $162.57 on Friday. The firm has a market capitalization of $22,245.96, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 2.50 and a beta of 0.34. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.71. AvalonBay Communities Inc has a 12-month low of $154.82 and a 12-month high of $199.52.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $1.03. The firm had revenue of $555.29 million for the quarter, compared to the consensus estimate of $554.20 million. AvalonBay Communities had a return on equity of 8.57% and a net margin of 40.62%. The business’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.12 earnings per share. equities analysts forecast that AvalonBay Communities Inc will post 9 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 29th will be given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date is Wednesday, March 28th. This is an increase from AvalonBay Communities’s previous quarterly dividend of $1.42. AvalonBay Communities’s payout ratio is 89.31%.

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AvalonBay Communities Profile

AvalonBay Communities, Inc is a real estate investment trust (REIT). The Company is focused on the development, redevelopment, acquisition, ownership and operation of multifamily communities primarily in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California.

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

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