AvalonBay Communities Inc (AVB) Stake Lowered by Amica Mutual Insurance Co.

Amica Mutual Insurance Co. lessened its holdings in AvalonBay Communities Inc (NYSE:AVB) by 20.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,240 shares of the real estate investment trust’s stock after selling 1,372 shares during the period. Amica Mutual Insurance Co.’s holdings in AvalonBay Communities were worth $935,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Bartlett & Co. LLC lifted 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 last quarter. Amica Retiree Medical Trust acquired a new position in shares of AvalonBay Communities in the 3rd quarter valued at $132,000. Keeler Thomas Management LLC acquired a new position in shares of AvalonBay Communities in the 4th quarter valued at $166,000. NuWave Investment Management LLC acquired a new position in shares of AvalonBay Communities in the 4th quarter valued at $181,000. Finally, MUFG Americas Holdings Corp acquired a new position in shares of AvalonBay Communities in the 4th quarter valued at $189,000. 95.84% of the stock is currently owned by institutional investors and hedge funds.

Shares of AvalonBay Communities Inc (NYSE:AVB) opened at $157.12 on Friday. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $21,700.00, a price-to-earnings ratio of 24.74, a P/E/G ratio of 2.48 and a beta of 0.34. AvalonBay Communities Inc has a 1-year low of $154.82 and a 1-year high of $199.52.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $2.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 company’s quarterly 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 EPS. research analysts forecast that AvalonBay Communities Inc will post 9 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 29th will be issued a dividend of $1.47 per share. This is an increase from AvalonBay Communities’s previous quarterly dividend of $1.42. The ex-dividend date is Wednesday, March 28th. This represents a $5.88 annualized dividend and a yield of 3.74%. AvalonBay Communities’s dividend payout ratio is 89.45%.

In other AvalonBay Communities news, insider Leo S. Horey III sold 2,000 shares of the company’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $182.75, for a total transaction of $365,500.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Timothy J. Naughton sold 25,160 shares of the company’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $183.84, for a total value of $4,625,414.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,660 shares of company stock worth $5,628,669. 0.46% of the stock is owned by company insiders.

AVB has been the topic of several recent analyst reports. Royal Bank of Canada decreased their price target on AvalonBay Communities from $206.00 to $200.00 and set an “outperform” rating on the stock in a research note on Monday, November 6th. Mizuho reaffirmed a “buy” rating and issued a $220.00 price target on shares of AvalonBay Communities in a research note on Monday, November 6th. Stifel Nicolaus decreased their price target on AvalonBay Communities from $209.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, November 1st. UBS Group raised AvalonBay Communities from a “neutral” rating to a “buy” rating and upped their price target for the company from $190.00 to $206.00 in a research note on Thursday, November 9th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $187.00 price target on shares of AvalonBay Communities in a research note on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company. AvalonBay Communities currently has an average rating of “Hold” and an average price target of $194.82.

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AvalonBay Communities Company 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.

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

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