Presima Inc. Invests $33.20 Million in AvalonBay Communities, Inc. (AVB)

Can owned 0.18% of AvalonBay Communities worth $44,487,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp grew its position in shares of AvalonBay Communities by 9.5% during the 3rd quarter. California Public Employees Retirement System now owns 310,326 shares of the real estate investment trust's stock valued at $55,368,000 after acquiring an additional 6,230 shares during the period. Muzinich & Co. Inc. raised its position in shares of AvalonBay Communities by 104.0% in the first quarter. During the same quarter in the previous year, the business posted $2.11 EPS. sell-side analysts expect that AvalonBay Communities, Inc. will post 8.62 earnings per share for the current year. Muzinich & Co. Inc. now owns 665 shares of the real estate investment trust's stock valued at $122,000 after buying an additional 339 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its position in shares of AvalonBay Communities by 316.7% during the 3rd quarter. FMR LLC now owns 5,341,390 shares of the real estate investment trust's stock valued at $1,026,454,000 after purchasing an additional 969,095 shares in the last quarter. Finally, Blair William & Co. The fund acquired 186,100 shares of the real estate investment trust's stock, valued at approximately $33,204,000.

Among 23 analysts covering Avalonbay Communities Inc. (NYSE AVB) traded up $0.57 during trading on Thursday, reaching $179.38. AvalonBay Communities, Inc. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.10 and a quick ratio of 0.10.

AvalonBay Communities, Inc. has a twelve month low of $163.58 and a twelve month high of $199.52. The stock has a market cap of $25,010.48, a price-to-earnings ratio of 21.33, a P/E/G ratio of 2.85 and a beta of 0.35.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $2.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by $0.02. AvalonBay Communities had a net margin of 41.55% and a return on equity of 8.66%. The business had revenue of $550.50 million for the quarter, compared to the consensus estimate of $539.69 million. During the same period previous year, the firm earned $2.11 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, June 30th will be given a $1.42 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $5.68 annualized dividend and a yield of 3.16%. AvalonBay Communities's payout ratio is now 88.75%.

In other AvalonBay Communities news, insider Leo S. Horey III sold 2,000 shares of the company's stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $181.89, for a total value of $363,780.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

A number of research firms have recently commented on AVB. UBS upgraded shares of AvalonBay Communities from a "neutral" rating to a "buy" rating and boosted their price target for the company from $190.00 to $206.00 in a research report on Thursday, November 9th. Barclays PLC upped their price target on AvalonBay Communities from $174.00 to $188.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 19th. KeyCorp restated a "hold" rating on shares of AvalonBay Communities in a research note on Sunday, September 24th. Stifel Nicolaus dropped their price objective on shares of AvalonBay Communities from $209.00 to $200.00 and set a "buy" rating for the company in a report on Wednesday, November 1st. Evercore ISI upgraded AvalonBay Communities from an "in-line" rating to an "outperform" rating and set a $194.00 target price for the company in a research note on Monday, September 25th.

Several brokerages have recently issued reports on AVB. The average 12-month target price among brokers that have issued ratings on the stock in the previous year is $191.50. Avalonbay Communities Inc. had 66 analyst reports since July 21, 2015 according to SRatingsIntel. Over the last ninety days, insiders sold 40,784 shares of company stock valued at $7,780,742. Dnb Asset As has invested 0% in AvalonBay Communities, Inc. "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.new TradingView.widget ({ "height": "400, "width": "625, "symbol": "AVB", "interval": "D", "timezone": "Etc/UTC", "theme": "White", "style": "1", "locale": "en", "toolbar_bg": "#f1f3f6", "enable_publishing": "false, "hideideas": "true, "referral_id": "2588"}); Receive News & Ratings for AvalonBay Communities Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AvalonBay Communities Inc and related companies with our FREE daily email newsletter.

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