Bremer Bank National Association Reduces Holdings in AvalonBay Communities, Inc. (NYSE:AVB)

Bremer Bank National Association reduced its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,588 shares of the real estate investment trust’s stock after selling 58 shares during the period. Bremer Bank National Association’s holdings in AvalonBay Communities were worth $2,989,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in AvalonBay Communities by 2.2% during the 3rd quarter. State Street Corp now owns 9,245,028 shares of the real estate investment trust’s stock worth $2,097,971,000 after acquiring an additional 196,938 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in AvalonBay Communities by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,060,497 shares of the real estate investment trust’s stock worth $914,627,000 after acquiring an additional 55,588 shares in the last quarter. Geode Capital Management LLC grew its holdings in AvalonBay Communities by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,585,802 shares of the real estate investment trust’s stock worth $805,113,000 after acquiring an additional 27,988 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in AvalonBay Communities by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,240,436 shares of the real estate investment trust’s stock worth $504,658,000 after acquiring an additional 78,800 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in AvalonBay Communities by 678.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,715,050 shares of the real estate investment trust’s stock worth $386,315,000 after acquiring an additional 1,494,872 shares in the last quarter. 92.61% of the stock is owned by institutional investors and hedge funds.

AvalonBay Communities Stock Up 0.1 %

AVB stock opened at $218.21 on Monday. AvalonBay Communities, Inc. has a 52 week low of $169.37 and a 52 week high of $239.29. The company has a market capitalization of $31.04 billion, a price-to-earnings ratio of 29.85, a price-to-earnings-growth ratio of 2.94 and a beta of 0.99. The firm’s 50-day moving average is $224.47 and its two-hundred day moving average is $220.67. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.70.

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). AvalonBay Communities had a return on equity of 8.84% and a net margin of 36.20%. The company had revenue of $734.31 million for the quarter, compared to the consensus estimate of $731.67 million. During the same quarter last year, the firm posted $2.66 earnings per share. On average, analysts forecast that AvalonBay Communities, Inc. will post 11.04 earnings per share for the current fiscal year.

AvalonBay Communities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $1.70 per share. The ex-dividend date was Tuesday, December 31st. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.12%. AvalonBay Communities’s dividend payout ratio (DPR) is 93.02%.

Insiders Place Their Bets

In related news, Director Timothy J. Naughton sold 23,697 shares of the business’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 value of $5,532,538.59. Following the sale, the director now directly owns 87,239 shares in the company, valued at $20,367,689.33. The trade was a 21.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.48% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AVB has been the subject of several recent analyst reports. Mizuho raised shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $239.00 to $242.00 in a report on Monday, January 6th. JPMorgan Chase & Co. raised shares of AvalonBay Communities from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $247.00 to $262.00 in a report on Tuesday, December 17th. Scotiabank decreased their price target on shares of AvalonBay Communities from $244.00 to $241.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. Barclays assumed coverage on shares of AvalonBay Communities in a report on Tuesday, December 17th. They issued an “equal weight” rating and a $243.00 price target for the company. Finally, Royal Bank of Canada decreased their price target on shares of AvalonBay Communities from $234.00 to $233.00 and set a “sector perform” rating for the company in a report on Wednesday, November 6th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $234.53.

About AvalonBay Communities

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.