BNP Paribas Arbitrage SA Boosts Holdings in AvalonBay Communities, Inc. (AVB)

BNP Paribas Arbitrage SA boosted its position in AvalonBay Communities, Inc. (NYSE:AVB) by 24.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 164,391 shares of the real estate investment trust’s stock after purchasing an additional 32,644 shares during the quarter. BNP Paribas Arbitrage SA owned approximately 0.12% of AvalonBay Communities worth $29,331,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Global X MANAGEMENT CO LLC raised its holdings in AvalonBay Communities by 22.2% in the third quarter. Global X MANAGEMENT CO LLC now owns 3,401 shares of the real estate investment trust’s stock worth $607,000 after purchasing an additional 618 shares in the last quarter. Candriam Luxembourg S.C.A. raised its holdings in AvalonBay Communities by 6.6% in the third quarter. Candriam Luxembourg S.C.A. now owns 11,496 shares of the real estate investment trust’s stock worth $2,051,000 after purchasing an additional 716 shares in the last quarter. Swiss National Bank raised its holdings in AvalonBay Communities by 1.1% in the third quarter. Swiss National Bank now owns 858,580 shares of the real estate investment trust’s stock worth $153,188,000 after purchasing an additional 9,000 shares in the last quarter. Principal Financial Group Inc. raised its holdings in AvalonBay Communities by 5.0% in the third quarter. Principal Financial Group Inc. now owns 2,932,070 shares of the real estate investment trust’s stock worth $523,140,000 after purchasing an additional 138,649 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in AvalonBay Communities by 3.4% in the third quarter. Oregon Public Employees Retirement Fund now owns 14,754 shares of the real estate investment trust’s stock worth $2,632,000 after purchasing an additional 479 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

A number of equities analysts have issued reports on the company. Mizuho reiterated a “buy” rating and issued a $220.00 price objective on shares of AvalonBay Communities in a report on Monday, November 6th. Stifel Nicolaus decreased their price objective on AvalonBay Communities from $209.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, November 1st. UBS AG upgraded AvalonBay Communities from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $190.00 to $206.00 in a report on Thursday. Royal Bank Of Canada decreased their price objective on AvalonBay Communities from $206.00 to $200.00 and set an “outperform” rating for the company in a report on Monday, November 6th. Finally, BidaskClub downgraded AvalonBay Communities from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. AvalonBay Communities has a consensus rating of “Hold” and an average target price of $199.27.

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AvalonBay Communities, Inc. (NYSE:AVB) traded down $0.31 during mid-day trading on Friday, hitting $187.16. The stock had a trading volume of 460,700 shares, compared to its average volume of 686,482. AvalonBay Communities, Inc. has a 12-month low of $158.32 and a 12-month high of $199.52. The company has a current ratio of 0.10, a quick ratio of 0.17 and a debt-to-equity ratio of 0.69. The stock has a market cap of $25,887.34, a PE ratio of 22.08, a P/E/G ratio of 2.95 and a beta of 0.36.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $1.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.17 by ($0.45). AvalonBay Communities had a net margin of 41.55% and a return on equity of 8.66%. The company had revenue of $550.50 million for the quarter, compared to analysts’ expectations of $539.69 million. During the same period in the previous year, the firm earned $2.11 earnings per share. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. equities analysts forecast that AvalonBay Communities, Inc. will post 8.61 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a dividend of $1.42 per share. The ex-dividend date is Thursday, December 28th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.03%. AvalonBay Communities’s payout ratio is currently 88.75%.

About AvalonBay Communities

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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