Carrera Capital Advisors Acquires 3,075 Shares of AvalonBay Communities, Inc. (NYSE:AVB)

Carrera Capital Advisors boosted its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 33.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,231 shares of the real estate investment trust’s stock after buying an additional 3,075 shares during the quarter. Carrera Capital Advisors’ holdings in AvalonBay Communities were worth $2,711,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new position in AvalonBay Communities in the third quarter worth about $26,000. Whipplewood Advisors LLC bought a new position in shares of AvalonBay Communities during the 4th quarter worth approximately $36,000. Brooklyn Investment Group bought a new position in shares of AvalonBay Communities during the 3rd quarter worth approximately $39,000. Prospera Private Wealth LLC purchased a new stake in AvalonBay Communities during the third quarter valued at approximately $51,000. Finally, Catalyst Capital Advisors LLC boosted its stake in AvalonBay Communities by 312.5% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the real estate investment trust’s stock valued at $80,000 after acquiring an additional 275 shares in the last quarter. Institutional investors own 92.61% of the company’s stock.

AvalonBay Communities Price Performance

AvalonBay Communities stock opened at $223.34 on Wednesday. The company has a fifty day simple moving average of $218.92 and a 200-day simple moving average of $223.65. The firm has a market capitalization of $31.77 billion, a price-to-earnings ratio of 29.43, a PEG ratio of 3.11 and a beta of 0.99. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.68. AvalonBay Communities, Inc. has a 52-week low of $177.40 and a 52-week high of $239.29.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.83 by ($0.03). AvalonBay Communities had a net margin of 37.13% and a return on equity of 9.15%. On average, equities analysts anticipate that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $1.75 per share. This is an increase from AvalonBay Communities’s previous quarterly dividend of $1.70. The ex-dividend date is Monday, March 31st. This represents a $7.00 dividend on an annualized basis and a yield of 3.13%. AvalonBay Communities’s dividend payout ratio (DPR) is presently 92.23%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Morgan Stanley downgraded AvalonBay Communities from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $236.00 to $223.00 in a research report on Friday, January 24th. Barclays reduced their target price on AvalonBay Communities from $230.00 to $226.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 19th. Evercore ISI raised their price target on AvalonBay Communities from $230.00 to $240.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Scotiabank cut their price objective on shares of AvalonBay Communities from $244.00 to $241.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. upgraded shares of AvalonBay Communities from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $247.00 to $262.00 in a research note on Tuesday, December 17th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $238.64.

AvalonBay Communities Company Profile

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.