Bremer Bank National Association Trims Stock Position in AvalonBay Communities, Inc. (NYSE:AVB)

Bremer Bank National Association cut its stake in AvalonBay Communities, Inc. (NYSE:AVB) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of AVB. RPg Family Wealth Advisory LLC acquired a new position in AvalonBay Communities in the third quarter valued at $26,000. Brooklyn Investment Group acquired a new position in shares of AvalonBay Communities during the third quarter worth about $39,000. Mather Group LLC. increased its stake in shares of AvalonBay Communities by 38.6% during the third quarter. Mather Group LLC. now owns 201 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 56 shares during the period. Prospera Private Wealth LLC acquired a new position in shares of AvalonBay Communities during the third quarter worth about $51,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of AvalonBay Communities by 368.3% during the second quarter. EverSource Wealth Advisors LLC now owns 576 shares of the real estate investment trust’s stock worth $118,000 after acquiring an additional 453 shares during the period. 92.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Timothy J. Naughton sold 2,261 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $233.78, for a total value of $528,576.58. Following the completion of the sale, the director now owns 111,436 shares of the company’s stock, valued at $26,051,508.08. This represents a 1.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.48% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Mizuho raised shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $239.00 to $242.00 in a report on Monday, January 6th. Barclays assumed coverage on shares of AvalonBay Communities in a report on Tuesday, December 17th. They set an “equal weight” rating and a $243.00 price objective on the stock. Scotiabank decreased 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. JPMorgan Chase & Co. raised shares of AvalonBay Communities from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $247.00 to $262.00 in a report on Tuesday, December 17th. Finally, Royal Bank of Canada decreased their price objective on shares of AvalonBay Communities from $234.00 to $233.00 and set a “sector perform” rating on the stock 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $234.53.

AvalonBay Communities Stock Performance

Shares of AVB opened at $218.21 on Monday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.64 and a current ratio of 1.64. The company has a market capitalization of $31.04 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 2.94 and a beta of 0.99. The company’s 50 day simple moving average is $224.47 and its 200 day simple moving average is $220.67. AvalonBay Communities, Inc. has a 1 year low of $169.37 and a 1 year high of $239.29.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $2.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.10). The firm had revenue of $734.31 million for the quarter, compared to analysts’ expectations of $731.67 million. AvalonBay Communities had a net margin of 36.20% and a return on equity of 8.84%. During the same period in the previous year, the company posted $2.66 EPS. On average, sell-side analysts predict that AvalonBay Communities, Inc. will post 11.04 EPS for the current year.

AvalonBay Communities Announces Dividend

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

AvalonBay Communities 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.