Quotient Wealth Partners LLC Has $420,000 Stock Holdings in AvalonBay Communities, Inc. (NYSE:AVB)

Quotient Wealth Partners LLC reduced its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 25.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,909 shares of the real estate investment trust’s stock after selling 644 shares during the period. Quotient Wealth Partners LLC’s holdings in AvalonBay Communities were worth $420,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new position in shares of AvalonBay Communities during the 3rd quarter worth $26,000. Brooklyn Investment Group acquired a new position in AvalonBay Communities during the third quarter worth about $39,000. Mather Group LLC. lifted its holdings in shares of AvalonBay Communities by 38.6% in 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 last quarter. Prospera Private Wealth LLC acquired a new stake in shares of AvalonBay Communities in the 3rd quarter valued at approximately $51,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of AvalonBay Communities by 59.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 478 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 179 shares during the last quarter. 92.61% of the stock is currently owned by institutional investors.

Insider Activity at AvalonBay Communities

In other AvalonBay Communities news, Director Timothy J. Naughton sold 23,697 shares of AvalonBay Communities stock in a transaction 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 completion of the sale, the director now directly owns 87,239 shares of the company’s stock, valued at approximately $20,367,689.33. The trade was a 21.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.42% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AVB. Morgan Stanley downgraded shares of AvalonBay Communities from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $236.00 to $223.00 in a research note on Friday, January 24th. Royal Bank of Canada increased their price target on AvalonBay Communities from $226.00 to $229.00 and gave the company a “sector perform” rating in a research note on Friday. Barclays cut their price objective on AvalonBay Communities from $243.00 to $230.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Scotiabank lowered their target price on AvalonBay Communities from $244.00 to $241.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. raised 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 research note on Tuesday, December 17th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $234.33.

AvalonBay Communities Trading Down 0.7 %

AVB opened at $220.23 on Monday. The stock has a market cap of $31.33 billion, a PE ratio of 29.02, a price-to-earnings-growth ratio of 3.10 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 twelve month low of $169.37 and a twelve month high of $239.29. The company has a fifty day moving average of $220.50 and a 200-day moving average of $222.15.

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 analysts’ consensus estimates 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, sell-side analysts predict that AvalonBay Communities, Inc. will post 11.53 EPS for the current year.

AvalonBay Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $1.75 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $7.00 annualized dividend and a dividend yield of 3.18%. This is a positive change from AvalonBay Communities’s previous quarterly dividend of $1.70. AvalonBay Communities’s payout ratio is currently 89.59%.

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.