AvalonBay Communities, Inc. (NYSE: AVB) Shares sold by Coastal Investment Advisors Inc.


Coastal Investment Advisors Inc. reduced its stake in AvalonBay Communities, Inc. (NYSE: AVB – Get Rating) by 16.5% in the first quarter, reports Holdings Channel.com. The institutional investor owned 1,010 shares of the real estate investment trust shares after selling 200 shares during the period. The holdings of Coastal Investment Advisors Inc. at AvalonBay Communities were worth $ 251,000 at the time of his last SEC filing.

A number of other institutional investors have also added or reduced their stakes in AVB. Norges Bank acquired a new stake in AvalonBay Communities in the 4th quarter worth approximately $ 1,499,421,000. BlackRock Inc. increased its stake in AvalonBay Communities by 6.3% in the 4th quarter. BlackRock Inc. already owns 15,215,579 shares of the Real Estate Investment Trust worth $ 3,843,305,000 after purchasing an additional 898,161 shares in the last quarter. State Street Corp increased its stakes in AvalonBay Communities by 7.6% in the fourth quarter. State Street Corp. now owns 9,364,043 shares of the real estate investment trust worth $ 2,379,927,000 after buying an additional 658,377 shares in the last quarter. The Canadian Pension Plan Investment Board increased its stake in AvalonBay Communities by 36.4% in the fourth quarter. The Canadian Pension Plan Investment Board already owns 1,778,699 shares of the $ 449,282,000 real estate investment trust after buying an additional 474,391 shares in the last quarter. Finally, Centersquare Investment Management LLC increased its stake in AvalonBay Communities by 13.0% in the 4th quarter. Centersquare Investment Management LLC already owns 1,665,896 shares of the $ 420,789,000 real estate investment trust shares after buying an additional 191,159 shares in the last quarter. Institutional investors own 90.98% of the company’s shares.

Shares of AvalonBay Communities opened at $ 195.15 on Friday. AvalonBay Communities, Inc. has a one-year low of $ 183.35 and a 1-year high of $ 259.05. The company has a debt-to-equity ratio of 0.73, a fast ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $ 27.29 billion, a P / E ratio of $ 24.27, a PEG ratio of 3.30 and a beta of 0.94. The company’s 50-day moving average is $ 210.99, and its 200-day moving average is $ 233.33.

The company also recently unveiled a three-month dividend that will be paid on Friday, July 15. The record shareholders on Thursday, June 30, will receive a dividend of $ 1.59 per share. This represents a $ 6.36 annual dividend and a yield of 3.26%. The date of the former dividend of this dividend is Wednesday, June 29. The payout ratio of AvalonBay Communities is currently 79.10%.

A number of brokerage companies have recently joined AVB. Morgan Stanley lowered its target for AvalonBay Communities stock prices from $ 247.00 to $ 225.00 and set an overweight rating for the stock in a report on Wednesday, May 25th. Evercore ISI set a price of $ 231.00 for the shares of AvalonBay Communities in a report on Monday, June 20. Deutsche Bank Aktiengesellschaft lowered its target for AvalonBay Communities stock prices from $ 285.00 to $ 272.00 and set a “buy” rating for the shares in a report on Thursday, March 24. StockNews.com began covering shares of AvalonBay Communities in a report on Thursday, March 31st. They issued a “hold” rating on the shares. Finally, Barclays lowered its target for AvalonBay Communities stock prices from $ 263.00 to $ 229.00 in a report on Tuesday, May 10. Eight investment analysts rated the shares with a retention rating, and nine gave a rating for the purchase of shares. Based on data from MarketBeat.com, AvalonBay Communities has a consensus rating of “Moderate Buying” and an average target price of $ 252.41.

Company profile in AvalonBay Communities (Get a rating)

As of December 31, 2020, the Company owns or owns, directly or indirectly, 291 residential communities containing 86,025 homes in 11 states and the District of Columbia, of which 18 communities are under development and one community is undergoing reconstruction. The company is a joint-stock REIT in the business of developing, remodeling, acquiring and managing residential communities in leading metropolitan areas in New England, the New York / New Jersey subway area, the Mid-Atlantic, the Pacific Northwest and Northern and Southern California, and growing The Company’s markets consisting of Southeast Florida and Denver, Colorado (“Expansion Markets”).

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Want to see what other hedge funds hold AVB? Visit HoldingsChannel.com to receive the latest 13F requests and internal deals for AvalonBay Communities, Inc. (NYSE: AVB – Get rating).

Quarterly Institutional Property for AvalonBay Communities (NYSE: AVB)



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