Delphi Management Inc. MA Sells 176 Shares of AvalonBay Communities, Inc. (NYSE:AVB)

Delphi Management Inc. MA decreased its position in AvalonBay Communities, Inc. (NYSE:AVB) by 2.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,663 shares of the real estate investment trust’s stock after selling 176 shares during the period. Delphi Management Inc. MA’s holdings in AvalonBay Communities were worth $1,466,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in AVB. RPg Family Wealth Advisory LLC bought a new stake in AvalonBay Communities in the third quarter valued at $26,000. Whipplewood Advisors LLC bought a new stake in AvalonBay Communities in the fourth quarter valued at $36,000. Brooklyn Investment Group bought a new stake in AvalonBay Communities in the third quarter valued at $39,000. Prospera Private Wealth LLC bought a new stake in AvalonBay Communities in the third quarter valued at $51,000. Finally, Catalyst Capital Advisors LLC boosted its holdings 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

AVB opened at $211.70 on Tuesday. The stock has a 50-day moving average price of $218.01 and a 200-day moving average price of $223.32. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market cap of $30.12 billion, a PE ratio of 27.89, a P/E/G ratio of 3.11 and a beta of 1.00. AvalonBay Communities, Inc. has a 1 year low of $177.40 and a 1 year high of $239.29.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings results 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 return on equity of 9.15% and a net margin of 37.13%. Sell-side analysts predict that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $1.75 dividend. This is a positive change 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 3.31%. AvalonBay Communities’s payout ratio is 92.23%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Zelman & Associates upgraded shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating in a report on Thursday, February 13th. Evercore ISI raised their price objective on AvalonBay Communities from $230.00 to $240.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. Truist Financial raised their price objective on AvalonBay Communities from $229.00 to $230.00 and gave the company a “hold” rating in a research report on Monday, March 10th. JPMorgan Chase & Co. raised AvalonBay Communities from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $247.00 to $262.00 in a research report on Tuesday, December 17th. Finally, Piper Sandler lowered their price objective on AvalonBay Communities from $270.00 to $265.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $238.64.

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.