Kintegral Advisory LLC Has $668,000 Holdings in AvalonBay Communities, Inc. (NYSE:AVB)

Kintegral Advisory LLC lessened its holdings in AvalonBay Communities, Inc. (NYSE:AVB) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,015 shares of the real estate investment trust’s stock after selling 141 shares during the period. Kintegral Advisory LLC’s holdings in AvalonBay Communities were worth $668,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Creative Planning increased its position in AvalonBay Communities by 4.7% during the 3rd quarter. Creative Planning now owns 9,004 shares of the real estate investment trust’s stock worth $2,028,000 after purchasing an additional 408 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of AvalonBay Communities by 3.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,776 shares of the real estate investment trust’s stock worth $1,752,000 after buying an additional 263 shares during the last quarter. Foundations Investment Advisors LLC acquired a new position in shares of AvalonBay Communities during the third quarter worth $210,000. Sequoia Financial Advisors LLC increased its holdings in shares of AvalonBay Communities by 6.3% during the third quarter. Sequoia Financial Advisors LLC now owns 2,321 shares of the real estate investment trust’s stock worth $523,000 after buying an additional 138 shares in the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of AvalonBay Communities by 15.3% in the 3rd quarter. Private Advisor Group LLC now owns 2,449 shares of the real estate investment trust’s stock valued at $552,000 after acquiring an additional 325 shares during the last quarter. Institutional investors and hedge funds own 92.61% of the company’s stock.

AvalonBay Communities Stock Performance

Shares of AVB opened at $218.78 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.68. The firm’s fifty day simple moving average is $218.76 and its two-hundred day simple moving average is $222.96. AvalonBay Communities, Inc. has a 12 month low of $172.85 and a 12 month high of $239.29. The stock has a market capitalization of $31.12 billion, a P/E ratio of 28.82, a price-to-earnings-growth ratio of 3.12 and a beta of 0.99.

AvalonBay Communities (NYSE:AVB) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.80 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%. As a group, analysts predict that AvalonBay Communities, Inc. will post 11.48 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 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 annualized dividend and a dividend yield of 3.20%. AvalonBay Communities’s dividend payout ratio (DPR) is 89.59%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AVB. Royal Bank of Canada boosted their price objective on AvalonBay Communities from $226.00 to $229.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. Morgan Stanley cut 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 report on Friday, January 24th. JPMorgan Chase & Co. upgraded shares of 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 report on Tuesday, December 17th. Scotiabank reduced their target price 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, Barclays dropped their price target on shares of AvalonBay Communities from $230.00 to $226.00 and set an “equal weight” rating for the company in a research note on Wednesday. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, AvalonBay Communities presently has an average rating of “Moderate Buy” and an average 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.