Sarasin & Partners LLP, a prominent institutional investor, has reported a decrease in its stake in shares of AvalonBay Communities, Inc. According to the company’s recent Form 13F filing with the Securities & Exchange Commission (SEC), Sarasin & Partners LLP reduced its ownership by 2.7% during the second quarter of this year.
The filing reveals that Sarasin & Partners LLP currently holds 36,555 shares of AvalonBay Communities’ stock, effectively selling 996 shares during the mentioned period. The value of the institutional investor’s holdings in the real estate investment trust at the end of the second quarter amounted to $6,919,000.
AvalonBay Communities is an established real estate investment trust specializing in developing, acquiring, and managing multifamily properties. With a diverse portfolio across key markets in the United States, it has garnered attention from various investors.
In addition to reporting this reduction in stake, it was announced that AvalonBay Communities declared a quarterly dividend recently. This dividend will be paid on Monday, October 16th and amounts to $1.65 per share. Shareholders of record as of Friday, September 29th will be eligible for this payout.
The annualized basis for this dividend is $6.60 per share which translates to a dividend yield of approximately 3.59%. It should be noted that Thursday, September 28th is marked as the ex-dividend date.
At present, AvalonBay Communities boasts a dividend payout ratio (DPR) of approximately 74.24%. This ratio indicates the percentage of earnings that are distributed to shareholders in the form of dividends.
As investors analyze these developments reflected in Sarasin & Partners LLP’s recent filing and AvalonBay Communities’ dividend declaration, it becomes apparent that careful deliberation is required before making any investment decisions regarding AVB stock.
Investors should consider all available information including financial performance, market trends, and the company’s long-term strategies. This information can be obtained through various research platforms.
Overall, these recent updates provide useful insights for investors seeking to evaluate AvalonBay Communities and make informed investment decisions. The dividend payout and Sarasin & Partners LLP’s stake reduction are factors that may influence the valuation of AVB stock, meriting close attention from prospective investors.
In conclusion, the reported decrease in Sarasin & Partners LLP’s stake in AvalonBay Communities, Inc. coupled with the company’s recent dividend declaration has garnered investor interest. Those analyzing this information should carefully consider all available data before making any investment decisions.
Updated on: 03/12/2023
Debt to equity ratio: Neutral
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
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Investor Interest and Analyst Ratings: AvalonBay Communities Sees Attention from Large Investors
AvalonBay Communities (NYSE: AVB) has recently attracted attention from numerous large investors, who have either increased or decreased their stakes in the real estate investment trust (REIT). BlackRock Inc., for instance, boosted its holdings in AvalonBay Communities by 4.2% during the first quarter of this year. The investment firm now owns 15,654,737 shares of the company’s stock, amounting to a value of $2,630,935,000 after purchasing an additional 625,179 shares in the last quarter.
Similarly, State Street Corp increased its stake in AvalonBay Communities by 5.6% during the first quarter and currently holds 10,087,597 shares worth $1,711,547,000 after additionally acquiring 531,677 shares. Norges Bank also acquired a new position in AvalonBay Communities during Q4 of last year with a value of $1,001,550,000.
JPMorgan Chase & Co. displayed significant support for AvalonBay Communities with an acquisition of an additional 759,388 shares during the first quarter. This brought their total holdings to 4,863,429 shares valued at $817,348,000. Principal Financial Group Inc., on the other hand increased its stakes by only 0.3% after purchasing an extra 12,865 shares bringing their total holdings to approximately 4.86 million shares worth $817.1 million.
Interestingly enough,the majority ownership of AvalonBay Communities is held by institutional investors and hedge funds which account for approximately 88.71% of the company’s stock.
Several recent research reports have analyzed and assessed AvalonBay Communities’ performance and potential future growth prospects.The company received a “hold” rating from StockNews.com following coverage initiated on August 17th.A notable upgrade came from Colliers Securities which moved their rating from neutral to buy and set a price target of $202 for the company.In addition, Barclays raised its price target from $186.00 to $195.00, KeyCorp increased theirs to $205.00 while Wells Fargo & Company downgraded their target from $201.00 to $192.00 all according to Bloomberg.com, ultimately delivering a consensus rating of “Hold” with a consensus target price of $196.82.
As of September 17, 2023, AvalonBay Communities opened at $183.89 on the NYSE (New York Stock Exchange). The stock has seen fluctuations over the past year, ranging from a low of $153.07 to a high of $202.36. With a market cap of $26.12 billion and a P/E ratio of 20.69, the company presents itself as an interesting investment opportunity for many.
On August 1st, AvalonBay Communities released its quarterly earnings results showing an EPS (earnings per share) of $2.59 for the quarter, slightly below analysts’ consensus estimates which stood at ($0.01). Despite this slight miss in expectations wholesale jerseys ,the REIT achieved a return on equity of 11.01% and attained a net margin of 46.32%. The company reported revenue totaling $690.86 million for the quarter compared to market expectations which averaged around $675 buildandredirected link
With all these factors in mind, sell-side analysts anticipate that AvalonBay Communities will post earnings per share figures amounting to approximately 10$ notconsumme?,predicted figure/ projection?in the current year.