AvalonBay Communities, Inc. (AVB) Position Held by Uniplan Investment Counsel Inc.

Uniplan Investment Counsel Inc. maintained its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 249,306 shares of the real estate investment trust’s stock at the end of the second quarter. AvalonBay Communities makes up approximately 2.1% of Uniplan Investment Counsel Inc.’s portfolio, making the stock its 13th biggest position. Uniplan Investment Counsel Inc. owned about 0.18% of AvalonBay Communities worth $48,590,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in AvalonBay Communities by 1.9% during the first quarter. Vanguard Group Inc. now owns 21,857,497 shares of the real estate investment trust’s stock valued at $4,013,036,000 after buying an additional 406,218 shares in the last quarter. BlackRock Inc. raised its holdings in AvalonBay Communities by 2,676.8% during the first quarter. BlackRock Inc. now owns 14,398,025 shares of the real estate investment trust’s stock valued at $2,643,476,000 after buying an additional 13,879,505 shares in the last quarter. FMR LLC raised its holdings in AvalonBay Communities by 21.5% during the first quarter. FMR LLC now owns 4,372,295 shares of the real estate investment trust’s stock valued at $802,753,000 after buying an additional 773,410 shares in the last quarter. Principal Financial Group Inc. raised its holdings in AvalonBay Communities by 0.9% during the second quarter. Principal Financial Group Inc. now owns 2,793,421 shares of the real estate investment trust’s stock valued at $536,811,000 after buying an additional 25,486 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in AvalonBay Communities by 7.3% during the second quarter. Daiwa Securities Group Inc. now owns 2,774,022 shares of the real estate investment trust’s stock valued at $533,084,000 after buying an additional 188,396 shares in the last quarter. Institutional investors own 97.54% of the company’s stock.

AvalonBay Communities, Inc. (NYSE AVB) traded up 0.54% during midday trading on Monday, reaching $187.76. The company’s stock had a trading volume of 184,886 shares. AvalonBay Communities, Inc. has a 52 week low of $158.32 and a 52 week high of $199.52. The firm has a market cap of $25.86 billion, a P/E ratio of 25.86 and a beta of 0.35. The firm has a 50 day moving average price of $189.16 and a 200-day moving average price of $188.93.

AvalonBay Communities (NYSE:AVB) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $2.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.14 by $0.05. AvalonBay Communities had a return on equity of 9.88% and a net margin of 47.90%. The business had revenue of $530.51 million for the quarter, compared to analyst estimates of $529.48 million. During the same quarter in the previous year, the company earned $2.03 EPS. On average, analysts forecast that AvalonBay Communities, Inc. will post $5.19 earnings per share for the current fiscal year.

Several equities analysts have weighed in on AVB shares. Deutsche Bank AG lowered AvalonBay Communities from a “buy” rating to a “hold” rating and set a $193.00 target price on the stock. in a report on Wednesday, May 17th. BMO Capital Markets restated a “hold” rating and set a $191.00 target price on shares of AvalonBay Communities in a report on Thursday, May 25th. Argus started coverage on AvalonBay Communities in a report on Thursday, June 22nd. They set a “buy” rating and a $220.00 target price on the stock. Jefferies Group LLC restated a “hold” rating and set a $196.00 target price on shares of AvalonBay Communities in a report on Tuesday, July 4th. Finally, BidaskClub lowered AvalonBay Communities from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $195.47.

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AvalonBay Communities Company Profile

AvalonBay Communities, Inc is a real estate investment trust (REIT). The Company is focused on the development, redevelopment, acquisition, ownership and operation of multifamily communities primarily in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California.

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Institutional Ownership by Quarter for AvalonBay Communities (NYSE:AVB)

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