AvalonBay Communities, Inc. (AVB) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lessened its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 8.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 504,866 shares of the real estate investment trust’s stock after selling 48,587 shares during the quarter. Alliancebernstein L.P. owned about 0.37% of AvalonBay Communities worth $97,020,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of AVB. UBS Asset Management Americas Inc. increased its stake in shares of AvalonBay Communities by 8.1% during the first quarter. UBS Asset Management Americas Inc. now owns 813,392 shares of the real estate investment trust’s stock valued at $149,339,000 after acquiring an additional 61,121 shares during the period. British Columbia Investment Management Corp increased its stake in shares of AvalonBay Communities by 1.0% during the first quarter. British Columbia Investment Management Corp now owns 72,434 shares of the real estate investment trust’s stock valued at $13,299,000 after acquiring an additional 726 shares during the period. Meadow Creek Investment Management LLC increased its stake in shares of AvalonBay Communities by 4.9% during the first quarter. Meadow Creek Investment Management LLC now owns 13,748 shares of the real estate investment trust’s stock valued at $2,524,000 after acquiring an additional 644 shares during the period. Karp Capital Management Corp acquired a new position in shares of AvalonBay Communities during the first quarter valued at approximately $10,513,000. Finally, Sei Investments Co. increased its stake in shares of AvalonBay Communities by 8.4% during the first quarter. Sei Investments Co. now owns 323,249 shares of the real estate investment trust’s stock valued at $59,349,000 after acquiring an additional 25,103 shares during the period. Institutional investors and hedge funds own 97.54% of the company’s stock.

AvalonBay Communities, Inc. (AVB) opened at 188.55 on Tuesday. The firm’s 50-day moving average is $189.16 and its 200 day moving average is $188.97. The stock has a market capitalization of $25.97 billion, a PE ratio of 25.97 and a beta of 0.35. AvalonBay Communities, Inc. has a 52-week low of $158.32 and a 52-week high of $199.52.

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

A number of research analysts recently commented on AVB shares. BMO Capital Markets reiterated a “hold” rating and set a $191.00 price objective on shares of AvalonBay Communities in a research note on Thursday, May 25th. Deutsche Bank AG lowered shares of AvalonBay Communities from a “buy” rating to a “hold” rating and set a $193.00 price target on the stock. in a research report on Wednesday, May 17th. Royal Bank Of Canada restated a “buy” rating and issued a $203.00 price target on shares of AvalonBay Communities in a research report on Sunday, July 16th. BidaskClub lowered shares of AvalonBay Communities from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Argus began coverage on shares of AvalonBay Communities in a research report on Thursday, June 22nd. They issued a “buy” rating and a $220.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average 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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