Axa increased its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 7.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 111,799 shares of the real estate investment trust’s stock after purchasing an additional 7,981 shares during the quarter. Axa owned 0.08% of AvalonBay Communities worth $21,485,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Creative Planning lifted its stake in AvalonBay Communities by 0.4% during the second quarter. Creative Planning now owns 542 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 2 shares during the last quarter. Muzinich & Co. Inc. lifted its stake in AvalonBay Communities by 104.0% during the first quarter. Muzinich & Co. Inc. now owns 665 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 339 shares during the last quarter. Perigon Wealth Management LLC lifted its stake in AvalonBay Communities by 546.9% during the first quarter. Perigon Wealth Management LLC now owns 1,035 shares of the real estate investment trust’s stock worth $191,000 after purchasing an additional 875 shares during the last quarter. Eqis Capital Management Inc. bought a new position in AvalonBay Communities during the second quarter worth $201,000. Finally, Bbva Compass Bancshares Inc. bought a new position in AvalonBay Communities during the second quarter worth $206,000. Hedge funds and other institutional investors own 97.54% of the company’s stock.

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AvalonBay Communities, Inc. (NYSE:AVB) opened at 186.76 on Friday. AvalonBay Communities, Inc. has a one year low of $158.32 and a one year high of $199.52. The stock’s 50 day moving average price is $189.21 and its 200-day moving average price is $188.81. The firm has a market capitalization of $25.72 billion, a price-to-earnings ratio of 25.72 and a beta of 0.35.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $2.09 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by $0.05. The business had revenue of $530.51 million during the quarter, compared to analyst estimates of $529.48 million. AvalonBay Communities had a return on equity of 9.88% and a net margin of 47.90%. During the same period in the prior year, the firm posted $2.03 EPS. On average, equities research analysts anticipate that AvalonBay Communities, Inc. will post $5.18 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on the company. Goldman Sachs Group, Inc. (The) cut AvalonBay Communities from a “buy” rating to a “neutral” rating and set a $196.00 price objective on the stock. in a research note on Tuesday, September 5th. Robert W. Baird restated a “buy” rating and set a $202.00 price objective on shares of AvalonBay Communities in a research note on Friday, September 1st. Stifel Nicolaus restated a “buy” rating and set a $209.00 price objective on shares of AvalonBay Communities in a research note on Friday, September 1st. Deutsche Bank AG increased their target price on AvalonBay Communities from $193.00 to $195.00 and gave the stock a “hold” rating in a research report on Friday, August 18th. Finally, BidaskClub lowered AvalonBay Communities from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. AvalonBay Communities presently has a consensus rating of “Hold” and an average price target of $195.47.

AvalonBay Communities 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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