BT Investment Management Ltd acquired a new position in AvalonBay Communities, Inc. (NYSE:AVB) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 50,036 shares of the real estate investment trust’s stock, valued at approximately $9,615,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Amalgamated Bank boosted its position in AvalonBay Communities by 61.1% in the 2nd quarter. Amalgamated Bank now owns 15,513 shares of the real estate investment trust’s stock worth $2,981,000 after purchasing an additional 5,881 shares in the last quarter. BlackRock Inc. boosted its position in AvalonBay Communities by 1.1% in the 2nd quarter. BlackRock Inc. now owns 14,559,192 shares of the real estate investment trust’s stock worth $2,797,838,000 after purchasing an additional 161,167 shares in the last quarter. Standard Life Investments LTD boosted its position in AvalonBay Communities by 15.2% in the 2nd quarter. Standard Life Investments LTD now owns 941,809 shares of the real estate investment trust’s stock worth $181,020,000 after purchasing an additional 124,441 shares in the last quarter. Norinchukin Bank The boosted its position in AvalonBay Communities by 7.1% in the 2nd quarter. Norinchukin Bank The now owns 9,561 shares of the real estate investment trust’s stock worth $1,837,000 after purchasing an additional 637 shares in the last quarter. Finally, FNY Partners Fund LP boosted its position in AvalonBay Communities by 4,400.0% in the 2nd quarter. FNY Partners Fund LP now owns 2,150 shares of the real estate investment trust’s stock worth $413,000 after purchasing an additional 2,200 shares in the last quarter. Institutional investors and hedge funds own 97.54% of the company’s stock.

Shares of AvalonBay Communities, Inc. (NYSE AVB) traded up 0.02% on Friday, reaching $183.77. The company’s stock had a trading volume of 1,318,370 shares. AvalonBay Communities, Inc. has a 1-year low of $158.32 and a 1-year high of $199.52. The stock has a market capitalization of $25.31 billion, a P/E ratio of 25.31 and a beta of 0.35. The company has a 50 day moving average of $188.49 and a 200 day moving average of $188.91.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $2.09 earnings per share 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 period in the prior year, the company earned $2.03 EPS. Equities research analysts expect that AvalonBay Communities, Inc. will post $5.19 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Thursday, September 28th. AvalonBay Communities’s dividend payout ratio is presently 78.13%.

Several equities research analysts have commented on AVB shares. BMO Capital Markets restated a “hold” rating and issued a $191.00 price objective on shares of AvalonBay Communities in a research report on Thursday, May 25th. Goldman Sachs Group, Inc. (The) lowered AvalonBay Communities from a “buy” rating to a “neutral” rating and set a $196.00 price objective on the stock. in a research report on Tuesday, September 5th. Royal Bank Of Canada restated a “buy” rating and issued a $203.00 price objective on shares of AvalonBay Communities in a research report on Sunday, July 16th. BidaskClub lowered AvalonBay Communities from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Argus started coverage on AvalonBay Communities in a research report on Thursday, June 22nd. They issued a “buy” rating and a $220.00 price objective on the stock. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $195.47.

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About AvalonBay Communities

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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