Kennedy Capital Management Inc. reduced its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 1.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 23,858 shares of the real estate investment trust’s stock after selling 376 shares during the quarter. Kennedy Capital Management Inc.’s holdings in AvalonBay Communities were worth $4,585,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of AvalonBay Communities by 1.9% during the 1st 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 acquiring an additional 406,218 shares during the last quarter. BlackRock Inc. boosted its position in shares of AvalonBay Communities by 2,676.8% during the 1st quarter. BlackRock Inc. now owns 14,398,025 shares of the real estate investment trust’s stock valued at $2,643,476,000 after acquiring an additional 13,879,505 shares during the last quarter. FMR LLC boosted its position in shares of AvalonBay Communities by 21.5% during the 1st quarter. FMR LLC now owns 4,372,295 shares of the real estate investment trust’s stock valued at $802,753,000 after acquiring an additional 773,410 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of AvalonBay Communities by 0.9% during the 2nd 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 acquiring an additional 25,486 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of AvalonBay Communities by 7.3% during the 2nd 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 acquiring an additional 188,396 shares during the last quarter. Hedge funds and other institutional investors own 97.54% of the company’s stock.

A number of analysts recently issued reports on the company. Barclays PLC raised their price target on AvalonBay Communities from $188.00 to $189.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 18th. BidaskClub upgraded AvalonBay Communities from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Jefferies Group LLC restated a “hold” rating and issued a $196.00 price target on shares of AvalonBay Communities in a research report on Tuesday, July 4th. Robert W. Baird restated a “buy” rating and issued a $202.00 price target on shares of AvalonBay Communities in a research report on Friday, September 1st. Finally, Stifel Nicolaus restated a “buy” rating and issued a $209.00 price target on shares of AvalonBay Communities in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. AvalonBay Communities currently has a consensus rating of “Hold” and an average target price of $195.47.

Shares of AvalonBay Communities, Inc. (AVB) opened at 183.77 on Friday. The company has a market capitalization of $25.31 billion, a P/E ratio of 25.31 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. The stock’s 50 day moving average price is $188.49 and its 200 day moving average price is $188.91.

AvalonBay Communities (NYSE:AVB) last announced its quarterly 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 business had revenue of $530.51 million during the quarter, compared to analyst estimates of $529.48 million. During the same period last year, the company earned $2.03 EPS. On average, equities research analysts forecast that AvalonBay Communities, Inc. will post $5.19 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Thursday, September 28th. AvalonBay Communities’s dividend payout ratio (DPR) is presently 78.13%.

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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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