Investec Asset Management LTD lessened its holdings in AvalonBay Communities, Inc. (NYSE:AVB) by 3.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,019 shares of the real estate investment trust’s stock after selling 200 shares during the quarter. Investec Asset Management LTD’s holdings in AvalonBay Communities were worth $965,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in AVB. BlackRock Inc. boosted its position in shares of AvalonBay Communities by 2,676.8% in 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 acquiring an additional 13,879,505 shares during the period. FMR LLC boosted its position in shares of AvalonBay Communities by 21.5% in 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 acquiring an additional 773,410 shares during the period. Vanguard Group Inc. boosted its position in shares of AvalonBay Communities by 1.9% in 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 acquiring an additional 406,218 shares during the period. Harbour Capital Advisors LLC boosted its position in shares of AvalonBay Communities by 19,117.0% in the second quarter. Harbour Capital Advisors LLC now owns 329,572 shares of the real estate investment trust’s stock valued at $1,715,000 after acquiring an additional 327,857 shares during the period. Finally, PGGM Investments boosted its position in shares of AvalonBay Communities by 21.0% in the second quarter. PGGM Investments now owns 1,555,616 shares of the real estate investment trust’s stock valued at $298,943,000 after acquiring an additional 270,164 shares during the period. 97.52% of the stock is owned by institutional investors.

AvalonBay Communities, Inc. (AVB) opened at 179.81 on Friday. The stock has a 50 day moving average of $187.92 and a 200-day moving average of $188.99. AvalonBay Communities, Inc. has a 12-month low of $158.32 and a 12-month high of $199.52. The company has a market cap of $24.76 billion, a PE ratio of 24.76 and a beta of 0.35.

AvalonBay Communities (NYSE:AVB) last released its earnings results 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). The firm had revenue of $530.51 million during the quarter, compared to the consensus estimate of $529.48 million. AvalonBay Communities had a return on equity of 9.88% and a net margin of 47.90%. During the same quarter in the previous year, the firm earned $2.03 EPS. On average, equities research analysts anticipate that AvalonBay Communities, Inc. will post $5.19 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $1.42 dividend. The ex-dividend date is Thursday, September 28th. This represents a $5.68 dividend on an annualized basis and a yield of 3.16%. AvalonBay Communities’s payout ratio is 78.13%.

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Several equities research analysts recently weighed in on AVB shares. BidaskClub cut shares of AvalonBay Communities from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. BMO Capital Markets reaffirmed a “hold” rating and set a $191.00 price objective on shares of AvalonBay Communities in a research report on Wednesday, August 2nd. Deutsche Bank AG upped their price objective on shares of AvalonBay Communities from $193.00 to $195.00 and gave the stock a “hold” rating in a research report on Friday, August 18th. Goldman Sachs Group, Inc. (The) cut shares of AvalonBay Communities from a “buy” rating to a “neutral” rating and set a $196.00 price objective for the company. in a research report on Tuesday, September 5th. Finally, Argus started coverage on shares of AvalonBay Communities in a research report on Thursday, June 22nd. They set a “buy” rating and a $220.00 price objective for the company. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $195.47.

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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