Kemper Corp Master Retirement Trust decreased its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 8.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,228 shares of the real estate investment trust’s stock after selling 475 shares during the quarter. Kemper Corp Master Retirement Trust’s holdings in AvalonBay Communities were worth $1,005,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Creative Planning grew its position in shares of AvalonBay Communities by 0.4% during the 2nd quarter. Creative Planning now owns 542 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 2 shares in the last quarter. Perigon Wealth Management LLC grew its position in shares of AvalonBay Communities by 546.9% during the 1st quarter. Perigon Wealth Management LLC now owns 1,035 shares of the real estate investment trust’s stock worth $191,000 after buying an additional 875 shares in the last quarter. Eqis Capital Management Inc. bought a new position in shares of AvalonBay Communities during the 2nd quarter worth $201,000. Bbva Compass Bancshares Inc. bought a new position in shares of AvalonBay Communities during the 2nd quarter worth $206,000. Finally, West Oak Capital LLC grew its position in shares of AvalonBay Communities by 5.7% during the 2nd quarter. West Oak Capital LLC now owns 1,120 shares of the real estate investment trust’s stock worth $215,000 after buying an additional 60 shares in the last quarter. 97.52% of the stock is currently owned by institutional investors and hedge funds.

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AvalonBay Communities, Inc. (NYSE:AVB) traded down 0.85% during midday trading on Friday, reaching $178.90. The company’s stock had a trading volume of 651,107 shares. The stock’s 50-day moving average price is $183.90 and its 200 day moving average price is $188.63. AvalonBay Communities, Inc. has a 1-year low of $158.32 and a 1-year high of $199.52. The firm has a market capitalization of $24.64 billion, a PE ratio of 24.64 and a beta of 0.36.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $2.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.14 by ($0.05). The business had revenue of $530.51 million for the quarter, compared to analysts’ expectations 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 last year, the firm earned $2.03 earnings per share. Equities analysts anticipate that AvalonBay Communities, Inc. will post $5.19 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders 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 3.17%. The ex-dividend date is Thursday, September 28th. AvalonBay Communities’s dividend payout ratio (DPR) is 78.13%.

A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada reissued a “buy” rating and set a $203.00 price target on shares of AvalonBay Communities in a research report on Sunday, July 16th. Argus assumed coverage on AvalonBay Communities in a research report on Thursday, June 22nd. They set a “buy” rating and a $220.00 price target on the stock. BidaskClub raised AvalonBay Communities from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. KeyCorp reissued a “hold” rating on shares of AvalonBay Communities in a research report on Sunday, September 24th. Finally, Evercore ISI raised AvalonBay Communities from an “in-line” rating to an “outperform” rating and set a $194.00 price target on the stock in a research report on Monday, September 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. AvalonBay Communities has a consensus rating of “Hold” and an average price target of $196.00.

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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