American Trust Investment Advisors LLC Takes Position in AvalonBay Communities, Inc. (NYSE:AVB)

American Trust Investment Advisors LLC acquired a new position in AvalonBay Communities, Inc. (NYSE:AVB) during the second quarter, according to its most recent filing with the SEC. The firm acquired 1,133 shares of the real estate investment trust’s stock, valued at approximately $218,000.

Other institutional investors have also added to or reduced their stakes in the company. Hexavest Inc. increased its position in AvalonBay Communities by 5.6% in the first quarter. Hexavest Inc. now owns 159,855 shares of the real estate investment trust’s stock worth $29,349,000 after buying an additional 8,459 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in AvalonBay Communities by 8.6% in the first quarter. State of Alaska Department of Revenue now owns 54,419 shares of the real estate investment trust’s stock worth $9,990,000 after buying an additional 4,297 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in AvalonBay Communities by 17.9% in the first quarter. Nisa Investment Advisors LLC now owns 50,902 shares of the real estate investment trust’s stock worth $9,346,000 after buying an additional 7,730 shares during the last quarter. Duff & Phelps Investment Management Co. boosted its stake in AvalonBay Communities by 11.1% in the first quarter. Duff & Phelps Investment Management Co. now owns 410,401 shares of the real estate investment trust’s stock worth $75,350,000 after buying an additional 41,070 shares during the last quarter. Finally, DnB Asset Management AS boosted its stake in AvalonBay Communities by 17.9% in the first quarter. DnB Asset Management AS now owns 14,478 shares of the real estate investment trust’s stock worth $2,658,000 after buying an additional 2,200 shares during the last quarter. 97.89% of the stock is owned by hedge funds and other institutional investors.

AvalonBay Communities, Inc. (NYSE AVB) traded down 0.73% during midday trading on Friday, reaching $188.99. The company had a trading volume of 577,316 shares. AvalonBay Communities, Inc. has a 52-week low of $158.32 and a 52-week high of $199.52. The company has a market cap of $26.03 billion, a PE ratio of 26.03 and a beta of 0.34. The company’s 50-day moving average is $189.80 and its 200 day moving average is $187.68.

AvalonBay Communities (NYSE:AVB) last posted its quarterly 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 company had revenue of $530.51 million during the quarter, compared to the consensus estimate of $529.48 million. AvalonBay Communities had a net margin of 47.90% and a return on equity of 9.88%. During the same quarter in the prior year, the business earned $2.03 earnings per share. On average, equities research analysts forecast that AvalonBay Communities, Inc. will post $5.26 EPS for the current year.

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Several equities research analysts have commented on AVB shares. Deutsche Bank AG cut shares of AvalonBay Communities from a “buy” rating to a “hold” rating and set a $193.00 price target on the stock. in a research report on Wednesday, May 17th. Barclays PLC boosted their price target on shares of 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 raised AvalonBay Communities from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Jefferies Group LLC reissued a “hold” rating and issued a $196.00 price target on shares of AvalonBay Communities in a research note on Tuesday, July 4th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $203.00 price target on shares of AvalonBay Communities in a research note on Sunday, July 16th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $193.75.

In other AvalonBay Communities news, insider William M. Mclaughlin sold 5,112 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $193.88, for a total value of $991,114.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.53% of the stock is owned by company insiders.

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.

Institutional Ownership by Quarter for AvalonBay Communities (NYSE:AVB)

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