Beck Mack & Oliver LLC maintained its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,237 shares of the real estate investment trust’s stock at the end of the second quarter. Beck Mack & Oliver LLC’s holdings in AvalonBay Communities were worth $238,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board increased its position in AvalonBay Communities by 129.0% in the first quarter. Canada Pension Plan Investment Board now owns 157,047 shares of the real estate investment trust’s stock worth $28,834,000 after buying an additional 88,475 shares during the period. Whittier Trust Co. increased its position in AvalonBay Communities by 2.8% in the first quarter. Whittier Trust Co. now owns 1,144 shares of the real estate investment trust’s stock worth $210,000 after buying an additional 31 shares during the period. Norinchukin Bank The increased its position in AvalonBay Communities by 7.1% in the first quarter. Norinchukin Bank The now owns 8,924 shares of the real estate investment trust’s stock worth $1,638,000 after buying an additional 593 shares during the period. Karp Capital Management Corp purchased a new position in AvalonBay Communities during the first quarter worth about $10,513,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in AvalonBay Communities by 29.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,187 shares of the real estate investment trust’s stock worth $1,870,000 after buying an additional 2,315 shares during the period. Institutional investors and hedge funds own 97.89% of the company’s stock.
Shares of AvalonBay Communities, Inc. (NYSE:AVB) traded down 0.73% on Friday, reaching $188.99. The company’s stock had a trading volume of 577,316 shares. The firm has a 50 day moving average price of $189.80 and a 200-day moving average price of $187.68. The stock has a market cap of $26.03 billion, a PE ratio of 26.03 and a beta of 0.34. AvalonBay Communities, Inc. has a 12-month low of $158.32 and a 12-month high of $199.52.
AvalonBay Communities (NYSE:AVB) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $2.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 quarter in the previous year, the firm posted $2.03 EPS. Equities research analysts expect that AvalonBay Communities, Inc. will post $5.26 EPS for the current year.
AVB has been the subject of a number of research reports. BidaskClub downgraded AvalonBay Communities from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Barclays PLC raised their price target on AvalonBay Communities from $188.00 to $189.00 and gave the company an “equal weight” rating in a report on Tuesday, July 18th. Jefferies Group LLC restated a “hold” rating and set a $196.00 price target on shares of AvalonBay Communities in a report on Tuesday, July 4th. BMO Capital Markets restated a “hold” rating and set a $191.00 price target on shares of AvalonBay Communities in a report on Wednesday, August 2nd. Finally, Argus started coverage on AvalonBay Communities in a report on Thursday, June 22nd. They set a “buy” rating and a $220.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $193.75.
In other AvalonBay Communities news, insider William M. Mclaughlin sold 5,112 shares of the business’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 transaction of $991,114.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.53% of the company’s stock.
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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