Voya Investment Management LLC lowered its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 2.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,215 shares of the real estate investment trust’s stock after selling 1,825 shares during the quarter. Voya Investment Management LLC owned approximately 0.05% of AvalonBay Communities worth $14,454,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AVB. Martingale Asset Management L P boosted its position in AvalonBay Communities by 127.7% during the first quarter. Martingale Asset Management L P now owns 5,313 shares of the real estate investment trust’s stock worth $976,000 after purchasing an additional 2,980 shares in the last quarter. Stifel Financial Corp boosted its position in AvalonBay Communities by 4.6% during the first quarter. Stifel Financial Corp now owns 6,185 shares of the real estate investment trust’s stock worth $1,135,000 after purchasing an additional 270 shares in the last quarter. BB&T Securities LLC boosted its position in AvalonBay Communities by 0.5% during the first quarter. BB&T Securities LLC now owns 3,508 shares of the real estate investment trust’s stock worth $644,000 after purchasing an additional 16 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in AvalonBay Communities by 1.4% during the first quarter. Municipal Employees Retirement System of Michigan now owns 4,430 shares of the real estate investment trust’s stock worth $813,000 after purchasing an additional 60 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in AvalonBay Communities by 0.6% during the first quarter. California Public Employees Retirement System now owns 290,396 shares of the real estate investment trust’s stock worth $53,317,000 after purchasing an additional 1,700 shares in the last quarter. Institutional investors own 97.52% of the company’s stock.

AVB has been the topic of a number of recent analyst reports. Robert W. Baird reiterated a “buy” rating and set a $202.00 price target on shares of AvalonBay Communities in a research report on Friday, September 1st. Stifel Nicolaus restated a “buy” rating and issued a $209.00 target price on shares of AvalonBay Communities in a research report on Friday, September 1st. Royal Bank Of Canada restated a “buy” rating and issued a $203.00 target price on shares of AvalonBay Communities in a research report on Sunday, July 16th. Argus started coverage on AvalonBay Communities in a research report on Thursday, June 22nd. They issued a “buy” rating and a $220.00 target price on the stock. Finally, Barclays PLC raised their target price on AvalonBay Communities from $188.00 to $189.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. AvalonBay Communities currently has a consensus rating of “Hold” and an average target price of $196.00.

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AvalonBay Communities, Inc. (NYSE:AVB) opened at 180.00 on Thursday. AvalonBay Communities, Inc. has a 12 month low of $158.32 and a 12 month high of $199.52. The company’s 50-day moving average price is $184.53 and its 200-day moving average price is $188.74. The stock has a market cap of $24.79 billion, a P/E ratio of 24.79 and a beta of 0.36.

AvalonBay Communities (NYSE:AVB) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $2.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.05). AvalonBay Communities had a net margin of 47.90% and a return on equity of 9.88%. The company had revenue of $530.51 million during the quarter, compared to analysts’ expectations of $529.48 million. During the same period in the previous year, the company posted $2.03 EPS. Equities analysts forecast that AvalonBay Communities, Inc. will post $5.19 earnings per share for the current year.

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

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.

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

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