American Century Companies Inc. lowered its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 28.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 330,036 shares of the real estate investment trust’s stock after selling 128,488 shares during the period. American Century Companies Inc. owned about 0.24% of AvalonBay Communities worth $63,423,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System raised its position in AvalonBay Communities by 3.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 209,983 shares of the real estate investment trust’s stock worth $38,553,000 after buying an additional 6,684 shares during the period. Tyers Asset Management LLC raised its position in shares of AvalonBay Communities by 4.9% in the first quarter. Tyers Asset Management LLC now owns 7,856 shares of the real estate investment trust’s stock valued at $1,442,000 after buying an additional 368 shares during the period. State Treasurer State of Michigan raised its position in shares of AvalonBay Communities by 0.4% in the first quarter. State Treasurer State of Michigan now owns 45,123 shares of the real estate investment trust’s stock valued at $8,285,000 after buying an additional 200 shares during the period. APG Asset Management N.V. raised its position in shares of AvalonBay Communities by 33.5% in the first quarter. APG Asset Management N.V. now owns 848,584 shares of the real estate investment trust’s stock valued at $155,800,000 after buying an additional 213,087 shares during the period. Finally, Commerzbank Aktiengesellschaft FI raised its position in shares of AvalonBay Communities by 37.8% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 9,120 shares of the real estate investment trust’s stock valued at $1,674,000 after buying an additional 2,501 shares during the period. Hedge funds and other institutional investors own 97.53% of the company’s stock.

AvalonBay Communities, Inc. (NYSE AVB) opened at 188.33 on Tuesday. The stock has a market cap of $25.94 billion, a PE ratio of 25.94 and a beta of 0.34. The company’s 50 day moving average is $189.50 and its 200 day moving average is $188.25. AvalonBay Communities, Inc. has a 12 month low of $158.32 and a 12 month high of $199.52.

AvalonBay Communities (NYSE:AVB) last issued 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 Thomson Reuters’ consensus estimate of $2.14 by $0.05. The business had revenue of $530.51 million for the quarter, compared to analyst estimates 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 in the prior year, the company posted $2.03 EPS. On average, analysts anticipate that AvalonBay Communities, Inc. will post $5.18 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece of content was published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The correct version of this piece of content can be read at https://www.watchlistnews.com/avalonbay-communities-inc-avb-position-lowered-by-american-century-companies-inc/1529269.html.

AVB has been the subject of several research reports. Argus initiated coverage on shares of AvalonBay Communities in a research report on Thursday, June 22nd. They issued a “buy” rating and a $220.00 target price for the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $203.00 target price on shares of AvalonBay Communities in a research report on Sunday, July 16th. Barclays PLC upped their target price 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 lowered shares of AvalonBay Communities from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $196.00 target price on shares of AvalonBay Communities in a research report on Tuesday, July 4th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $193.75.

In other news, insider William M. Mclaughlin sold 5,112 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $193.88, for a total transaction of $991,114.56. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.46% of the stock is currently owned by corporate 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.

Want to see what other hedge funds are holding AVB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AvalonBay Communities, Inc. (NYSE:AVB).

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

Receive News & Ratings for AvalonBay Communities Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AvalonBay Communities Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.