People s United Financial Inc. trimmed its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 0.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 19,876 shares of the real estate investment trust’s stock after selling 12 shares during the period. People s United Financial Inc.’s holdings in AvalonBay Communities were worth $3,819,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Creative Planning lifted its holdings in shares of AvalonBay Communities by 0.4% during the second quarter. Creative Planning now owns 542 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 2 shares during the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of AvalonBay Communities by 546.9% during the first quarter. Perigon Wealth Management LLC now owns 1,035 shares of the real estate investment trust’s stock valued at $191,000 after purchasing an additional 875 shares during the last quarter. Eqis Capital Management Inc. purchased a new position in shares of AvalonBay Communities during the second quarter valued at approximately $201,000. Bbva Compass Bancshares Inc. purchased a new position in shares of AvalonBay Communities during the second quarter valued at approximately $206,000. Finally, West Oak Capital LLC lifted its holdings in shares of AvalonBay Communities by 5.7% during the second quarter. West Oak Capital LLC now owns 1,120 shares of the real estate investment trust’s stock valued at $215,000 after purchasing an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 97.52% of the company’s stock.

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

Shares of AvalonBay Communities, Inc. (NYSE AVB) traded down 0.10% during midday trading on Friday, reaching $178.42. 894,569 shares of the company’s stock were exchanged. AvalonBay Communities, Inc. has a one year low of $158.32 and a one year high of $199.52. The stock’s 50-day moving average is $187.92 and its 200 day moving average is $188.99. The firm has a market cap of $24.57 billion, a PE ratio of 24.57 and a beta of 0.35.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a $1.42 dividend. The ex-dividend date is Thursday, September 28th. This represents a $5.68 annualized dividend and a yield of 3.18%. AvalonBay Communities’s dividend payout ratio (DPR) is 78.13%.

AvalonBay Communities 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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