Savant Capital LLC raised its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 4.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,140 shares of the real estate investment trust’s stock after buying an additional 50 shares during the period. Savant Capital LLC’s holdings in AvalonBay Communities were worth $219,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Capstone Asset Management Co. increased its position in AvalonBay Communities by 3.0% in the first quarter. Capstone Asset Management Co. now owns 16,591 shares of the real estate investment trust’s stock worth $3,046,000 after buying an additional 486 shares in the last quarter. DnB Asset Management AS increased its position 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 in the last quarter. Duff & Phelps Investment Management Co. increased its position 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 in the last quarter. Nisa Investment Advisors LLC increased its position 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 in the last quarter. Finally, State of Alaska Department of Revenue increased its position 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 in the last quarter. Institutional investors own 97.89% of the company’s stock.

Shares of AvalonBay Communities, Inc. (NYSE AVB) opened at 192.07 on Wednesday. The stock’s 50 day moving average is $189.99 and its 200-day moving average is $187.51. The stock has a market cap of $26.45 billion, a PE ratio of 26.45 and a beta of 0.34. AvalonBay Communities, Inc. has a 1-year low of $158.32 and a 1-year high of $199.52.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $2.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 analyst estimates of $529.48 million. During the same quarter last year, the business earned $2.03 EPS. On average, analysts predict that AvalonBay Communities, Inc. will post $5.19 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were paid a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend was Wednesday, June 28th. AvalonBay Communities’s dividend payout ratio (DPR) is 78.13%.

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AVB has been the subject of a number of research reports. JMP Securities downgraded shares of AvalonBay Communities from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 19th. They noted that the move was a valuation call. Barclays PLC upped their price objective on shares of AvalonBay Communities from $174.00 to $188.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 19th. Evercore ISI decreased their price objective on shares of AvalonBay Communities from $188.00 to $186.00 and set an “in-line” rating for the company in a research report on Wednesday, April 19th. Jefferies Group LLC reiterated a “hold” rating and issued a $196.00 price objective on shares of AvalonBay Communities in a research report on Monday, April 24th. Finally, BTIG Research upped their price objective on shares of AvalonBay Communities from $191.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, April 24th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. AvalonBay Communities presently has a consensus rating of “Hold” and a consensus target price of $193.58.

In related news, insider William M. Mclaughlin sold 5,112 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $193.88, for a total value of $991,114.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.53% of the stock is owned by company insiders.

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

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