Schroder Investment Management Group Has $7.60 Million Position in AvalonBay Communities, Inc. (AVB)

Schroder Investment Management Group lowered its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 79.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,604 shares of the real estate investment trust’s stock after selling 155,125 shares during the period. Schroder Investment Management Group’s holdings in AvalonBay Communities were worth $7,604,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of AVB. BlackRock Inc. grew its stake in shares of AvalonBay Communities by 2,676.8% during the first quarter. BlackRock Inc. now owns 14,398,025 shares of the real estate investment trust’s stock worth $2,643,476,000 after purchasing an additional 13,879,505 shares in the last quarter. FMR LLC grew its stake in shares of AvalonBay Communities by 21.5% during the first quarter. FMR LLC now owns 4,372,295 shares of the real estate investment trust’s stock worth $802,753,000 after purchasing an additional 773,410 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of AvalonBay Communities by 1.9% during the first quarter. Vanguard Group Inc. now owns 21,857,497 shares of the real estate investment trust’s stock worth $4,013,036,000 after purchasing an additional 406,218 shares in the last quarter. Harbour Capital Advisors LLC grew its stake in shares of AvalonBay Communities by 19,117.0% during the second quarter. Harbour Capital Advisors LLC now owns 329,572 shares of the real estate investment trust’s stock worth $1,715,000 after purchasing an additional 327,857 shares in the last quarter. Finally, PGGM Investments grew its stake in shares of AvalonBay Communities by 21.0% during the second quarter. PGGM Investments now owns 1,555,616 shares of the real estate investment trust’s stock worth $298,943,000 after purchasing an additional 270,164 shares in the last quarter. Hedge funds and other institutional investors own 97.52% of the company’s stock.

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Shares of AvalonBay Communities, Inc. (NYSE AVB) opened at 183.77 on Monday. AvalonBay Communities, Inc. has a one year low of $158.32 and a one year high of $199.52. The stock has a 50 day moving average of $188.49 and a 200-day moving average of $188.91. The stock has a market capitalization of $25.31 billion, a PE ratio of 25.31 and a beta of 0.35.

AvalonBay Communities (NYSE:AVB) last posted 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 Zacks’ 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 during the quarter, compared to the consensus estimate of $529.48 million. During the same quarter in the previous year, the business posted $2.03 earnings per share. Equities analysts predict that AvalonBay Communities, Inc. will post $5.19 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be given a $1.42 dividend. The ex-dividend date is Thursday, September 28th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.09%. AvalonBay Communities’s payout ratio is currently 78.13%.

A number of equities analysts recently commented on the stock. Goldman Sachs Group, Inc. (The) downgraded shares of AvalonBay Communities from a “buy” rating to a “neutral” rating and set a $196.00 target price for the company. in a research note on Tuesday, September 5th. Robert W. Baird reiterated a “buy” rating and set a $202.00 target price on shares of AvalonBay Communities in a research note on Friday, September 1st. Stifel Nicolaus reiterated a “buy” rating and set a $209.00 target price on shares of AvalonBay Communities in a research note on Friday, September 1st. Deutsche Bank AG boosted their target price on shares of AvalonBay Communities from $193.00 to $195.00 and gave the stock a “hold” rating in a research note on Friday, August 18th. Finally, BidaskClub downgraded shares of AvalonBay Communities from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. AvalonBay Communities presently has an average rating of “Hold” and an average price target of $195.47.

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.

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

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