AvalonBay Communities (AVB) Holdings Cut by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale trimmed its position in shares of AvalonBay Communities (NYSE:AVB) by 10.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,385 shares of the real estate investment trust’s stock after selling 874 shares during the period. DekaBank Deutsche Girozentrale’s holdings in AvalonBay Communities were worth $1,314,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in AvalonBay Communities by 0.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 58,450 shares of the real estate investment trust’s stock valued at $10,428,000 after acquiring an additional 329 shares during the period. Bartlett & Co. LLC boosted its holdings in AvalonBay Communities by 112.8% during the fourth quarter. Bartlett & Co. LLC now owns 681 shares of the real estate investment trust’s stock valued at $121,000 after acquiring an additional 361 shares during the period. Eqis Capital Management Inc. boosted its holdings in AvalonBay Communities by 29.1% during the fourth quarter. Eqis Capital Management Inc. now owns 1,624 shares of the real estate investment trust’s stock valued at $290,000 after acquiring an additional 366 shares during the period. Dupont Capital Management Corp boosted its holdings in AvalonBay Communities by 1.3% during the fourth quarter. Dupont Capital Management Corp now owns 36,646 shares of the real estate investment trust’s stock valued at $6,538,000 after acquiring an additional 479 shares during the period. Finally, Brown Advisory Inc. boosted its holdings in AvalonBay Communities by 2.5% during the fourth quarter. Brown Advisory Inc. now owns 22,040 shares of the real estate investment trust’s stock valued at $3,931,000 after acquiring an additional 547 shares during the period. Institutional investors own 95.85% of the company’s stock.

AvalonBay Communities opened at $158.52 on Friday, MarketBeat Ratings reports. AvalonBay Communities has a 12-month low of $159.59 and a 12-month high of $161.34. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market capitalization of $22.04 billion, a P/E ratio of 18.31, a price-to-earnings-growth ratio of 2.43 and a beta of 0.35.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings results on Wednesday, April 25th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.19 by ($1.16). AvalonBay Communities had a return on equity of 7.57% and a net margin of 35.62%. The business had revenue of $560.80 million during the quarter, compared to analyst estimates of $556.23 million. During the same period last year, the company earned $2.09 EPS. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. equities analysts predict that AvalonBay Communities will post 8.95 EPS for the current fiscal year.

AVB has been the subject of several research reports. Robert W. Baird set a $178.00 target price on shares of AvalonBay Communities and gave the company a “buy” rating in a research note on Friday, March 2nd. Argus reduced their target price on shares of AvalonBay Communities from $210.00 to $190.00 and set a “buy” rating for the company in a research note on Thursday, March 1st. SunTrust Banks set a $194.00 target price on shares of AvalonBay Communities and gave the company a “buy” rating in a research note on Monday, January 22nd. Stifel Nicolaus reiterated a “buy” rating and issued a $185.00 target price on shares of AvalonBay Communities in a research note on Friday, January 19th. Finally, Mizuho set a $185.00 target price on shares of AvalonBay Communities and gave the company a “buy” rating in a research note on Friday, February 9th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the stock. AvalonBay Communities presently has an average rating of “Hold” and an average price target of $188.94.

AvalonBay Communities Profile

As of December 31, 2017, the Company owned or held a direct or indirect ownership interest in 288 apartment communities containing 84,158 apartment homes in 12 states and the District of Columbia, of which 21 communities were under development and nine communities were under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas primarily in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and the Northern and Southern California regions of the United States.

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

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