Keybank National Association OH Buys 115 Shares of AvalonBay Communities Inc (NYSE:AVB)

Keybank National Association OH grew its holdings in shares of AvalonBay Communities Inc (NYSE:AVB) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,418 shares of the real estate investment trust’s stock after acquiring an additional 115 shares during the period. Keybank National Association OH’s holdings in AvalonBay Communities were worth $2,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. West Oak Capital LLC grew its position in shares of AvalonBay Communities by 5.6% during the 2nd quarter. West Oak Capital LLC now owns 945 shares of the real estate investment trust’s stock valued at $192,000 after acquiring an additional 50 shares during the period. Municipal Employees Retirement System of Michigan grew its position in shares of AvalonBay Communities by 2.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 1,920 shares of the real estate investment trust’s stock valued at $390,000 after acquiring an additional 50 shares during the period. 6 Meridian grew its position in shares of AvalonBay Communities by 2.0% during the 2nd quarter. 6 Meridian now owns 2,651 shares of the real estate investment trust’s stock valued at $539,000 after acquiring an additional 51 shares during the period. Cornerstone Advisors Inc. grew its position in shares of AvalonBay Communities by 85.5% during the 1st quarter. Cornerstone Advisors Inc. now owns 128 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 59 shares during the period. Finally, Hanson McClain Inc. grew its position in shares of AvalonBay Communities by 29.6% during the 1st quarter. Hanson McClain Inc. now owns 267 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 61 shares during the period. 91.88% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on AVB. ValuEngine downgraded shares of AvalonBay Communities from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Argus reissued a “buy” rating and set a $215.00 price objective on shares of AvalonBay Communities in a research report on Tuesday, April 30th. Citigroup upped their target price on shares of AvalonBay Communities from $205.00 to $210.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. KeyCorp upped their target price on shares of AvalonBay Communities from $212.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Finally, Mizuho downgraded shares of AvalonBay Communities from a “buy” rating to a “neutral” rating and set a $210.00 target price for the company. in a report on Wednesday, May 8th. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $210.31.

In other AvalonBay Communities news, EVP William M. Mclaughlin sold 2,500 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $209.07, for a total value of $522,675.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kevin P. O’shea sold 250 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $205.49, for a total transaction of $51,372.50. The disclosure for this sale can be found here. Insiders sold a total of 7,250 shares of company stock valued at $1,513,723 in the last ninety days. 0.42% of the stock is currently owned by insiders.

AvalonBay Communities stock traded up $1.91 during mid-day trading on Friday, hitting $206.33. The stock had a trading volume of 133,979 shares, compared to its average volume of 639,569. The firm has a market capitalization of $28.52 billion, a P/E ratio of 22.93, a P/E/G ratio of 3.76 and a beta of 0.53. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.70. The firm’s 50 day moving average is $206.99 and its 200 day moving average is $201.87. AvalonBay Communities Inc has a one year low of $167.01 and a one year high of $214.10.

AvalonBay Communities (NYSE:AVB) last issued its earnings results on Wednesday, July 31st. The real estate investment trust reported $1.21 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($1.10). The firm had revenue of $577.26 million during the quarter, compared to the consensus estimate of $572.69 million. AvalonBay Communities had a return on equity of 8.63% and a net margin of 41.83%. During the same period in the prior year, the company posted $2.23 EPS. As a group, equities research analysts forecast that AvalonBay Communities Inc will post 9.34 earnings per share for the current year.

AvalonBay Communities Profile

As of March 31, 2019, the Company owned or held a direct or indirect ownership interest in 291 apartment communities containing 85,313 apartment homes in 12 states and the District of Columbia, of which 19 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.

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

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