Investors sold shares of AvalonBay Communities Inc. (NYSE:AVB) on strength during trading hours on Friday. $36.09 million flowed into the stock on the tick-up and $51.12 million flowed out of the stock on the tick-down, for a money net flow of $15.03 million out of the stock. Of all equities tracked, AvalonBay Communities had the 0th highest net out-flow for the day. AvalonBay Communities traded up $1.32 for the day and closed at $185.32

A number of equities analysts recently commented on the stock. Evercore ISI downgraded shares of AvalonBay Communities from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $189.00 to $187.00 in a research note on Friday, July 15th. KeyCorp downgraded shares of AvalonBay Communities to an “overweight” rating in a research note on Friday, July 15th. Evercore Partners Inc. reaffirmed a “hold” rating on shares of AvalonBay Communities in a report on Friday, July 15th. Zacks Investment Research raised shares of AvalonBay Communities from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a report on Monday, July 18th. Finally, Royal Bank Of Canada lifted their price target on shares of AvalonBay Communities from $196.00 to $198.00 and gave the stock an “outperform” rating in a report on Tuesday, May 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. AvalonBay Communities presently has a consensus rating of “Hold” and a consensus price target of $194.50.

The firm has a market capitalization of $25.42 billion and a P/E ratio of 32.57. The stock’s 50-day moving average price is $177.86 and its 200-day moving average price is $178.98.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings data on Wednesday, April 27th. The real estate investment trust reported $2.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.03 by $0.04. The firm earned $508.49 million during the quarter, compared to analyst estimates of $484.23 million. AvalonBay Communities’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.88 earnings per share. Analysts anticipate that AvalonBay Communities Inc. will post $8.36 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were issued a $1.35 dividend. The ex-dividend date was Tuesday, June 28th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.91%.

In other news, SVP Keri A. Shea sold 3,808 shares of the firm’s stock in a transaction on Friday, May 6th. The shares were sold at an average price of $184.55, for a total value of $702,766.40. Following the sale, the senior vice president now directly owns 7,959 shares in the company, valued at approximately $1,468,833.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy J. Naughton sold 59,340 shares of the firm’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $190.99, for a total transaction of $11,333,346.60. Following the completion of the sale, the chief executive officer now owns 148,798 shares in the company, valued at $28,418,930.02. The disclosure for this sale can be found here.

Several large investors have recently made changes to their positions in AVB. Aberdeen Asset Management PLC UK raised its stake in shares of AvalonBay Communities by 1.9% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 242,124 shares of the real estate investment trust’s stock worth $44,742,000 after buying an additional 4,628 shares during the last quarter. Twin Capital Management Inc. increased its position in AvalonBay Communities by 0.5% in the fourth quarter. Twin Capital Management Inc. now owns 17,660 shares of the real estate investment trust’s stock worth $3,252,000 after buying an additional 90 shares during the period. GAM Holding AG increased its position in AvalonBay Communities by 42.1% in the fourth quarter. GAM Holding AG now owns 7,739 shares of the real estate investment trust’s stock worth $1,425,000 after buying an additional 2,291 shares during the period. Mutual of America Capital Management LLC increased its position in AvalonBay Communities by 2.8% in the fourth quarter. Mutual of America Capital Management LLC now owns 15,185 shares of the real estate investment trust’s stock worth $2,796,000 after buying an additional 417 shares during the period. Finally, FineMark National Bank & Trust increased its position in AvalonBay Communities by 33.9% in the fourth quarter. FineMark National Bank & Trust now owns 13,414 shares of the real estate investment trust’s stock worth $2,470,000 after buying an additional 3,398 shares during the period.

AvalonBay Communities, Inc is a real estate investment trust. The Company focuses 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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