Neuberger Berman Group LLC trimmed its stake in AvalonBay Communities, Inc. (NYSE:AVB) by 92.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,103 shares of the real estate investment trust’s stock after selling 47,670 shares during the quarter. Neuberger Berman Group LLC’s holdings in AvalonBay Communities were worth $788,000 as of its most recent filing with the SEC.

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

AVB has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of AvalonBay Communities from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. BMO Capital Markets restated a “hold” rating and issued a $191.00 target price on shares of AvalonBay Communities in a report on Wednesday, August 2nd. Deutsche Bank AG boosted their target price on shares of AvalonBay Communities from $193.00 to $195.00 and gave the company a “hold” rating in a report on Friday, August 18th. 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 report on Tuesday, September 5th. Finally, Argus initiated coverage on shares of AvalonBay Communities in a report on Thursday, June 22nd. They issued a “buy” rating and a $220.00 target price for the company. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $195.47.

Shares of AvalonBay Communities, Inc. (NYSE:AVB) opened at 180.80 on Thursday. The firm’s 50-day moving average is $187.92 and its 200 day moving average is $188.99. The stock has a market capitalization of $24.90 billion, a P/E ratio of 24.90 and a beta of 0.35. AvalonBay Communities, Inc. has a 1-year low of $158.32 and a 1-year high of $199.52.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $2.09 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.05). The business had revenue of $530.51 million for the quarter, compared to the consensus estimate of $529.48 million. AvalonBay Communities had a net margin of 47.90% and a return on equity of 9.88%. During the same period in the previous year, the business posted $2.03 EPS. On average, analysts expect that AvalonBay Communities, Inc. will post $5.19 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Thursday, September 28th. AvalonBay Communities’s payout ratio is presently 78.13%.

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AvalonBay Communities 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.

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

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