Mutual of America Capital Management LLC increased its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 3.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,114 shares of the real estate investment trust’s stock after purchasing an additional 784 shares during the quarter. Mutual of America Capital Management LLC’s holdings in AvalonBay Communities were worth $4,442,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AVB. BlackRock Inc. lifted its stake in 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 during the last quarter. FMR LLC lifted its stake in 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 during the last quarter. Vanguard Group Inc. lifted its stake in 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 during the last quarter. Harbour Capital Advisors LLC lifted its stake in 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 during the last quarter. Finally, PGGM Investments lifted its stake in 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 during the last quarter. Hedge funds and other institutional investors own 97.52% of the company’s stock.

Several equities analysts recently issued reports on the company. Argus started coverage on AvalonBay Communities in a research note on Thursday, June 22nd. They set a “buy” rating and a $220.00 price objective on the stock. Jefferies Group LLC reiterated a “hold” rating and issued a $196.00 target price on shares of AvalonBay Communities in a research note on Tuesday, July 4th. BidaskClub upgraded AvalonBay Communities from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. BMO Capital Markets reiterated a “hold” rating and issued a $191.00 target price on shares of AvalonBay Communities in a research note on Wednesday, August 2nd. Finally, Deutsche Bank AG raised their target price on AvalonBay Communities from $193.00 to $195.00 and gave the company a “hold” rating in a research note on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $195.47.

AvalonBay Communities, Inc. (NYSE:AVB) opened at 178.52 on Friday. AvalonBay Communities, Inc. has a 52 week low of $158.32 and a 52 week high of $199.52. The stock has a market cap of $24.58 billion, a PE ratio of 24.59 and a beta of 0.35. The company has a 50-day moving average price of $187.92 and a 200-day moving average price of $188.99.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $2.09 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.05). The company had revenue of $530.51 million during 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 quarter in the prior year, the company posted $2.03 EPS. Analysts anticipate that AvalonBay Communities, Inc. will post $5.19 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a $1.42 dividend. The ex-dividend date is Thursday, September 28th. This represents a $5.68 annualized dividend and a dividend yield of 3.18%. AvalonBay Communities’s dividend payout ratio (DPR) is currently 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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