Scotia Capital Inc. lowered its stake in AvalonBay Communities, Inc. (NYSE:AVB) by 24.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,647 shares of the real estate investment trust’s stock after selling 1,198 shares during the period. Scotia Capital Inc.’s holdings in AvalonBay Communities were worth $701,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in AvalonBay Communities by 0.7% in the second quarter. Vanguard Group Inc. now owns 22,015,933 shares of the real estate investment trust’s stock worth $4,230,802,000 after acquiring an additional 158,436 shares in the last quarter. BlackRock Inc. grew its position in AvalonBay Communities by 1.1% in the second quarter. BlackRock Inc. now owns 14,559,192 shares of the real estate investment trust’s stock worth $2,797,838,000 after acquiring an additional 161,167 shares in the last quarter. FMR LLC grew its position in AvalonBay Communities by 22.2% in the second quarter. FMR LLC now owns 5,341,390 shares of the real estate investment trust’s stock worth $1,026,454,000 after acquiring an additional 969,095 shares in the last quarter. Principal Financial Group Inc. grew its position in AvalonBay Communities by 0.9% in the second quarter. Principal Financial Group Inc. now owns 2,793,421 shares of the real estate investment trust’s stock worth $536,811,000 after acquiring an additional 25,486 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in AvalonBay Communities by 7.3% in the second quarter. Daiwa Securities Group Inc. now owns 2,774,022 shares of the real estate investment trust’s stock worth $533,084,000 after purchasing an additional 188,396 shares during the last quarter. Institutional investors own 97.50% of the company’s stock.

AvalonBay Communities, Inc. (AVB) opened at 179.8201 on Monday. The stock has a market capitalization of $24.76 billion, a price-to-earnings ratio of 24.7652 and a beta of 0.36. AvalonBay Communities, Inc. has a one year low of $158.32 and a one year high of $199.52. The company’s 50-day moving average is $182.32 and its 200 day moving average is $188.47.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Thursday, September 28th. AvalonBay Communities’s dividend payout ratio (DPR) is 78.13%.

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Several analysts have issued reports on AVB shares. Goldman Sachs Group, Inc. (The) downgraded shares of AvalonBay Communities from a “buy” rating to a “neutral” rating and set a $196.00 price objective for the company. in a research note on Tuesday, September 5th. Royal Bank Of Canada reissued a “buy” rating and issued a $203.00 price objective on shares of AvalonBay Communities in a research note on Sunday, July 16th. BidaskClub downgraded shares of AvalonBay Communities from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Stifel Nicolaus reissued a “buy” rating and issued a $209.00 price objective on shares of AvalonBay Communities in a research note on Friday, September 1st. Finally, Argus started coverage on shares of AvalonBay Communities in a research note on Thursday, June 22nd. They issued a “buy” rating and a $220.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $196.00.

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.

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

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