Trillium Asset Management LLC lessened its stake in AvalonBay Communities Inc (NYSE:AVB) by 0.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 66,331 shares of the real estate investment trust’s stock after selling 174 shares during the quarter. Trillium Asset Management LLC’s holdings in AvalonBay Communities were worth $13,315,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brown Advisory Securities LLC boosted its holdings in shares of AvalonBay Communities by 1.6% in the 4th quarter. Brown Advisory Securities LLC now owns 3,323 shares of the real estate investment trust’s stock valued at $563,000 after buying an additional 53 shares during the last quarter. M&T Bank Corp lifted its holdings in AvalonBay Communities by 0.5% during the 4th quarter. M&T Bank Corp now owns 11,665 shares of the real estate investment trust’s stock valued at $2,031,000 after purchasing an additional 54 shares during the last quarter. LPL Financial LLC lifted its holdings in AvalonBay Communities by 1.1% during the 4th quarter. LPL Financial LLC now owns 5,057 shares of the real estate investment trust’s stock valued at $880,000 after purchasing an additional 56 shares during the last quarter. San Francisco Sentry Investment Group CA lifted its holdings in AvalonBay Communities by 9.9% during the 4th quarter. San Francisco Sentry Investment Group CA now owns 644 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 58 shares during the last quarter. Finally, Cornerstone Advisors Inc. lifted its holdings in 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 purchasing an additional 59 shares during the last quarter. 92.13% of the stock is owned by institutional investors.

In related news, SVP Keri A. Shea sold 1,131 shares of AvalonBay Communities stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $200.09, for a total value of $226,301.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Sean J. Breslin sold 1,500 shares of AvalonBay Communities stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $201.75, for a total value of $302,625.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 95,468 shares of company stock worth $18,777,790. 0.42% of the stock is owned by insiders.

Shares of AvalonBay Communities stock traded up $0.02 during midday trading on Wednesday, reaching $199.75. The company had a trading volume of 2,787 shares, compared to its average volume of 456,574. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market cap of $27.97 billion, a P/E ratio of 22.21, a P/E/G ratio of 3.84 and a beta of 0.59. AvalonBay Communities Inc has a fifty-two week low of $156.93 and a fifty-two week high of $204.53.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data on Wednesday, April 24th. The real estate investment trust reported $2.30 EPS for the quarter, topping the Zacks’ consensus estimate of $2.28 by $0.02. The company had revenue of $459.80 million for the quarter, compared to analyst estimates of $575.92 million. AvalonBay Communities had a return on equity of 9.52% and a net margin of 45.94%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.18 earnings per share. Equities analysts anticipate that AvalonBay Communities Inc will post 9.33 earnings per share for the current fiscal year.

Several equities research analysts have issued reports on AVB shares. Zacks Investment Research raised AvalonBay Communities from a “hold” rating to a “buy” rating and set a $200.00 price target for the company in a report on Tuesday, January 15th. SunTrust Banks raised their price target on AvalonBay Communities to $208.00 and gave the stock an “average” rating in a research report on Thursday, February 14th. ValuEngine upgraded AvalonBay Communities from a “hold” rating to a “buy” rating in a research report on Thursday, January 24th. Mizuho cut AvalonBay Communities from a “buy” rating to a “neutral” rating and set a $210.00 price target on the stock. in a research report on Wednesday, May 8th. Finally, Citigroup cut AvalonBay Communities from a “buy” rating to a “neutral” rating and raised their price target for the stock from $190.00 to $205.00 in a research report on Thursday, February 21st. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $201.25.

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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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