Sheaff Brock Investment Advisors LLC increased its position in AvalonBay Communities Inc (NYSE:AVB) by 6.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,171 shares of the real estate investment trust’s stock after acquiring an additional 124 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in AvalonBay Communities were worth $441,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cornerstone Advisors Inc. raised its holdings in AvalonBay Communities by 85.5% in the 1st quarter. Cornerstone Advisors Inc. now owns 128 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 59 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in AvalonBay Communities during the 1st quarter valued at $27,000. NuWave Investment Management LLC raised its stake in AvalonBay Communities by 575.0% during the 2nd quarter. NuWave Investment Management LLC now owns 216 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 184 shares during the last quarter. Hanson McClain Inc. raised its stake in AvalonBay Communities by 29.6% during the 1st quarter. Hanson McClain Inc. now owns 267 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 61 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in AvalonBay Communities by 84.2% during the 1st quarter. Parallel Advisors LLC now owns 337 shares of the real estate investment trust’s stock valued at $68,000 after buying an additional 154 shares during the last quarter. Institutional investors own 91.88% of the company’s stock.

A number of equities research analysts have weighed in on AVB shares. Mizuho lowered shares of AvalonBay Communities from a “buy” rating to a “neutral” rating and set a $210.00 target price for the company. in a research note on Wednesday, May 8th. Robert W. Baird upgraded shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $198.00 to $215.00 in a research note on Thursday, May 16th. Citigroup boosted their target price on shares of AvalonBay Communities from $205.00 to $210.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. ValuEngine lowered shares of AvalonBay Communities from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Morgan Stanley boosted their target price on shares of AvalonBay Communities from $194.00 to $217.00 and gave the company an “equal weight” rating in a research note on Thursday, June 27th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $210.31.

Shares of NYSE:AVB traded up $2.62 during midday trading on Thursday, hitting $204.22. The company had a trading volume of 91,066 shares, compared to its average volume of 616,283. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $28.71 billion, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 3.89 and a beta of 0.53. AvalonBay Communities Inc has a 12-month low of $167.01 and a 12-month high of $214.10. The business has a fifty day simple moving average of $206.96.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $1.21 EPS for the quarter, missing the consensus estimate of $2.31 by ($1.10). The company had revenue of $577.26 million during the quarter, compared to analysts’ expectations of $572.69 million. AvalonBay Communities had a return on equity of 8.63% and a net margin of 41.83%. During the same quarter last year, the company earned $2.23 earnings per share. On average, equities analysts expect that AvalonBay Communities Inc will post 9.34 earnings per share for the current year.

In related news, EVP William M. Mclaughlin sold 2,500 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $209.07, for a total value of $522,675.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kevin P. O’shea sold 250 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $205.49, for a total transaction of $51,372.50. The disclosure for this sale can be found here. Insiders sold a total of 7,250 shares of company stock valued at $1,513,723 over the last 90 days. 0.42% of the stock is currently owned by company insiders.

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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