AvalonBay Communities Inc (AVB) : Pggm Investments scooped up 82 additional shares in AvalonBay Communities Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 1,548,147 shares of AvalonBay Communities Inc which is valued at $278,294,905.AvalonBay Communities Inc makes up approximately 1.38% of Pggm Investments’s portfolio.
Other Hedge Funds, Including , Conning reduced its stake in AVB by selling 80 shares or 1.84% in the most recent quarter. The Hedge Fund company now holds 4,260 shares of AVB which is valued at $765,778. AvalonBay Communities Inc makes up approx 0.03% of Conning’s portfolio.American Investment Services reduced its stake in AVB by selling 155 shares or 3.9% in the most recent quarter. The Hedge Fund company now holds 3,820 shares of AVB which is valued at $715,983. AvalonBay Communities Inc makes up approx 0.30% of American Investment Services’s portfolio. First Western Capital Management Co sold out all of its stake in AVB during the most recent quarter. The investment firm sold 11,100 shares of AVB which is valued $2,080,473.Quotient Investors reduced its stake in AVB by selling 3,013 shares or 36.96% in the most recent quarter. The Hedge Fund company now holds 5,140 shares of AVB which is valued at $963,390. AvalonBay Communities Inc makes up approx 0.44% of Quotient Investors’s portfolio.
AvalonBay Communities Inc opened for trading at $182.28 and hit $187.43 on the upside on Friday, eventually ending the session at $185.65, with a gain of 1.85% or 3.37 points. The heightened volatility saw the trading volume jump to 9,21,959 shares. Company has a market cap of $25,464 M.
On the company’s financial health, AvalonBay Communities Inc reported $2.03 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 25, 2016. Analyst had a consensus of $2.05. The company had revenue of $502.30 million for the quarter, compared to analysts expectations of $497.58 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.87 EPS.
Many Wall Street Analysts have commented on AvalonBay Communities Inc. AvalonBay Communities Inc was Downgraded by Jefferies to ” Hold” on Jun 8, 2016. Company shares were Reiterated by RBC Capital Mkts on May 3, 2016 to “Outperform”, Firm has raised the Price Target to $ 198 from a previous price target of $196 .
AvalonBay Communities Inc. is a real estate investment trust (REIT). The Company develops redevelops acquires owns and operates multifamily communities primarily in New England the New York/New Jersey metro area the Mid-Atlantic the Pacific Northwest and Northern and Southern California. It focuses on metropolitan areas in these regions. The Company operates in three segments: Established Communities Other Stabilized Communities and Development/Redevelopment Communities. It owns an ownership interest in around 252 operating apartment communities containing 74240 apartment homes in 11 states and the District of Columbia of which around 228 communities contain around 66631 apartment homes; two communities containing over 618 apartment homes were held by joint ventures in which it holds an ownership interest and approximately 22 communities contain around 6991 apartment homes. It operates apartment communities under three core brands: Avalon AVA and Eaves by Avalon.