Kemper Corp Master Retirement Trust Lowers stake in AvalonBay Communities Inc (AVB)

AvalonBay Communities Inc (AVB) : Kemper Corp Master Retirement Trust reduced its stake in AvalonBay Communities Inc by 1.96% during the most recent quarter end. The investment management company now holds a total of 5,003 shares of AvalonBay Communities Inc which is valued at $904,492 after selling 100 shares in AvalonBay Communities Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.AvalonBay Communities Inc makes up approximately 0.55% of Kemper Corp Master Retirement Trust’s portfolio.

Other Hedge Funds, Including , Meiji Yasuda Life Insurance Co sold out all of its stake in AVB during the most recent quarter. The investment firm sold 1,270 shares of AVB which is valued $229,603.Pioneer Investment Management Inc reduced its stake in AVB by selling 724 shares or 1.26% in the most recent quarter. The Hedge Fund company now holds 56,800 shares of AVB which is valued at $10,268,872. AvalonBay Communities Inc makes up approx 0.04% of Pioneer Investment Management Inc’s portfolio.Stephens Inc Ar boosted its stake in AVB in the latest quarter, The investment management firm added 862 additional shares and now holds a total of 16,229 shares of AvalonBay Communities Inc which is valued at $2,963,740. AvalonBay Communities Inc makes up approx 0.13% of Stephens Inc Ar’s portfolio.Diam Ltd. reduced its stake in AVB by selling 10,682 shares or 2.77% in the most recent quarter. The Hedge Fund company now holds 375,220 shares of AVB which is valued at $68,601,473. AvalonBay Communities Inc makes up approx 0.99% of Diam Ltd.’s portfolio. Catawba Capital Management Va added AVB to its portfolio by purchasing 1,120 company shares during the most recent quarter which is valued at $205,822. AvalonBay Communities Inc makes up approx 0.05% of Catawba Capital Management Va’s portfolio.

AvalonBay Communities Inc opened for trading at $174.24 and hit $176.32 on the upside on Monday, eventually ending the session at $175.55, with a gain of 1.15% or 2 points. The heightened volatility saw the trading volume jump to 4,75,241 shares. Company has a market cap of $24,105 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.

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.

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