Security Capital Research Management Inc Lowers stake in AvalonBay Communities Inc (AVB)

AvalonBay Communities Inc (AVB) : Security Capital Research Management Inc reduced its stake in AvalonBay Communities Inc by 7.38% during the most recent quarter end. The investment management company now holds a total of 477,895 shares of AvalonBay Communities Inc which is valued at $86,398,637 after selling 38,094 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 2.86% of Security Capital Research Management Inc’s portfolio.

Other Hedge Funds, Including , Cornerstone Capital Management Holdings. reduced its stake in AVB by selling 16,596 shares or 10.34% in the most recent quarter. The Hedge Fund company now holds 143,839 shares of AVB which is valued at $26,004,653. AvalonBay Communities Inc makes up approx 0.20% of Cornerstone Capital Management Holdings.’s portfolio.Boston Financial Mangement boosted its stake in AVB in the latest quarter, The investment management firm added 140 additional shares and now holds a total of 19,860 shares of AvalonBay Communities Inc which is valued at $3,590,489. AvalonBay Communities Inc makes up approx 0.28% of Boston Financial Mangement’s portfolio.Bb&t Securities boosted its stake in AVB in the latest quarter, The investment management firm added 142 additional shares and now holds a total of 2,826 shares of AvalonBay Communities Inc which is valued at $516,084. AvalonBay Communities Inc makes up approx 0.01% of Bb&t Securities’s portfolio.Dupont Capital Management Corp boosted its stake in AVB in the latest quarter, The investment management firm added 4,137 additional shares and now holds a total of 73,158 shares of AvalonBay Communities Inc which is valued at $13,375,477. AvalonBay Communities Inc makes up approx 0.29% of Dupont Capital Management Corp’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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