AvalonBay Communities, Inc. (AVB) Shares Sold by Nationwide Fund Advisors

Nationwide Fund Advisors trimmed its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 39.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,476 shares of the real estate investment trust’s stock after selling 59,197 shares during the quarter. Nationwide Fund Advisors owned approximately 0.07% of AvalonBay Communities worth $17,771,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AVB. Creative Planning raised its stake in shares of AvalonBay Communities by 0.4% during the 2nd quarter. Creative Planning now owns 542 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 2 shares during the period. Muzinich & Co. Inc. raised its stake in shares of AvalonBay Communities by 104.0% during the 1st quarter. Muzinich & Co. Inc. now owns 665 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 339 shares during the period. Perigon Wealth Management LLC raised its stake in shares of AvalonBay Communities by 546.9% during the 1st quarter. Perigon Wealth Management LLC now owns 1,035 shares of the real estate investment trust’s stock worth $191,000 after buying an additional 875 shares during the period. Eqis Capital Management Inc. acquired a new position in shares of AvalonBay Communities during the 2nd quarter worth approximately $201,000. Finally, Bbva Compass Bancshares Inc. acquired a new position in shares of AvalonBay Communities during the 2nd quarter worth approximately $206,000. 97.52% of the stock is owned by institutional investors and hedge funds.

AVB has been the subject of several research analyst reports. BidaskClub downgraded AvalonBay Communities from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. BMO Capital Markets reissued a “hold” rating and issued a $191.00 price objective on shares of AvalonBay Communities in a research note on Wednesday, August 2nd. Deutsche Bank AG increased their price objective on AvalonBay Communities from $193.00 to $195.00 and gave the company a “hold” rating in a research note on Friday, August 18th. Goldman Sachs Group, Inc. (The) downgraded AvalonBay Communities from a “buy” rating to a “neutral” rating and set a $196.00 price objective for the company. in a research note on Tuesday, September 5th. Finally, Argus started coverage on AvalonBay Communities in a research note on Thursday, June 22nd. They issued a “buy” rating and a $220.00 price objective for the company. Two research analysts have 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 stock presently has a consensus rating of “Hold” and a consensus target price of $195.47.

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Shares of AvalonBay Communities, Inc. (NYSE:AVB) opened at 181.72 on Wednesday. The stock has a market capitalization of $25.03 billion, a PE ratio of 25.03 and a beta of 0.35. The firm has a 50-day moving average price of $187.92 and a 200 day moving average price of $188.99. AvalonBay Communities, Inc. has a one year low of $158.32 and a one year high of $199.52.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $2.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.14 by ($0.05). AvalonBay Communities had a return on equity of 9.88% and a net margin of 47.90%. The company had revenue of $530.51 million during the quarter, compared to analyst estimates of $529.48 million. During the same period last year, the firm earned $2.03 earnings per share. On average, equities analysts expect that AvalonBay Communities, Inc. will post $5.19 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a $1.42 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.13%. AvalonBay Communities’s dividend payout ratio (DPR) is 78.13%.

AvalonBay Communities Company Profile

AvalonBay Communities, Inc is a real estate investment trust (REIT). The Company is focused on the development, redevelopment, acquisition, ownership and operation of multifamily communities primarily in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California.

Institutional Ownership by Quarter for AvalonBay Communities (NYSE:AVB)

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