AvalonBay Communities Inc (NYSE:AVB) Shares Sold by Sarasin & Partners LLP

Sarasin & Partners LLP cut its holdings in AvalonBay Communities Inc (NYSE:AVB) by 0.1% during the second quarter, HoldingsChannel reports. The firm owned 71,126 shares of the real estate investment trust’s stock after selling 49 shares during the period. Sarasin & Partners LLP’s holdings in AvalonBay Communities were worth $14,451,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. NuWave Investment Management LLC lifted its holdings in shares of AvalonBay Communities by 575.0% in the second quarter. NuWave Investment Management LLC now owns 216 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 184 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of AvalonBay Communities in the second quarter valued at about $255,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of AvalonBay Communities by 2.2% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 47,271 shares of the real estate investment trust’s stock valued at $9,605,000 after purchasing an additional 1,000 shares in the last quarter. NEXT Financial Group Inc lifted its holdings in shares of AvalonBay Communities by 16.7% in the second quarter. NEXT Financial Group Inc now owns 426 shares of the real estate investment trust’s stock valued at $87,000 after purchasing an additional 61 shares in the last quarter. Finally, CWM Advisors LLC lifted its holdings in shares of AvalonBay Communities by 10.0% in the second quarter. CWM Advisors LLC now owns 2,445 shares of the real estate investment trust’s stock valued at $497,000 after purchasing an additional 223 shares in the last quarter. Institutional investors own 91.86% of the company’s stock.

Shares of NYSE:AVB traded down $0.06 during trading on Tuesday, reaching $210.38. The stock had a trading volume of 17,482 shares, compared to its average volume of 448,187. The firm’s fifty day moving average is $207.78. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.67. The firm has a market cap of $29.57 billion, a PE ratio of 23.43, a P/E/G ratio of 3.94 and a beta of 0.52. AvalonBay Communities Inc has a fifty-two week low of $167.01 and a fifty-two week high of $214.10.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a $1.52 dividend. This represents a $6.08 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date was Thursday, June 27th. AvalonBay Communities’s dividend payout ratio is presently 67.56%.

AVB has been the topic of several recent research reports. Morgan Stanley upped their price target on shares of General Mills from $49.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, June 27th. KeyCorp upped their price target on shares of Terreno Realty from $49.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Mizuho set a $27.00 price target on shares of Horizon Therapeutics and gave the company a “hold” rating in a report on Wednesday, May 8th. Barclays downgraded shares of Barrick Gold from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $15.00 to $18.00 in a report on Tuesday, July 16th. Finally, Argus reaffirmed a “buy” rating and issued a $215.00 price target on shares of AvalonBay Communities in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. AvalonBay Communities presently has a consensus rating of “Hold” and a consensus price target of $205.87.

In other news, SVP Keri A. Shea sold 1,131 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $200.09, for a total value of $226,301.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP William M. Mclaughlin sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $209.07, for a total transaction of $522,675.00. The disclosure for this sale can be found here. In the last three months, insiders sold 9,881 shares of company stock valued at $2,042,649. Company insiders own 0.42% of the company’s stock.

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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