AvalonBay Communities (AVB) Shares Sold by Aperio Group LLC

Aperio Group LLC lessened its position in shares of AvalonBay Communities (NYSE:AVB) by 13.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,141 shares of the real estate investment trust’s stock after selling 8,457 shares during the quarter. Aperio Group LLC’s holdings in AvalonBay Communities were worth $8,904,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AVB. Capital Analysts LLC raised its stake in shares of AvalonBay Communities by 441.3% during the 4th quarter. Capital Analysts LLC now owns 2,230 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 1,818 shares during the last quarter. Keeler Thomas Management LLC acquired a new position in shares of AvalonBay Communities during the 4th quarter worth $166,000. NuWave Investment Management LLC acquired a new position in shares of AvalonBay Communities during the 4th quarter worth $181,000. MUFG Americas Holdings Corp acquired a new position in shares of AvalonBay Communities during the 4th quarter worth $189,000. Finally, Compagnie Lombard Odier SCmA acquired a new position in shares of AvalonBay Communities during the 4th quarter worth $236,000. 93.10% of the stock is owned by institutional investors and hedge funds.

Get AvalonBay Communities alerts:

Several research firms have recently issued reports on AVB. Jefferies Group reaffirmed a “hold” rating and set a $166.00 price target on shares of AvalonBay Communities in a research note on Friday, April 13th. BMO Capital Markets set a $178.00 price target on AvalonBay Communities and gave the stock a “hold” rating in a research note on Monday, February 12th. SunTrust Banks reaffirmed a “buy” rating and set a $186.00 price target on shares of AvalonBay Communities in a research note on Friday, February 2nd. BTIG Research cut their price target on AvalonBay Communities to $189.00 and set a “buy” rating for the company in a research note on Thursday, March 15th. Finally, Zacks Investment Research raised AvalonBay Communities from a “sell” rating to a “hold” rating in a research note on Tuesday, April 17th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $188.94.

Shares of AvalonBay Communities opened at $159.25 on Wednesday, Marketbeat Ratings reports. AvalonBay Communities has a twelve month low of $152.65 and a twelve month high of $199.52. The stock has a market capitalization of $21.80 billion, a P/E ratio of 18.47, a PEG ratio of 2.41 and a beta of 0.35. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.75 and a quick ratio of 0.75.

AvalonBay Communities (NYSE:AVB) last announced its earnings results on Wednesday, April 25th. The real estate investment trust reported $1.03 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($1.16). AvalonBay Communities had a net margin of 35.62% and a return on equity of 7.57%. The firm had revenue of $560.80 million during the quarter, compared to analyst estimates of $556.23 million. During the same period in the previous year, the firm posted $2.09 EPS. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. analysts expect that AvalonBay Communities will post 8.95 EPS for the current year.

AvalonBay Communities Profile

As of December 31, 2017, the Company owned or held a direct or indirect ownership interest in 288 apartment communities containing 84,158 apartment homes in 12 states and the District of Columbia, of which 21 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.

Want to see what other hedge funds are holding AVB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AvalonBay Communities (NYSE:AVB).