AvalonBay Communities Inc (AVB) : Pensionfund Sabic reduced its stake in AvalonBay Communities Inc by 10.2% during the most recent quarter end. The investment management company now holds a total of 8,802 shares of AvalonBay Communities Inc which is valued at $1.6 Million after selling 1,000 shares in AvalonBay Communities Inc according to a report filed by the company on Apr 4, 2016 with the SEC.AvalonBay Communities Inc makes up approximately 0.50% of Pensionfund Sabic’s portfolio.
Other Hedge Funds, Including , Pensionfund Dsm Netherlands reduced its stake in AVB by selling 3,000 shares or 11.31% in the most recent quarter. The Hedge Fund company now holds 23,520 shares of AVB which is valued at $4.4 Million. AvalonBay Communities Inc makes up approx 0.60% of Pensionfund Dsm Netherlands’s portfolio.
On the company’s financial health, AvalonBay Communities Inc reported $1.99 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 3, 2016. Analyst had a consensus of $1.98.Analysts expectations of $ 479.89.During the same quarter in the previous year, the company posted $1.76 EPS.
Many Wall Street Analysts have commented on AvalonBay Communities Inc. Company shares were Downgraded by UBS on Apr 11, 2016 to ” Neutral”, Firm has raised the Price Target to $ 184 from a previous price target of $180 .Shares were Reiterated by RBC Capital Mkts on Feb 12, 2016 to “Outperform” and Lowered the Price Target to $ 196 from a previous price target of $205 .AvalonBay Communities Inc was Initiated by JMP Securities to “Mkt Outperform” on Jan 8, 2016.
AvalonBay Communities Inc closed down -3.66 points or -1.93% at $185.54 with 7,21,564 shares getting traded on Monday. Post opening the session at $187.83, the shares hit an intraday low of $185.27 and an intraday high of $188.14 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.