AvalonBay Communities Inc (AVB) : Rmr Advisors scooped up 2,000 additional shares in AvalonBay Communities Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 26, 2016. The investment management firm now holds a total of 28,875 shares of AvalonBay Communities Inc which is valued at $5,104,811.AvalonBay Communities Inc makes up approximately 2.69% of Rmr Advisors’s portfolio.
AvalonBay Communities Inc opened for trading at $177.63 and hit $181.25 on the upside on Monday, eventually ending the session at $180.83, with a gain of 2.29% or 4.04 points. The heightened volatility saw the trading volume jump to 5,69,540 shares. Company has a market cap of $24,774 M.
Other Hedge Funds, Including , Everett Harris Co Ca added AVB to its portfolio by purchasing 1,455 company shares during the most recent quarter which is valued at $257,229. AvalonBay Communities Inc makes up approx 0.01% of Everett Harris Co Ca’s portfolio. Transamerica Financial Advisors sold out all of its stake in AVB during the most recent quarter. The investment firm sold 1 shares of AVB which is valued $180.First Citizens Bank Trust Co reduced its stake in AVB by selling 186 shares or 13.76% in the most recent quarter. The Hedge Fund company now holds 1,166 shares of AVB which is valued at $210,078. AvalonBay Communities Inc makes up approx 0.02% of First Citizens Bank Trust Co’s portfolio. Klingman Associates sold out all of its stake in AVB during the most recent quarter. The investment firm sold 1,600 shares of AVB which is valued $288,272.
On the company’s financial health, AvalonBay Communities Inc reported $1.97 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $1.96. The company had revenue of $508.49 million for the quarter, compared to analysts expectations of $483.66 million. The company’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.88 EPS.
Many Wall Street Analysts have commented on AvalonBay Communities Inc. Company shares were Reiterated by RBC Capital Mkts on May 3, 2016 to “Outperform”, Firm has raised the Price Target to $ 198 from a previous price target of $196 .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. 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.