Simplex Trading adds AvalonBay Communities Inc (AVB) to its portfolio

AvalonBay Communities Inc (AVB) : Simplex Trading added new position in AvalonBay Communities Inc during the most recent quarter end. The investment management firm now holds 1,815 shares of AvalonBay Communities Inc which is valued at $300,618 , the company said in a statement filed on Oct 7, 2016 with the SEC.AvalonBay Communities Inc makes up approximately 0.04% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Catawba Capital Management Va sold out all of its stake in AVB during the most recent quarter. The investment firm sold 1,120 shares of AVB which is valued $185,506.Bnp Paribas Arbitrage Sa reduced its stake in AVB by selling 20,713 shares or 48.12% in the most recent quarter. The Hedge Fund company now holds 22,332 shares of AVB which is valued at $3,731,454. AvalonBay Communities Inc makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.Chevy Chase Trust Holdings reduced its stake in AVB by selling 2,627 shares or 2.15% in the most recent quarter. The Hedge Fund company now holds 119,500 shares of AVB which is valued at $19,967,255. AvalonBay Communities Inc makes up approx 0.11% of Chevy Chase Trust Holdings’s portfolio.Harbour Capital Advisors reduced its stake in AVB by selling 50 shares or 2.83% in the most recent quarter. The Hedge Fund company now holds 1,715 shares of AVB which is valued at $286,559. AvalonBay Communities Inc makes up approx 0.15% of Harbour Capital Advisors’s portfolio.

AvalonBay Communities Inc closed down -1.32 points or -0.79% at $165.63 with 8,73,610 shares getting traded on Friday. Post opening the session at $167.52, the shares hit an intraday low of $165 and an intraday high of $170.01 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, AvalonBay Communities Inc reported $2.03 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 25, 2016. Analyst had a consensus of $2.05. The company had revenue of $502.30 million for the quarter, compared to analysts expectations of $497.58 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.87 EPS.

Many Wall Street Analysts have commented on AvalonBay Communities Inc. AvalonBay Communities Inc was Upgraded by Sandler O’Neill to ” Buy” on Sep 6, 2016.

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.

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