FNY Partners Fund LP Has $413,000 Stake in AvalonBay Communities, Inc. (AVB)

FNY Partners Fund LP lifted its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 4,400.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 2,150 shares of the real estate investment trust’s stock after acquiring an additional 2,200 shares during the period. FNY Partners Fund LP’s holdings in AvalonBay Communities were worth $413,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in AVB. BlackRock Inc. lifted its holdings in shares of AvalonBay Communities by 2,676.8% during the 1st quarter. BlackRock Inc. now owns 14,398,025 shares of the real estate investment trust’s stock worth $2,643,476,000 after acquiring an additional 13,879,505 shares during the period. FMR LLC lifted its holdings in shares of AvalonBay Communities by 21.5% during the 1st quarter. FMR LLC now owns 4,372,295 shares of the real estate investment trust’s stock worth $802,753,000 after acquiring an additional 773,410 shares during the period. Vanguard Group Inc. lifted its holdings in shares of AvalonBay Communities by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 21,857,497 shares of the real estate investment trust’s stock worth $4,013,036,000 after acquiring an additional 406,218 shares during the period. Harbour Capital Advisors LLC lifted its holdings in shares of AvalonBay Communities by 19,117.0% during the 2nd quarter. Harbour Capital Advisors LLC now owns 329,572 shares of the real estate investment trust’s stock worth $1,715,000 after acquiring an additional 327,857 shares during the period. Finally, PGGM Investments lifted its holdings in shares of AvalonBay Communities by 21.0% during the 2nd quarter. PGGM Investments now owns 1,555,616 shares of the real estate investment trust’s stock worth $298,943,000 after acquiring an additional 270,164 shares during the period. 97.54% of the stock is owned by institutional investors.

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A number of research firms have recently commented on AVB. Royal Bank Of Canada reaffirmed a “buy” rating and set a $203.00 price objective on shares of AvalonBay Communities in a report on Sunday, July 16th. BMO Capital Markets reaffirmed a “hold” rating and set a $191.00 price objective on shares of AvalonBay Communities in a report on Thursday, May 25th. Deutsche Bank AG downgraded shares of AvalonBay Communities from a “buy” rating to a “hold” rating and set a $193.00 price objective for the company. in a report on Wednesday, May 17th. Argus initiated coverage on shares of AvalonBay Communities in a report on Thursday, June 22nd. They set a “buy” rating and a $220.00 price objective for the company. Finally, BidaskClub upgraded shares of AvalonBay Communities from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $195.47.

AvalonBay Communities, Inc. (NYSE:AVB) traded down 1.58% during midday trading on Tuesday, reaching $185.57. 136,192 shares of the company’s stock traded hands. The company has a market cap of $25.56 billion, a P/E ratio of 25.56 and a beta of 0.35. The stock has a 50-day moving average of $189.16 and a 200 day moving average of $188.97. AvalonBay Communities, Inc. has a 52-week low of $158.32 and a 52-week high of $199.52.

AvalonBay Communities (NYSE:AVB) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $2.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.14 by ($0.05). The business had revenue of $530.51 million for the quarter, compared to analyst estimates of $529.48 million. AvalonBay Communities had a return on equity of 9.88% and a net margin of 47.90%. During the same period in the previous year, the firm posted $2.03 EPS. On average, analysts anticipate that AvalonBay Communities, Inc. will post $5.19 earnings per share for the current fiscal year.

AvalonBay Communities Company Profile

AvalonBay Communities, Inc is a real estate investment trust (REIT). The Company is focused on the development, redevelopment, acquisition, ownership and operation of multifamily communities primarily in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California.

Institutional Ownership by Quarter for AvalonBay Communities (NYSE:AVB)

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