Are Analysts Bearish AvalonBay Communities, Inc. (NYSE:AVB) After Last Week?

Mae Love
January 14, 2018

Forward Management Llc decreased Avalonbay Cmntys Inc (AVB) stake by 40.12% reported in 2017Q3 SEC filing. Evercore ISI raised shares of AvalonBay Communities from a hold rating to a buy rating and set a $179.00 price target for the company in a report on Monday, November 28th. The Susquehanna International Group Llp holds 4,238 shares with $756,000 value, down from 138,000 last quarter. Robert W. Baird maintained AvalonBay Communities, Inc.

AvalonBay Communities (NYSE AVB) traded down $1.54 during mid-day trading on Thursday, reaching $168.23. The stock had a trading volume of 494,377 shares, compared to its average volume of 540,638.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings results on Wednesday, February 1st. It has underperformed by 2.41% the S&P500. Corporate insiders own 0.46% of the company's stock. Jung Holger R. had sold 21,202 shares worth $840,374. Insiders have sold 30,660 shares of company stock valued at $5,628,669 over the last quarter.

MML Investors Services LLC increased its position in shares of New Senior Investment Group by 2.9% during the second quarter. The real estate investment trust reported $1.72 EPS for the quarter, missing analysts' consensus estimates of $2.17 by ($0.45). Century Companies invested in 65,984 shares. 41 funds opened positions while 124 raised stakes. Rampart Inv Mngmt Limited Liability Corp holds 0.11% or 1,890 shares. Tci Wealth Advisors owns 0% invested in Kraton Corporation (NYSE:KRA) for 34 shares. The Connecticut-based Tudor Et Al has invested 0.01% in Mobile Mini, Inc. Dimensional Fund Advisors L P reported 633,265 shares. (NASDAQ:MINI). Glenmede Communications Na owns 128 shares or 0% of their U.S. portfolio.

Tiaa Cref Investment Mgmt owns 23,042 shares for 0% of their portfolio. Grassi Management invested in 0.12% or 4,073 shares. Alliancebernstein Ltd Partnership reported 0.02% stake. AvalonBay Communities now has a consensus rating of Buy and an average price target of $189.77. Lombard Odier Asset (Switzerland) reported 10,332 shares. Globeflex Cap Lp reported 35 shares. The firm has "Hold" rating given on Sunday, August 20 by Jefferies. Cincinnati Fincl had 16 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has "Hold" rating by Sidoti given on Friday, October 13. BMO Capital Markets downgraded it to "Market Perform" rating and $190 target in Monday, March 7 report.

Investors sentiment increased to 1.33 in Q3 2017. Its up 0.41, from 0.86 in 2017Q2.

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Several institutional investors have recently added to or reduced their stakes in AVB.

Hedge funds have recently made changes to their positions in the company. 128.20 million shares or 3.63% less from 133.03 million shares in 2017Q2 were reported. It is positive, as 27 investors sold AvalonBay Communities, Inc. shares while 128 reduced holdings. Macquarie Grp Ltd invested 0.08% of its portfolio in AvalonBay Communities, Inc. State Of Alaska Department Of Revenue holds 0.7% or 77,299 shares in its portfolio. M Partners initiated Cincinnati Financial Corporation (NASDAQ:CINF) rating on Wednesday, September 2. Employees Retirement System Of Ohio holds 0% or 2,304 shares in its portfolio. Mirae Asset Investments Ltd holds 0.01% or 2,760 shares. Duff & Phelps Investment Management Co who had been investing in Avalonbay Communties for a number of months, seems to be bullish on the $23.23B market cap company. (NYSE:AVB) shares were sold by HOREY LEO S III. Moreover, Oppenheimer Asset Management has 0.05% invested in AvalonBay Communities, Inc. Whittier Tru accumulated 0.01% or 1,113 shares. First Interstate Comml Bank reported 0% in AvalonBay Communities, Inc.

Since December 11, 2017, it had 0 buys, and 3 selling transactions for $5.26 million activity. (NYSE:AVB) or 50,565 shares. (NYSE:AVB) was sold by Breslin Sean J. on Monday, December 11. Its up 14.76% from 3.37M shares previously. Bessemer Gp Inc stated it has 17,171 shares or 0% of all its holdings.

More important recent AvalonBay Communities, Inc.

Analysts await Sterling Bancorp (NYSE:STL) to report earnings on January, 23. The business's quarterly revenue was up 7.8% compared to the same quarter past year. STL's profit will be $96.62M for 15.09 P/E if the $0.43 EPS becomes a reality. Finally, Lincoln National Corp acquired a new position in AvalonBay Communities during the third quarter valued at $239,000. The firm's quarterly revenue was up 6.6% compared to the same quarter last year. equities research analysts expect that AvalonBay Communities will post 8.62 EPS for the current fiscal year. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. Therefore 48% are positive. AvalonBay Communities has a 1 year low of $167.51 and a 1 year high of $199.52. The firm now has a $183.00 price objective on the real estate investment trust's stock. Avalonbay Communities Inc. had 70 analyst reports since July 21, 2015 according to SRatingsIntel. (NYSE:AVB) news were published by: Seekingalpha.com which released: "AvalonBay: More Bad News For Apartment REITs?" on August 10, 2016, also Nasdaq.com published article titled: "Relative Strength Alert For AvalonBay Communities", Seekingalpha.com published: "Manhattan apartment rents down the most since 2014" on January 11, 2018. As per Friday, December 11, the company rating was upgraded by Robert W. Baird. Stockholders of record on Friday, December 29th will be issued a $1.42 dividend. The firm earned "Buy" rating on Tuesday, August 18 by Zacks.

AvalonBay Communities, Inc is a real estate investment trust. Amalgamated Bank acquired a new stake in shares of New Senior Investment Group during the second quarter valued at about $104,000. Finally, Mizuho reaffirmed a buy rating and issued a $220.00 price target on shares of AvalonBay Communities in a report on Monday, November 6th. BB&T Capital initiated it with "Underweight" rating and $185.50 target in Tuesday, November 10 report.

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