As Avalonbay Communities INC (AVB) Valuation Declined, Advantus Capital Management INC Increased Its Holding

April 19, 2018 - By Marie Mckinney

AvalonBay Communities, Inc. (NYSE:AVB) LogoInvestors sentiment increased to 1.28 in Q4 2017. Its up 0.01, from 1.27 in 2017Q3. It improved, as 31 investors sold AVB shares while 129 reduced holdings. 55 funds opened positions while 150 raised stakes. 127.43 million shares or 0.60% less from 128.20 million shares in 2017Q3 were reported. Perigon Wealth Management Ltd Liability Corp reported 160 shares. Muzinich invested 0.01% in AvalonBay Communities, Inc. (NYSE:AVB). The Illinois-based Guggenheim Ltd Liability Company has invested 0.09% in AvalonBay Communities, Inc. (NYSE:AVB). Parallax Volatility Advisers LP holds 0% or 3,240 shares in its portfolio. Blair William Co Il holds 0.01% or 7,271 shares in its portfolio. Moreover, Aew Capital Limited Partnership has 5.73% invested in AvalonBay Communities, Inc. (NYSE:AVB). Public Sector Pension Inv Board invested in 7,425 shares or 0.01% of the stock. 58,450 were accumulated by Zurcher Kantonalbank (Zurich Cantonalbank). Bankshares Of Mellon invested in 0.16% or 3.49 million shares. Apg Asset Nv holds 0.19% or 712,920 shares. Cohen & Steers Inc stated it has 963,275 shares or 0.47% of all its holdings. Mitsubishi Ufj And Corporation holds 0.1% or 330,354 shares in its portfolio. Pennsylvania Trust Com owns 0.01% invested in AvalonBay Communities, Inc. (NYSE:AVB) for 1,130 shares. Jfs Wealth Advsr Ltd Liability holds 0% of its portfolio in AvalonBay Communities, Inc. (NYSE:AVB) for 94 shares. Bokf Na owns 3,276 shares for 0.02% of their portfolio.

Since December 11, 2017, it had 0 buys, and 3 sales for $5.26 million activity. $365,500 worth of AvalonBay Communities, Inc. (NYSE:AVB) was sold by HOREY LEO S III. On Monday, December 11 the insider Breslin Sean J. sold $273,975.

Advantus Capital Management Inc increased its stake in Avalonbay Communities Inc (AVB) by 30.33% based on its latest 2017Q4 regulatory filing with the SEC. Advantus Capital Management Inc bought 51,255 shares as the company’s stock declined 9.81% with the market. The institutional investor held 220,254 shares of the consumer services company at the end of 2017Q4, valued at $39.30M, up from 168,999 at the end of the previous reported quarter. Advantus Capital Management Inc who had been investing in Avalonbay Communities Inc for a number of months, seems to be bullish on the $22.94 billion market cap company. The stock decreased 0.61% or $1.02 during the last trading session, reaching $165.95. About 617,838 shares traded. AvalonBay Communities, Inc. (NYSE:AVB) has declined 13.10% since April 19, 2017 and is downtrending. It has underperformed by 24.65% the S&P500.

Advantus Capital Management Inc, which manages about $27.77 billion and $4.05 billion US Long portfolio, decreased its stake in Apartment Investment & Management Co (NYSE:AIV) by 251,826 shares to 15,817 shares, valued at $691,000 in 2017Q4, according to the filing. It also reduced its holding in Simon Property Group Inc (NYSE:SPG) by 27,647 shares in the quarter, leaving it with 442,490 shares, and cut its stake in American Campus Communities Inc (NYSE:ACC).

AvalonBay Communities, Inc. (NYSE:AVB) Ratings Coverage

Among 19 analysts covering AvalonBay (NYSE:AVB), 9 have Buy rating, 0 Sell and 10 Hold. Therefore 47% are positive. AvalonBay has $220.0 highest and $16600 lowest target. $187.36’s average target is 12.90% above currents $165.95 stock price. AvalonBay had 30 analyst reports since October 20, 2017 according to SRatingsIntel. JP Morgan downgraded the shares of AVB in report on Friday, December 15 to “Neutral” rating. The stock of AvalonBay Communities, Inc. (NYSE:AVB) has “Buy” rating given on Friday, February 2 by SunTrust. The stock of AvalonBay Communities, Inc. (NYSE:AVB) earned “Buy” rating by RBC Capital Markets on Monday, November 6. The firm earned “Buy” rating on Friday, April 6 by Citigroup. The stock of AvalonBay Communities, Inc. (NYSE:AVB) earned “Buy” rating by SunTrust on Monday, January 22. The company was maintained on Wednesday, January 31 by BMO Capital Markets. BMO Capital Markets maintained AvalonBay Communities, Inc. (NYSE:AVB) on Tuesday, January 9 with “Hold” rating. On Wednesday, January 31 the stock rating was maintained by Jefferies with “Hold”. The firm has “Neutral” rating given on Tuesday, February 13 by Bank of America. The firm has “Hold” rating by J.P. Morgan given on Friday, December 15.

AvalonBay Communities, Inc. (NYSE:AVB) Institutional Positions Chart

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