Avalonbay Communities Inc Institutional Investor Sentiment Up in 2017 Q4

April 26, 2018 - By Darrin Black

AvalonBay Communities, Inc. (NYSE:AVB) Logo

Sentiment for Avalonbay Communities Inc (NYSE:AVB)

Avalonbay Communities Inc (NYSE:AVB) institutional sentiment increased to 1.28 in 2017 Q4. Its up 0.01, from 1.27 in 2017Q3. The ratio has increased, as 205 funds started new or increased holdings, while 160 sold and reduced equity positions in Avalonbay Communities Inc. The funds in our partner’s database reported: 127.43 million shares, down from 128.20 million shares in 2017Q3. Also, the number of funds holding Avalonbay Communities Inc in their top 10 holdings increased from 10 to 14 for an increase of 4. Sold All: 31 Reduced: 129 Increased: 150 New Position: 55.

AvalonBay Communities, Inc. engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities in the United States. The company has market cap of $22.33 billion. As of January 31, 2009, the firm owned or held a direct or indirect ownership interest in 164 operating apartment communities comprising 45,728 apartment homes in 10 states and the District of Columbia. It has a 25.44 P/E ratio. It also held a direct or indirect ownership interest in 14 communities under construction, as well as held rights to develop an additional 27 communities.

The stock decreased 0.13% or $0.21 during the last trading session, reaching $161.58. About 761,218 shares traded. AvalonBay Communities, Inc. (NYSE:AVB) has declined 13.10% since April 26, 2017 and is downtrending. It has underperformed by 24.65% the S&P500.

Lasalle Investment Management Securities Llc holds 6.23% of its portfolio in AvalonBay Communities, Inc. for 2.12 million shares. Aew Capital Management L P owns 1.24 million shares or 5.73% of their US portfolio. Moreover, Presima Inc. has 5.73% invested in the company for 249,400 shares. The Illinois-based Heitman Real Estate Securities Llc has invested 5.45% in the stock. Apg Asset Management Us Inc., a New York-based fund reported 3.45 million shares.

Since January 1, 0001, it had 0 insider purchases, and 3 insider sales for $5.26 million activity.

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

Ratings analysis reveals 50% of AvalonBay’s analysts are positive. Out of 18 Wall Street analysts rating AvalonBay, 9 give it “Buy”, 0 “Sell” rating, while 9 recommend “Hold”. The lowest target is $16600 while the high is $220.0. The stock’s average target of $187.36 is 15.95% above today’s ($161.58) share price. AVB was included in 28 notes of analysts from October 30, 2017. As per Thursday, December 14, the company rating was maintained by Jefferies. The rating was maintained by BMO Capital Markets with “Hold” on Monday, November 27. The firm earned “Buy” rating on Friday, March 2 by Robert W. Baird. As per Thursday, March 1, the company rating was maintained by Argus Research. The firm has “Hold” rating by BMO Capital Markets given on Wednesday, January 31. The rating was maintained by BMO Capital Markets on Monday, February 12 with “Hold”. The stock of AvalonBay Communities, Inc. (NYSE:AVB) has “Buy” rating given on Friday, February 2 by SunTrust. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, January 30. The firm has “Hold” rating given on Monday, October 30 by Cantor Fitzgerald. The stock of AvalonBay Communities, Inc. (NYSE:AVB) earned “Hold” rating by Jefferies on Friday, April 13.

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

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