Economy

Evercore ISI Gains Confidence in AvalonBay (NYSE:AVB). Will Other Analysts Follow?

IFM Investors Pty Ltd purchased a new stake in AvalonBay Communities during the fourth quarter valued at about $306,000.

These funds have shifted positions in (AVB). Perigon Wealth Management, LLC now controls 1,510 shares with a value of $292,000. As of June 30, 2017, the Company owned or held a direct or indirect ownership interest in 287 apartment communities containing 83,123 apartment homes in 10 states and the District of Columbia, of which 23 communities were under development and nine communities were under redevelopment. Ameriprise Fincl Inc, Minnesota-based fund reported 408,249 shares. Calamos Advsr Ltd Liability holds 0.02% or 13,823 shares. Boston Private Wealth Limited Liability has 9,211 shares for 0.07% of their portfolio. Tiaa Cref Management Ltd Liability Company accumulated 69,695 shares. Finally, Vanguard Group Inc. boosted its position in American Campus Communities by 0.3% in the second quarter. Los Angeles Capital Management And Equity Rech owns 11,739 shares.

AvalonBay Communities, Inc is a real estate investment trust (REIT). Cohen Steers Inc holds 6.88M shares. It also upped National Retail Pptys Inc (NYSE:NNN) stake by 297,530 shares and now owns 1.82M shares. Ameritas Inv Prtnrs accumulated 3,159 shares. Amg Funds reported 14,504 shares. AvalonBay Communities had a net profit margin of 47.90% and a ROE of 9.88%. the company reported sales of $530.51 M for the period end, compared to analysts' anticipations of $529.48 M. For the same quarter past year, the public company disclosed $2.03 Earnings Per Share.

Since May 1, 2017, it had 0 buys, and 8 insider sales for $8.12 million activity. Shea Keri A sold $192,362 worth of AvalonBay Communities Inc (NYSE:AVB) on Thursday, May 11. 5,112 shares were sold by McLaughlin William M, worth $991,115. Birenbaum Matthew H. had sold 2,750 shares worth $525,803. SCHULMAN EDWARD M also sold $338,374 worth of AvalonBay Communities Inc (NYSE:AVB) on Monday, May 15. Two brokerage firms recommended the company shares with a sell recommendation, around ten has issued a hold recommendation and eight have issued a buy recommendation to the firms shares. the share now has a average recommendation of "Hold" and an average price objective of $196.00. Evercore ISI now has a TP of $194.0 on AVB or 8.73 % more upside. AvalonBay Communities, has a 1 year low of $158.32 and a 1 year high of $199.52. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. Therefore 48% are positive. The stock of AvalonBay Communities Inc (NYSE:AVB) has "Buy" rating given on Monday, November 28 by Evercore. The company has a consensus rating of "Hold" and an average price target of $196.00. As per Monday, November 28, the company rating was upgraded by Evercore. Goldman Sachs upgraded the stock to "Neutral" rating in Wednesday, December 23 report. RBC Capital Markets maintained the shares of AVB in report on Friday, July 14 with "Buy" rating. Credit Suisse upgraded it to "Outperform" rating and $200 target in Thursday, August 20 report. The firm has "Buy" rating given on Friday, October 16 by Suntrust Robinson. Robert W. Baird maintained it with "Buy" rating and $202.0 target in Thursday, August 31 report.

Norinchukin Bank The increased its stake in AvalonBay Communities, Inc. JMP Securities initiated the stock with "Market Perform" rating in Friday, January 8 report. Shareholders of record on Friday, September 29th will be issued a $1.42 dividend. About 894,569 shares traded or 7.46% up from the average.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings data on Wednesday, February 1st. It has underperformed by 10.04% the S&P500. Analysts expect that AvalonBay Communities, Inc. will post $5.19 earnings per share for the current fiscal year. AVB's profit will be $298.30 million for 20.65 P/E if the $2.16 EPS becomes a reality. It also demonstrates a stable dividend policy for AvalonBay Communities, Inc. connected to the long-run, with viable earnings. Advisor Group Inc. now owns 1,692 shares of the real estate investment trust's stock valued at $300,000 after buying an additional 165 shares in the last quarter. Security Capital Research & Management Inc sold 24,061 shares as the company's stock rose 7.12% with the market. The corporation 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. It has a 12.23 P/E ratio. Its segments include Established Communities, Other Stabilized Communities and Development/Redevelopment Communities.

First Financial Corp IN continued to hold its stake in AvalonBay Communities Inc (NYSE:AVB) during the first quarter, Holdings Channel reports. Additionally the company recently declared a dividend to be paid on Monday October 16th, 2017.



Like this

Latest


01 October 2017
Puerto Ricans in North Texas Outraged by President Trump's Tweets
Thousands more Puerto Ricans got water and rationed food Friday as an aid bottleneck began to ease. But on Wednesday, an army veteran told NPR that Puerto Rico needs 50,000.

01 October 2017
Choate Investment Advisors Trims Position in Cognizant Technology Solutions Corporation (NASDAQ:CTSH)
The firm owned 67,145 shares of the information technology service provider's stock after selling 71,500 shares during the period. The stock of Washington Prime Group Inc (NYSE:WPG) has "Neutral" rating given on Friday, July 15 by Goldman Sachs.

01 October 2017
Canadian Pacific Railway Limited (CP) Analysts See $3.01 EPS
Raymond James maintained Canadian National Railway Company (TSE:CNR) on Wednesday, January 25 with "Outperform" rating. Cryder Capital Partners Llp holds 12.37% of its portfolio in Thermo Fisher Scientific Inc. for 193,360 shares.

01 October 2017
(CSGP) Shares now up at $268.25 CoStar Group, Inc. Announces Exercise of…
BidaskClub downgraded CoStar Group from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 16th. Zacks Investment Research lowered CoStar Group from a "buy" rating to a "hold" rating in a report on Tuesday, June 6th.

01 October 2017
Herbalife Ltd. (NYSE:HLF) Trading Volume Significantly Lower
The value of the company's investment in Herbalife Ltd . went from $3,501,000 to $4,157,000 increasing 18.7% quarter over quarter. ValuEngine raised shares of Herbalife LTD . from a "hold" rating to a "buy" rating in a research note on Friday, September 1st.

01 October 2017
Gilead Sciences' (GILD) Buy Rating Reaffirmed at Piper Jaffray Companies
Raymond James & Associates decreased Vanguard Scottsdale Fds (VMBS) stake by 8,912 shares to 330,678 valued at $17.41M in 2017Q2. With 2,300 avg volume, 0 days are for PAID INCORPORATED (OTCMKTS:PAYD)'s short sellers to cover PAYD's short positions.

01 October 2017
Vettel not relying on Hamilton misfortune
Get excited", he captioned the video, which had been watched over 330,000 times by Wednesday morning. I could continue for a little bit more but the damage was so bad I had to stop anyway.

01 October 2017
Getting Aid To Puerto Rico Is One Thing; Distributing It Is Another
A lack of distribution support is leaving tons of relief supplies sitting on the docks, instead of reaching those in need. This has led to Puerto Ricans waiting for hours in lines for dwindling supplies of food, gas, and other items.

01 October 2017
FedEx Corporation (FDX) Rating Reiterated by Bank of America Corporation
Profund Advsrs Lc stated it has 6,004 shares. 55,370 are held by Chesley Taft Assoc Ltd Liability Corporation. (NASDAQ:MU). With 3.08M avg volume, 3 days are for Pepsico Incorporated (NYSE:PEP)'s short sellers to cover PEP's short positions.

01 October 2017
Boy, 17, charged after 'hazardous' material closes motorway
The substance, which was thrown from a motorway bridge near Winchester , was later discovered to be flammable, not explosive. A motorist caught up in the miles of stationary traffic said a police officer had described the hold up as a "bomb scare".



Recommended