AvalonBay Communities (AVB) Hits New 12-Month Low at $167.74

Jeannie Matthews
January 14, 2018

BlackRock Institutional Trust Company N.A. now owns 5,545,441 shares of the real estate investment trust's stock worth $1,000,342,000 after buying an additional 36,553 shares during the period. The institutional investor held 3.71M shares of the consumer services company at the end of 2017Q3, valued at $662.26M, down from 3.87 million at the end of the previous reported quarter. Cibc World Markets has 0.03% invested in AvalonBay Communities, Inc. Traders purchased 1,182 call options on the stock. With 13,700 shares average volume, it will take short sellers 15 days to cover their AP's short positions. Ampco-Pittsburgh Corporation (NYSE:AP) has risen 14.29% since January 12, 2017 and is uptrending. It has underperformed by 10.04% the S&P500. The company has a market capitalization of $608.72, a PE ratio of -25.55 and a beta of 0.82. Castine Capital Management Llc who had been investing in Sterling Bancorp Del for a number of months, seems to be less bullish one the $5.83B market cap company. The stock increased 3.57% or $1.3 during the last trading session, reaching $37.7. About 1.25M shares traded. PDC Energy, Inc. (NASDAQ:PDCE) has declined 13.25% since January 13, 2017 and is downtrending. Investors of record on Friday, December 29th will be given a dividend of $1.42 per share. Its down 0.08, from 0.98 in 2017Q2.

A number of other hedge funds also recently bought and sold shares of AVB. 10 funds opened positions while 19 raised stakes. Adirondack Rech & Management Inc reported 58,755 shares or 0.4% of all its holdings. Systematic Financial Lp has invested 0.41% in Sterling Bancorp (NYSE:STL). Bank of New York Mellon Corp increased its stake in AvalonBay Communities by 9.3% in the second quarter. Evercore Wealth Ltd Co owns 26,600 shares or 0.03% of their USA portfolio. Sii Invs Inc Wi holds 0.01% or 1,372 shares in its portfolio. Insiders own 0.46% of the company's stock. (NYSE:AVB). Retirement Systems Of Alabama owns 66,992 shares or 0.06% of their United States portfolio. Ny State Common Retirement Fund has 0% invested in Ampco-Pittsburgh Corporation (NYSE:AP). Piedmont Inv Advsr Limited Liability owns 0.01% invested in Mobile Mini, Inc. (NYSE:AVB). Wolverine Asset Management Limited Liability Company holds 5,941 shares. (NASDAQ:MINI). Vanguard Grp Inc accumulated 4.20 million shares. Moreover, Commonwealth Of Pennsylvania School Empls Retrmt Systems has 0.01% invested in A. O. Smith Corporation (NYSE:AOS) for 11,908 shares. Principal Gru reported 0.51% in AvalonBay Communities, Inc. (NYSE:AVB). California State Teachers Retirement holds 0.09% of its portfolio in AvalonBay Communities, Inc. Dimensional Fund Advisors L P reported 633,265 shares.

Castine Capital Management Llc, which manages about $395.38M and $270.95 million US Long portfolio, upped its stake in Pnc Finl Svcs Group Inc (NYSE:PNC) by 8,383 shares to 69,341 shares, valued at $9.35M in 2017Q3, according to the filing. The firm's revenue was up 6.6% compared to the same quarter last year. equities analysts expect that AvalonBay Communities, Inc. will post 8.62 earnings per share for the current fiscal year.

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Analysts await Sterling Bancorp (NYSE:STL) to report earnings on January, 23. (NYSE:AVB) to report $2.25 EPS on February, 7.They anticipate $0.13 EPS change or 6.13% from last quarter's $2.12 EPS. AVB's profit will be $310.72M for 18.69 P/E if the $2.25 EPS becomes a reality. After $1.51 actual earnings per share reported by Kraton Corporation for the previous quarter, Wall Street now forecasts -47.68% negative EPS growth. Therefore 50% are positive. Sterling Bancorp had 34 analyst reports since August 3, 2015 according to SRatingsIntel. The ex-dividend date of this dividend is Thursday, December 28th. RBC Capital Markets maintained the stock with "Buy" rating in Monday, November 6 report. Finally, Royal Bank of Canada decreased their price target on shares of AvalonBay Communities from $206.00 to $200.00 and set an "outperform" rating for the company in a report on Monday, November 6th. As per Tuesday, July 21, the company rating was initiated by SunTrust. The rating was downgraded by UBS on Monday, April 11 to "Neutral". The firm earned "Buy" rating on Tuesday, August 18 by Zacks. The stock has "Buy" rating by BTIG Research on Thursday, August 25. As per Friday, December 11, the company rating was upgraded by Robert W. Baird.

AvalonBay Communities, Inc is a real estate investment trust (REIT). Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. Therefore 53% are positive. The rating was maintained by Deutsche Bank with "Sell" on Friday, July 31. As per Wednesday, August 10, the company rating was maintained by Jefferies. Breslin Sean J. also sold $273,975 worth of AvalonBay Communities, Inc. Robert W. Baird maintained the stock with "Hold" rating in Wednesday, October 11 report. BMO Capital Markets reiterated a "hold" rating and set a $190.00 target price on shares of AvalonBay Communities in a research report on Monday, November 27th. Zacks Investment Research now has $8.75 price objective on the real estate investment trust's stock. (NYSE:AVB) rating on Tuesday, July 21. The rating was maintained by SunTrust with "Buy" on Thursday, July 14. SunTrust initiated A. O. Smith Corporation (NYSE:AOS) on Tuesday, November 3 with "Buy" rating. The stock now has an average rating of "Hold" and a consensus target price of $200.40. As per Friday, December 15, the company rating was downgraded by JP Morgan. (NYSE:AVB). Hartford Management stated it has 0.01% in AvalonBay Communities, Inc. (NYSE:AVB) for 20,107 shares. Lasalle Investment Management Securities LLC increased its stake in AvalonBay Communities by 2.1% in the third quarter. Another trade for 25,160 shares valued at $4.63M was sold by NAUGHTON TIMOTHY J.

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