AvalonBay (NYSE:AVB) Falls into Favor With UBS As They Decide to Upgrade Shares

February 15, 2018 - By Larry Anderson

  AvalonBay (NYSE:AVB) Falls into Favor With UBS As They Decide to Upgrade Shares

Investors sentiment increased to 1.27 in Q3 2017. Its up 0.41, from 0.86 in 2017Q2. It increased, as 27 investors sold AvalonBay Communities, Inc. shares while 128 reduced holdings. 58 funds opened positions while 139 raised stakes. 128.20 million shares or 3.63% less from 133.03 million shares in 2017Q2 were reported.

Tiaa Cref Investment Mgmt Ltd Liability Corp holds 0.06% in AvalonBay Communities, Inc. (NYSE:AVB) or 463,457 shares. Moreover, Legal General Group Public Limited has 0.15% invested in AvalonBay Communities, Inc. (NYSE:AVB) for 1.14 million shares. Kempen Nv holds 0.71% of its portfolio in AvalonBay Communities, Inc. (NYSE:AVB) for 51,789 shares. Oregon Employees Retirement Fund holds 0.04% of its portfolio in AvalonBay Communities, Inc. (NYSE:AVB) for 14,754 shares. Schroder Invest owns 28,844 shares. Bokf Na owns 3,277 shares. Liberty Mutual Gru Asset Mngmt Incorporated stated it has 5,999 shares. Cbre Clarion Ltd Liability Corporation invested in 3.54% or 1.79 million shares. Advisor Partners Ltd accumulated 3,240 shares. Moreover, New Mexico Educational Retirement Board has 0.27% invested in AvalonBay Communities, Inc. (NYSE:AVB). Advsr Asset Inc holds 0.05% of its portfolio in AvalonBay Communities, Inc. (NYSE:AVB) for 18,306 shares. Virginia Retirement Et Al has invested 0.28% in AvalonBay Communities, Inc. (NYSE:AVB). Public Employees Retirement Association Of Colorado reported 25,170 shares stake. Florida-based Texas Yale Capital Corp has invested 0.05% in AvalonBay Communities, Inc. (NYSE:AVB). Bb&T Limited Liability Co has invested 0.01% of its portfolio in AvalonBay Communities, Inc. (NYSE:AVB).

Since December 11, 2017, it had 0 buys, and 3 insider sales for $5.26 million activity. The insider Breslin Sean J. sold $273,975. Shares for $4.63M were sold by NAUGHTON TIMOTHY J on Tuesday, December 12.

AvalonBay (NYSE:AVB) Stock Upgrade

The stock rating of AvalonBay (NYSE:AVB) shares was increased by research professionals at UBS to a respectable Buy. They currently have a price target of $206.0 on AVB. UBS’s price target indicates a possible upside of 27.83 % from the current stock price of the company.

Investors sentiment increased to 1.27 in Q3 2017. Its up 0.41, from 0.86 in 2017Q2. It increased, as 27 investors sold AvalonBay Communities, Inc. shares while 128 reduced holdings. 58 funds opened positions while 139 raised stakes. 128.20 million shares or 3.63% less from 133.03 million shares in 2017Q2 were reported.

Tiaa Cref Investment Mgmt Ltd Liability Corp holds 0.06% in AvalonBay Communities, Inc. (NYSE:AVB) or 463,457 shares. Moreover, Legal General Group Public Limited has 0.15% invested in AvalonBay Communities, Inc. (NYSE:AVB) for 1.14 million shares. Kempen Nv holds 0.71% of its portfolio in AvalonBay Communities, Inc. (NYSE:AVB) for 51,789 shares. Oregon Employees Retirement Fund holds 0.04% of its portfolio in AvalonBay Communities, Inc. (NYSE:AVB) for 14,754 shares. Schroder Invest owns 28,844 shares. Bokf Na owns 3,277 shares. Liberty Mutual Gru Asset Mngmt Incorporated stated it has 5,999 shares. Cbre Clarion Ltd Liability Corporation invested in 3.54% or 1.79 million shares. Advisor Partners Ltd accumulated 3,240 shares. Moreover, New Mexico Educational Retirement Board has 0.27% invested in AvalonBay Communities, Inc. (NYSE:AVB). Advsr Asset Inc holds 0.05% of its portfolio in AvalonBay Communities, Inc. (NYSE:AVB) for 18,306 shares. Virginia Retirement Et Al has invested 0.28% in AvalonBay Communities, Inc. (NYSE:AVB). Public Employees Retirement Association Of Colorado reported 25,170 shares stake. Florida-based Texas Yale Capital Corp has invested 0.05% in AvalonBay Communities, Inc. (NYSE:AVB). Bb&T Limited Liability Co has invested 0.01% of its portfolio in AvalonBay Communities, Inc. (NYSE:AVB).

Since December 11, 2017, it had 0 buys, and 3 insider sales for $5.26 million activity. The insider Breslin Sean J. sold $273,975. Shares for $4.63M were sold by NAUGHTON TIMOTHY J on Tuesday, December 12.

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

Among 26 analysts covering Avalonbay Communities Inc. (NYSE:AVB), 11 have Buy rating, 1 Sell and 14 Hold. Therefore 42% are positive. Avalonbay Communities Inc. has $220 highest and $175.0 lowest target. $195.53’s average target is 21.33% above currents $161.15 stock price. Avalonbay Communities Inc. had 81 analyst reports since July 21, 2015 according to SRatingsIntel. On Wednesday, November 18 the stock rating was maintained by Deutsche Bank with “Buy”. The company was downgraded on Monday, April 11 by UBS. The rating was maintained by BMO Capital Markets with “Hold” on Monday, February 12. Jefferies downgraded the shares of AVB in report on Wednesday, June 8 to “Hold” rating. The stock has “Buy” rating by Mizuho on Friday, February 9. The rating was upgraded by Zelman to “Hold” on Friday, February 9. The rating was maintained by KeyBanc Capital Markets on Friday, September 22 with “Hold”. RBC Capital Markets maintained the shares of AVB in report on Monday, November 6 with “Buy” rating. The rating was downgraded by Zacks on Thursday, August 27 to “Buy”. The stock of AvalonBay Communities, Inc. (NYSE:AVB) earned “Buy” rating by UBS on Thursday, November 9.

The stock increased 1.40% or $2.23 during the last trading session, reaching $161.15. About 396,324 shares traded. AvalonBay Communities, Inc. (NYSE:AVB) has risen 6.66% since February 15, 2017 and is uptrending. It has underperformed by 10.04% the S&P500.

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 $22.25 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 25.38 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.

More notable recent AvalonBay Communities, Inc. (NYSE:AVB) news were published by: Nasdaq.com which released: “AvalonBay Communities is Oversold” on February 02, 2018, also Seekingalpha.com with their article: “BAML upgrades Essex Property, downgrades AvalonBay” published on February 13, 2018, Zacks.com published: “AvalonBay (AVB) to Post Q4 Earnings: What’s in the Offing?” on January 25, 2018. More interesting news about AvalonBay Communities, Inc. (NYSE:AVB) were released by: Businesswire.com and their article: “AvalonBay Communities, Inc. Announces 2017 Operating Results, 3.5% Dividend …” published on January 31, 2018 as well as Nasdaq.com‘s news article titled: “The Zacks Analyst Blog Highlights: AvalonBay Communities, Simon Property Group …” with publication date: January 31, 2018.

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