UBS Has Just Issued an Upgrade of AvalonBay (NYSE:AVB) with a $206.0 Target Price per Share

February 15, 2018 - By Rodney Autry

  UBS Has Just Issued an Upgrade of AvalonBay (NYSE:AVB) with a $206.0 Target Price per Share

Investors sentiment increased to 1.27 in 2017 Q3. Its up 0.41, from 0.86 in 2017Q2. It is positive, 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.

168,438 are owned by First Trust L P. Lazard Asset Mngmt Ltd Liability Company invested in 17,887 shares. Guggenheim Llc reported 287,634 shares or 0.12% of all its holdings. Independent Order Of Foresters, a Ontario – Canada-based fund reported 26,174 shares. American Invest Serv has invested 0.25% in AvalonBay Communities, Inc. (NYSE:AVB). Westpac Bk Corporation, Australia-based fund reported 293,146 shares. Clinton Grp holds 8,164 shares or 0.16% of its portfolio. Voya Limited Com has invested 0.03% of its portfolio in AvalonBay Communities, Inc. (NYSE:AVB). Gemmer Asset Management Ltd Co invested in 387 shares or 0.03% of the stock. Levin Strategies L P holds 3,700 shares. State Board Of Administration Of Florida Retirement Systems stated it has 215,920 shares. Norinchukin Bancorporation The holds 0.04% or 10,277 shares. Teacher Retirement Sys Of Texas stated it has 27,076 shares or 0.03% of all its holdings. Employees Retirement Of Texas accumulated 8,000 shares. Balyasny Asset Limited Liability Corp holds 0.32% or 455,598 shares.

Since December 11, 2017, it had 0 buys, and 3 selling transactions for $5.26 million activity. Another trade for 25,160 shares valued at $4.63M was sold by NAUGHTON TIMOTHY J. Shares for $365,500 were sold by HOREY LEO S III on Monday, December 11.

AvalonBay (NYSE:AVB) Stock Upgrade

Shares of AvalonBay (NYSE:AVB) stock were upgraded to a “Buy” by expert analysts at UBS, who now have a target price set at $206.0 on AVB. This target is 27.83 % from AVB’s current share price.

Investors sentiment increased to 1.27 in 2017 Q3. Its up 0.41, from 0.86 in 2017Q2. It is positive, 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.

168,438 are owned by First Trust L P. Lazard Asset Mngmt Ltd Liability Company invested in 17,887 shares. Guggenheim Llc reported 287,634 shares or 0.12% of all its holdings. Independent Order Of Foresters, a Ontario – Canada-based fund reported 26,174 shares. American Invest Serv has invested 0.25% in AvalonBay Communities, Inc. (NYSE:AVB). Westpac Bk Corporation, Australia-based fund reported 293,146 shares. Clinton Grp holds 8,164 shares or 0.16% of its portfolio. Voya Limited Com has invested 0.03% of its portfolio in AvalonBay Communities, Inc. (NYSE:AVB). Gemmer Asset Management Ltd Co invested in 387 shares or 0.03% of the stock. Levin Strategies L P holds 3,700 shares. State Board Of Administration Of Florida Retirement Systems stated it has 215,920 shares. Norinchukin Bancorporation The holds 0.04% or 10,277 shares. Teacher Retirement Sys Of Texas stated it has 27,076 shares or 0.03% of all its holdings. Employees Retirement Of Texas accumulated 8,000 shares. Balyasny Asset Limited Liability Corp holds 0.32% or 455,598 shares.

Since December 11, 2017, it had 0 buys, and 3 selling transactions for $5.26 million activity. Another trade for 25,160 shares valued at $4.63M was sold by NAUGHTON TIMOTHY J. Shares for $365,500 were sold by HOREY LEO S III on Monday, December 11.

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. The firm has “Hold” rating given on Friday, July 15 by Evercore. The rating was upgraded by Sandler O’Neill on Tuesday, September 6 to “Buy”. The rating was initiated by JMP Securities on Friday, January 8 with “Market Perform”. The firm has “Hold” rating by BMO Capital Markets given on Monday, July 3. Jefferies maintained the stock with “Hold” rating in Tuesday, May 30 report. The rating was maintained by Barclays Capital with “Equal-Weight” on Tuesday, January 30. The firm earned “Buy” rating on Wednesday, November 1 by Stifel Nicolaus. The firm has “Buy” rating given on Wednesday, November 18 by Deutsche Bank. The firm earned “Outperform” rating on Tuesday, May 3 by RBC Capital Markets. The company was maintained on Monday, November 6 by Mizuho.

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