In today’s session AvalonBay Communities Inc (AVB) registered an unusually high (1,241) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious AVB increase. With 1,241 contracts traded and 784 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: AVB161216C00165000 closed last at: $1.75 or 52.7% down. About 293,199 shares traded hands. AvalonBay Communities Inc (NYSE:AVB) has declined 8.57% since April 21, 2016 and is downtrending. It has underperformed by 13.90% the S&P500.
Analysts await AvalonBay Communities Inc (NYSE:AVB) to report earnings on February, 1. They expect $2.12 earnings per share, up 6.53% or $0.13 from last year’s $1.99 per share. AVB’s profit will be $295.97M for 18.81 P/E if the $2.12 EPS becomes a reality. After $2.11 actual earnings per share reported by AvalonBay Communities Inc for the previous quarter, Wall Street now forecasts 0.47% EPS growth.
AvalonBay Communities Inc (NYSE:AVB) Ratings Coverage
Out of 18 analysts covering Avalonbay Communities Inc. (NYSE:AVB), 8 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 44% are positive. $210 is the highest target while $180 is the lowest. The $194.57 average target is 21.97% above today’s ($159.52) stock price. Avalonbay Communities Inc. has been the topic of 33 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of AvalonBay Communities Inc (NYSE:AVB) earned “Market Perform” rating by Cowen & Co on Tuesday, January 12. The company was maintained on Wednesday, August 10 by Jefferies. On Friday, January 8 the stock rating was initiated by JMP Securities with “Market Perform”. The stock of AvalonBay Communities Inc (NYSE:AVB) earned “Outperform” rating by RBC Capital Markets on Friday, February 12. Sandler O’Neill upgraded AvalonBay Communities Inc (NYSE:AVB) on Tuesday, September 6 to “Buy” rating. The firm earned “” rating on Friday, July 15 by KeyBanc Capital Markets. The stock has “Buy” rating given by Suntrust Robinson on Friday, October 16. RBC Capital Markets maintained the shares of AVB in a report on Tuesday, May 3 with “Outperform” rating. The rating was upgraded by Robert W. Baird on Friday, December 11 to “Outperform”. The rating was downgraded by Bank of America to “Neutral” on Wednesday, November 23.
According to Zacks Investment Research, “AvalonBay Communities, Inc. is a real estate investment trust. They focus on the ownership and operation of upscale apartment communities in high barrier-to-entry markets of the United States. These markets include Northern and Southern California and selected states in the Mid-Atlantic, Northeast, Midwest and Pacific Northwest regions of the country. AvalonBay is the surviving corporation from the merger of Avalon Properties, Inc. with and into Bay Apartment Communities, Inc.”
Insitutional Activity: The institutional sentiment decreased to 0.79 in Q2 2016. Its down 0.47, from 1.26 in 2016Q1. The ratio dropped, as 37 funds sold all AvalonBay Communities Inc shares owned while 134 reduced positions. 47 funds bought stakes while 169 increased positions. They now own 130.20 million shares or 5.40% less from 137.63 million shares in 2016Q1.
Barnett And Company has 5,160 shares for 0.52% of their US portfolio. Cbre Clarion Ltd Limited Liability Company accumulated 2.76M shares or 3.91% of the stock. Commercial Bank Of America De owns 760,601 shares or 0.03% of their US portfolio. Apg Asset Mngmt Nv holds 344,889 shares or 0.12% of its portfolio. The Connecticut-based Cubist Systematic Strategies Ltd Liability Com has invested 0.05% in AvalonBay Communities Inc (NYSE:AVB). Phocas Financial, a California-based fund reported 11,496 shares. Adage Prtn Gru Limited Liability Company holds 0.1% or 201,782 shares in its portfolio. Sg Americas Secs Limited Liability Com, a New York-based fund reported 43,709 shares. Commonwealth Equity Svcs Inc reported 2,775 shares or 0% of all its holdings. Stevens Cap Management Lp accumulated 0.57% or 78,620 shares. Lazard Asset Lc has 0.02% invested in the company for 55,491 shares. Advisors Preferred Ltd Liability Co holds 0.01% of its portfolio in AvalonBay Communities Inc (NYSE:AVB) for 130 shares. Advisor Ptnrs last reported 0.11% of its portfolio in the stock. Morgan Stanley holds 0.19% of its portfolio in AvalonBay Communities Inc (NYSE:AVB) for 2.98M shares. California State Teachers Retirement System has 298,788 shares for 0.12% of their US portfolio.
Insider Transactions: Since August 8, 2016, the stock had 0 insider buys, and 2 insider sales for $1.48 million net activity. Birenbaum Matthew H. sold 6,984 shares worth $1.29M. Breslin Sean J. also sold $185,711 worth of AvalonBay Communities Inc (NYSE:AVB) on Tuesday, August 9.
AvalonBay Communities, Inc. is a real estate investment trust. The company has a market cap of $22.27 billion. The Firm focuses 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 23.21 P/E ratio. It operates through divisions, which include Established Communities, Other Stabilized Communities and Development/Redevelopment Communities.
AVB Company Profile
AvalonBay Communities, Inc., incorporated on March 13, 1995, is a real estate investment trust (REIT). The Firm focuses 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. The Firm operates through divisions, which include Established Communities, Other Stabilized Communities and Development/Redevelopment Communities. The Firm owns or holds an interest in approximately 260 operating apartment communities containing over 75,380 apartment homes in approximately 10 states and the District of Columbia, of which over 10 communities containing approximately 3,430 apartment homes are under reconstruction. The Firm operates its apartment communities under three core brands: Avalon, AVA and Eaves by Avalon.
More important recent AvalonBay Communities Inc (NYSE:AVB) news were published by: Forbes.com which released: “AvalonBay Communities Enters Oversold Territory” on August 24, 2016, also Businesswire.com published article titled: “AvalonBay Communities, Inc. Announces First Quarter 2016 Operating Results”, Businesswire.com published: “AvalonBay Communities, Inc. Announces Third Quarter 2016 Operating Results” on October 24, 2016. More interesting news about AvalonBay Communities Inc (NYSE:AVB) was released by: Moodys.com and their article: “Moody’s upgrades AvalonBay to A3, outlook stable” with publication date: October 07, 2016.
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