Should Investors Avoid AvalonBay Communities (NYSE:AVB) Shares? BidaskScore Has Just Downgraded Them

AvalonBay Communities, Inc. (NYSE:AVB) Logo

Investors sentiment is 1.25 in Q2 2019. Its the same as in 2019Q1. It is without change, as 33 investors sold AvalonBay Communities, Inc. shares while 136 reduced holdings. only 45 funds opened positions while 166 raised stakes. 139.52 million shares or 12.33% more from 124.21 million shares in 2019Q1 were reported.

Lasalle Invest Mngmt Secs Ltd Limited Liability Company invested in 7.21% or 1.31 million shares. Amica Retiree Med holds 0.25% or 1,526 shares. First In holds 0.09% or 559 shares in its portfolio. Lafayette Invs owns 1,350 shares. 8,783 were accumulated by Ls Inv Advsr Ltd Liability Co. Aew L P holds 1.04 million shares or 6.42% of its portfolio. Retirement System Of Alabama has invested 0.06% in AvalonBay Communities, Inc. (NYSE:AVB). Exane Derivatives accumulated 23 shares or 0% of the stock. Dupont Cap Mngmt holds 0.14% of its portfolio in AvalonBay Communities, Inc. (NYSE:AVB) for 30,839 shares. 18,403 are held by Mirae Asset Glob Invests. Schroder Mgmt Gru invested in 0.01% or 26,391 shares. First Hawaiian Bancorp invested 0.04% in AvalonBay Communities, Inc. (NYSE:AVB). 2,434 were reported by Synovus Financial Corp. The Massachusetts-based Eaton Vance Mngmt has invested 0.41% in AvalonBay Communities, Inc. (NYSE:AVB). Price T Rowe Md holds 0.07% or 2.51M shares in its portfolio.

AvalonBay Communities (NYSE:AVB) Receives a Downgrade

Stock analysts at the BidaskScore equities division downgraded the rating of AvalonBay Communities (NYSE:AVB) shares to a Hold on Saturday, 12 October.

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

Among 6 analysts covering AvalonBay Communities (NYSE:AVB), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. AvalonBay Communities has $22900 highest and $19400 lowest target. $220.57’s average target is 1.14% above currents $218.08 stock price. AvalonBay Communities had 15 analyst reports since April 19, 2019 according to SRatingsIntel. The rating was maintained by Citigroup on Tuesday, August 6 with “Neutral”. Morgan Stanley maintained AvalonBay Communities, Inc. (NYSE:AVB) rating on Friday, September 6. Morgan Stanley has “Equal-Weight” rating and $22900 target. On Tuesday, August 27 the stock rating was maintained by SunTrust with “Buy”. The firm has “Neutral” rating given on Tuesday, August 13 by JP Morgan. The stock of AvalonBay Communities, Inc. (NYSE:AVB) has “Outperform” rating given on Tuesday, August 13 by Wells Fargo. The rating was maintained by Barclays Capital on Friday, September 6 with “Equal-Weight”.

The stock decreased 0.27% or $0.6 during the last trading session, reaching $218.08. About 384,484 shares traded. AvalonBay Communities, Inc. (NYSE:AVB) has risen 21.27% since October 13, 2018 and is uptrending. It has outperformed by 21.27% the S&P500.

Analysts await AvalonBay Communities, Inc. (NYSE:AVB) to report earnings on November, 4. They expect $2.35 earnings per share, up 3.07 % or $0.07 from last year’s $2.28 per share. AVB’s profit will be $328.19M for 23.20 P/E if the $2.35 EPS becomes a reality. After $2.27 actual earnings per share reported by AvalonBay Communities, Inc. for the previous quarter, Wall Street now forecasts 3.52 % EPS growth.

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 $30.46 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 33.02 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: Businesswire.com which released: “AvalonBay Communities Issues Latest Corporate Responsibility Report – Business Wire” on July 09, 2019, also Seekingalpha.com with their article: “AvalonBay Is A Sell – Seeking Alpha” published on February 26, 2019, Businesswire.com published: “AvalonBay Communities Announces 2018 Dividend Income Tax Treatment – Business Wire” on January 18, 2019. More interesting news about AvalonBay Communities, Inc. (NYSE:AVB) were released by: Businesswire.com and their article: “AvalonBay Communities Completes the Sale of 80% Interest in Five Manhattan Apartment Communities – Business Wire” published on December 19, 2018 as well as Seekingalpha.com‘s news article titled: “AvalonBay: More Bad News For Apartment REITs? – Seeking Alpha” with publication date: August 10, 2016.

AvalonBay Communities, Inc. (NYSE:AVB) Institutional Positions Chart

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