BidaskScore Has Just Given AvalonBay Communities (NYSE:AVB) a Lower Rating. Are Other Analysts Next?

AvalonBay Communities, Inc. (NYSE:AVB) Logo

Investors sentiment is 1.25 in 2019 Q2. Its the same as in 2019Q1. It is the same, 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.

Bamco holds 0% or 454 shares. Trust Of Vermont holds 44 shares. Stephens Incorporated Ar holds 0.05% or 9,887 shares in its portfolio. Meiji Yasuda Asset Mgmt stated it has 0.3% in AvalonBay Communities, Inc. (NYSE:AVB). Schroder Mngmt Grp owns 26,391 shares. Credit Suisse Ag stated it has 410,017 shares or 0.07% of all its holdings. Retirement Systems Of Alabama holds 65,008 shares or 0.06% of its portfolio. Lederer & Associate Counsel Ca accumulated 2,163 shares. Raymond James Fin Svcs, Florida-based fund reported 1,681 shares. E&G Advisors Lp stated it has 0.11% of its portfolio in AvalonBay Communities, Inc. (NYSE:AVB). Oakbrook Limited Liability Company, Illinois-based fund reported 6,340 shares. Old Second Bancorporation Of Aurora has invested 0.01% in AvalonBay Communities, Inc. (NYSE:AVB). Bartlett Ltd Liability Co holds 0% or 240 shares in its portfolio. Pennsylvania-based Stevens Capital Limited Partnership has invested 0.23% in AvalonBay Communities, Inc. (NYSE:AVB). Element Limited Company stated it has 5,570 shares.

AvalonBay Communities (NYSE:AVB) Receives a Downgrade

The rating of AvalonBay Communities (NYSE:AVB) was cut today by equity analysts at BidaskScore to a “Hold” rating in an analyst note.

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. SunTrust maintained AvalonBay Communities, Inc. (NYSE:AVB) on Tuesday, August 27 with “Buy” rating. The firm has “Neutral” rating given on Tuesday, August 6 by Citigroup. The company was maintained on Friday, September 6 by Barclays Capital. The rating was maintained by JP Morgan with “Neutral” on Tuesday, August 13. The stock of AvalonBay Communities, Inc. (NYSE:AVB) has “Outperform” rating given on Tuesday, August 13 by Wells Fargo. The rating was maintained by Morgan Stanley with “Equal-Weight” on Friday, September 6.

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 $328.19 million 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: Bizjournals.com which released: “Rosslyn extended-stay apartment tower sells for $70 million – Washington Business Journal” on January 18, 2019, also Businesswire.com with their article: “AvalonBay Communities Completes the Sale of 80% Interest in Five Manhattan Apartment Communities – Business Wire” published on December 19, 2018, Seekingalpha.com published: “AvalonBay Communities: Limited Space For A Further Price Increase – Seeking Alpha” on July 09, 2019. More interesting news about AvalonBay Communities, Inc. (NYSE:AVB) were released by: Finance.Yahoo.com and their article: “AvalonBay (AVB) Up 1% Since Last Earnings Report: Can It Continue? – Yahoo Finance” published on March 06, 2019 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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