Apg Asset Management Us INC Lowered Its Avalonbay Cmntys INC (AVB) Position by $46.10 Million; Share Value Declined

April 17, 2018 - By Nellie Frank

AvalonBay Communities, Inc. (NYSE:AVB) LogoInvestors sentiment increased to 1.28 in 2017 Q4. Its up 0.01, from 1.27 in 2017Q3. It is positive, as 31 investors sold AVB shares while 129 reduced holdings. 55 funds opened positions while 150 raised stakes. 127.43 million shares or 0.60% less from 128.20 million shares in 2017Q3 were reported. Pub Sector Pension Board has invested 0.01% in AvalonBay Communities, Inc. (NYSE:AVB). Alliancebernstein Ltd Partnership holds 0.04% or 322,950 shares. Lord Abbett And Ltd Company owns 304,350 shares. Johnson Inv Counsel Inc holds 0.01% in AvalonBay Communities, Inc. (NYSE:AVB) or 2,084 shares. Hexavest has 0% invested in AvalonBay Communities, Inc. (NYSE:AVB). Susquehanna Grp Incorporated Llp stated it has 0% of its portfolio in AvalonBay Communities, Inc. (NYSE:AVB). Canada Pension Plan Invest Board holds 0.15% or 442,547 shares in its portfolio. Stratos Wealth Limited invested 0% of its portfolio in AvalonBay Communities, Inc. (NYSE:AVB). Lafayette Invests Inc holds 0.09% or 1,350 shares in its portfolio. State Of Tennessee Treasury Department has 0.05% invested in AvalonBay Communities, Inc. (NYSE:AVB). Dupont Capital Management reported 36,646 shares. Principal Finance Gp Inc has invested 0.47% in AvalonBay Communities, Inc. (NYSE:AVB). Moreover, Los Angeles Capital And Equity Rech Inc has 0.15% invested in AvalonBay Communities, Inc. (NYSE:AVB). Hightower Advisors Limited Liability Company has invested 0.01% in AvalonBay Communities, Inc. (NYSE:AVB). Moreover, Chicago Equity Prtnrs Ltd has 0.09% invested in AvalonBay Communities, Inc. (NYSE:AVB).

Since December 11, 2017, it had 0 buys, and 3 sales for $5.26 million activity. 2,000 shares valued at $365,500 were sold by HOREY LEO S III on Monday, December 11. Breslin Sean J. also sold $273,975 worth of AvalonBay Communities, Inc. (NYSE:AVB) shares.

Apg Asset Management Us Inc decreased its stake in Avalonbay Cmntys Inc (AVB) by 6.98% based on its latest 2017Q4 regulatory filing with the SEC. Apg Asset Management Us Inc sold 259,000 shares as the company’s stock declined 9.81% with the market. The institutional investor held 3.45 million shares of the consumer services company at the end of 2017Q4, valued at $616.01 million, down from 3.71 million at the end of the previous reported quarter. Apg Asset Management Us Inc who had been investing in Avalonbay Cmntys Inc for a number of months, seems to be less bullish one the $23.08 billion market cap company. The stock increased 0.60% or $1 during the last trading session, reaching $167. About 389,299 shares traded. AvalonBay Communities, Inc. (NYSE:AVB) has declined 13.10% since April 17, 2017 and is downtrending. It has underperformed by 24.65% the S&P500.

Apg Asset Management Us Inc, which manages about $71.11B and $12.19B US Long portfolio, upped its stake in Equity Residential (NYSE:EQR) by 61,600 shares to 15.12M shares, valued at $964.33 million in 2017Q4, according to the filing. It also increased its holding in Hcp Inc (NYSE:HCP) by 209,500 shares in the quarter, for a total of 4.11 million shares, and has risen its stake in Alexandria Real Estate Eq In (NYSE:ARE).

Analysts await AvalonBay Communities, Inc. (NYSE:AVB) to report earnings on April, 25. They expect $2.19 EPS, up 4.78 % or $0.10 from last year’s $2.09 per share. AVB’s profit will be $302.69 million for 19.06 P/E if the $2.19 EPS becomes a reality. After $2.25 actual EPS reported by AvalonBay Communities, Inc. for the previous quarter, Wall Street now forecasts -2.67 % negative EPS growth.

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

Among 19 analysts covering AvalonBay (NYSE:AVB), 9 have Buy rating, 0 Sell and 10 Hold. Therefore 47% are positive. AvalonBay had 30 analyst reports since October 20, 2017 according to SRatingsIntel. Bank of America downgraded the stock to “Neutral” rating in Tuesday, February 13 report. The stock of AvalonBay Communities, Inc. (NYSE:AVB) has “Hold” rating given on Monday, October 30 by Cantor Fitzgerald. The stock of AvalonBay Communities, Inc. (NYSE:AVB) has “Buy” rating given on Friday, February 2 by SunTrust. The rating was maintained by Jefferies on Friday, April 13 with “Hold”. The stock of AvalonBay Communities, Inc. (NYSE:AVB) earned “Hold” rating by KeyBanc Capital Markets on Monday, October 23. The firm has “Hold” rating by Zelman given on Friday, February 9. The stock of AvalonBay Communities, Inc. (NYSE:AVB) earned “Buy” rating by SunTrust on Monday, January 22. The stock of AvalonBay Communities, Inc. (NYSE:AVB) has “Hold” rating given on Wednesday, January 31 by Jefferies. The rating was maintained by BMO Capital Markets with “Hold” on Friday, March 2. Barclays Capital maintained the shares of AVB in report on Tuesday, January 30 with “Equal-Weight” rating.

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

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