Baird Reiterates "Buy" Rating for AvalonBay Communities (AVB)
Baird Reiterates "Buy" Rating for AvalonBay Communities (AVB)
14 January, 2018, 02:46
Castine Capital Management Llc sold 308,322 shares as the company's stock declined 13.35% while stock markets rallied. The institutional investor held 3.71M shares of the consumer services company at the end of 2017Q3, valued at $662.26M, down from 3.87M at the end of the previous reported quarter. Avalonbay Cmntys Inc now has $23.23B valuation. The stock decreased 0.19% or $0.05 during the last trading session, reaching $25.95. About 399,467 shares traded. Kraton Corporation (NYSE:KRA) has risen 32.40% since January 13, 2017 and is uptrending. Duff & Phelps Investment Management Co bought 52,595 shares as the company's stock rose 7.12% with the market. The Susquehanna International Group Llp holds 4,238 shares with $756,000 value, down from 138,000 last quarter.
New Senior Investment Group Inc is a real estate investment trust with a diversified portfolio of primarily private pay senior housing properties located across the United States.
The stock increased 2.14% or $0.3 during the last trading session, reaching $14.35. 422,884 shares of the company traded hands, compared to its average volume of 736,158.
AvalonBay Communities (NYSE:AVB) last issued its earnings results on Wednesday, February 1st. It has underperformed by 2.41% the S&P500.
Analysts await Sterling Bancorp (NYSE:STL) to report earnings on January, 23. They expect $0.79 earnings per share, up 172.41% or $0.50 from last year's $0.29 per share. After $1.51 actual earnings per share reported by Kraton Corporation for the previous quarter, Wall Street now forecasts -47.68% negative EPS growth.
Since October 16, 2017, it had 0 insider purchases, and 1 sale for $49,640 activity. Jung Holger R. had sold 21,202 shares worth $840,374. (NYSE:AVB) opened at 175.72 on Wednesday.
MML Investors Services LLC increased its holdings in shares of New Senior Investment Group by 2.9% in the second quarter. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $2.17 by ($0.45). Rampart Inv Mngmt Limited Liability Corp holds 0.11% or 1,890 shares. Tci Wealth Advisors owns 0% invested in Kraton Corporation (NYSE:KRA) for 34 shares. Wedge Capital Mgmt L LP Nc reported 0% in Kraton Corporation (NYSE:KRA). Victory Management, a Ohio-based fund reported 3.26 million shares. Finally, Institutional & Family Asset Management LLC acquired a new stake in shares of New Senior Investment Group in the third quarter valued at approximately $102,000. Morgan Stanley has 3.27 million shares for 0.02% of their portfolio. Korea Investment Corporation holds 0.14% or 171,271 shares in its portfolio. Profund Advsr Lc invested 0.03% in Sterling Bancorp (NYSE:STL). Corsair Cap Mngmt Limited Partnership stated it has 195,577 shares. Quantitative Systematic Strategies Ltd has invested 0.58% in Sterling Bancorp (NYSE:STL). Lsv Asset reported 417,287 shares stake.
Forward Management Llc increased Taiwan Semiconductor Mfg Ltd (NYSE:TSM) stake by 35,763 shares to 144,629 valued at $5.43M in 2017Q3. Millennium Limited Liability stated it has 437,274 shares. The firm has "Buy" rating given on Friday, August 4 by RBC Capital Markets. Therefore 25% are positive. Kraton Performance Polymers had 6 analyst reports since October 27, 2015 according to SRatingsIntel. Jefferies maintained it with "Hold" rating and $187 target in Wednesday, August 10 report. KeyBanc Capital Markets maintained the shares of AVB in report on Friday, September 22 with "Hold" rating. (NYSE:AVB) has "Buy" rating given on Friday, October 20 by RBC Capital Markets.
Investors sentiment decreased to 0.9 in 2017 Q3. Its up 0.41, from 0.86 in 2017Q2. 10 funds opened positions while 19 raised stakes. Deutsche Bankshares Ag reported 9,021 shares. Principal Financial Group Inc. acquired a new stake in shares of New Senior Investment Group in the second quarter valued at approximately $101,000. Ibm Retirement Fund invested 0.12% of its portfolio in AvalonBay Communities, Inc. Philadelphia Trust Com owns 162,275 shares for 0.23% of their portfolio. Aew Capital Mgmt Limited Partnership accumulated 1.21 million shares. Zacks Investment Research now has $8.75 price objective on the real estate investment trust's stock. Federated Invsts Inc Pa owns 293 shares. Independent Order Of Foresters who had been investing in Avalonbay Communities Inc. for a number of months, seems to be bullish on the $23.23 billion market cap company. (NYSE:AVB). Nomura Holdg accumulated 8,880 shares. Texas Permanent School Fund reported 38,267 shares stake. First Interstate Comml Bank, Montana-based fund reported 600 shares.
Since December 11, 2017, it had 0 buys, and 3 selling transactions for $5.26 million activity. $273,975 worth of stock was sold by Breslin Sean J. on Monday, December 11. The insider HOREY LEO S III sold 2,000 shares worth $365,500. Cantor Fitzgerald set a $178.00 price objective on shares of AvalonBay Communities and gave the stock a "hold" rating in a report on Tuesday, December 6th. Putnam Ltd Liability Corporation owns 56,844 shares. Amazon Com Inc (Call) (NASDAQ:AMZN) was raised too. AvalonBay Communities has a one year low of $167.51 and a one year high of $199.52. The business's quarterly revenue was up 6.6% compared to the same quarter past year. STL's profit will be $96.62M for 15.09 P/E if the $0.43 EPS becomes a reality.
Among 25 analysts covering Avalonbay Communities Inc.
Zacks Investment Research upgraded shares of New Senior Investment Group (NYSE:SNR) from a hold rating to a buy rating in a research report sent to investors on Friday, January 5th. Therefore 48% are positive.
More important recent AvalonBay Communities, Inc. Baird now has a $187.00 price target on the real estate investment trust's stock. Avalonbay Communities Inc. had 70 analyst reports since July 21, 2015 according to SRatingsIntel. (NYSE:AVB). Swiss Bank & Trust invested 0.17% in AvalonBay Communities, Inc. The firm earned "Buy" rating on Tuesday, August 18 by Zacks. AvalonBay Communities had a return on equity of 8.66% and a net margin of 41.55%.
Among 12 analysts covering Sterling Bancorp (NYSE:STL), 9 have Buy rating, 0 Sell and 3 Hold. Bank of America downgraded AvalonBay Communities, Inc. As per Wednesday, August 10, the company rating was maintained by Jefferies. BB&T Capital initiated it with "Underweight" rating and $185.50 target in Tuesday, November 10 report.
Finally, Parkside Financial Bank & Trust boosted its position in shares of Walgreens Boots Alliance by 0.4% in the third quarter. This buyback authorization permits the pharmacy operator to repurchase shares of its stock through open market purchases.
The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. WestRock Company is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets.
The stock of Packaging Corporation of America (NYSE:PKG) earned "Hold" rating by KeyBanc Capital Markets on Monday, September 11. After $0.52 actual EPS reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts 273.08% EPS growth.
Finally, Citigroup Inc. raised their target price on Kimberly-Clark Corporation to $126.00 in a report on Wednesday, January 25th. It dived, as 44 investors sold NSC shares while 341 reduced holdings. 77 funds opened positions while 137 raised stakes.
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