Short Interest to Follow: It Seems Avalonbay Communities Incorporated (NYSE:AVB) Will Go Up. Just Reported Less Shorted Shares

November 25, 2016 - By kentuckypostne   ·   0 Comments

Short Interest to Follow: It Seems Avalonbay Communities Incorporated (NYSE:AVB) Will Go Up. Just Reported Less Shorted Shares

The stock of Avalonbay Communities Incorporated (NYSE:AVB) registered a decrease of 3.16% in short interest. AVB’s total short interest was 3.99M shares in November as published by FINRA. Its down 3.16% from 4.12M shares, reported previously. With 782,900 shares average volume, it will take short sellers 5 days to cover their AVB’s short positions. The short interest to Avalonbay Communities Incorporated’s float is 2.92%. The stock decreased 1.23% or $1.99 on November 23, hitting $160.44. AvalonBay Communities Inc (NYSE:AVB) has declined 10.95% since April 22, 2016 and is downtrending. It has underperformed by 16.36% the S&P500.

AvalonBay Communities, Inc. is a real estate investment trust. The company has a market cap of $21.77 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 23.34 P/E ratio. It operates through divisions, which include Established Communities, Other Stabilized Communities and Development/Redevelopment Communities.

Insitutional Activity: The institutional sentiment decreased to 0.79 in 2016 Q2. Its down 0.47, from 1.26 in 2016Q1. The ratio is negative, 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.
Verition Fund Mngmt Ltd Liability Co accumulated 0.08% or 3,634 shares. Sandy Spring Commercial Bank has invested 0% of its portfolio in AvalonBay Communities Inc (NYSE:AVB). Century Cos holds 0.07% or 360,598 shares in its portfolio. Numeric Investors Ltd Liability Corporation accumulated 0.04% or 25,600 shares. Retirement Of Alabama has 146,228 shares for 0.15% of their US portfolio. Herndon Cap Ltd Liability last reported 13 shares in the company. Glenmede Co Na last reported 2,132 shares in the company. Pacific Heights Asset Lc has 125,000 shares for 2.06% of their US portfolio. Kayne Anderson Rudnick Invest Mngmt Ltd Limited Liability Company, a California-based fund reported 8,163 shares. Northern Trust owns 2.13M shares or 0.12% of their US portfolio. The Australia-based Westpac Banking Corp has invested 0% in AvalonBay Communities Inc (NYSE:AVB). Edgewood Mngmt Lc last reported 1,237 shares in the company. Ing Groep Nv accumulated 0.01% or 4,836 shares. Magnetar Fincl Ltd owns 3,380 shares or 0.01% of their US portfolio. Axa last reported 149,165 shares in the company.

Insider Transactions: Since August 8, 2016, the stock had 0 insider buys, and 2 selling transactions for $1.48 million net activity. Breslin Sean J. sold $185,711 worth of AvalonBay Communities Inc (NYSE:AVB) on Tuesday, August 9. Birenbaum Matthew H. also sold $1.29M worth of AvalonBay Communities Inc (NYSE:AVB) shares.

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. Avalonbay Communities Inc. has been the topic of 33 analyst reports since July 21, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained it with “Outperform” rating and $198 target price in Tuesday, May 3 report. KeyBanc Capital Markets downgraded AvalonBay Communities Inc (NYSE:AVB) on Friday, July 15 to “” rating. The stock of AvalonBay Communities Inc (NYSE:AVB) earned “Buy” rating by SunTrust on Tuesday, July 21. Bank of America downgraded AvalonBay Communities Inc (NYSE:AVB) on Wednesday, November 23 to “Neutral” rating. The firm earned “Equal-Weight” rating on Thursday, April 14 by Barclays Capital. The rating was initiated by BB&T Capital on Tuesday, November 10 with “Underweight”. The stock of AvalonBay Communities Inc (NYSE:AVB) has “Neutral” rating given on Monday, April 11 by UBS. The company was maintained on Friday, October 16 by Suntrust Robinson. The firm has “Market Perform” rating given on Friday, January 8 by JMP Securities. The company was maintained on Wednesday, August 10 by Jefferies.

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 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 the news titled: “AvalonBay Communities, Inc. Announces First Quarter 2016 Operating Results” on April 27, 2016. Moodys.com‘s news article titled: “Moody’s upgrades AvalonBay to A3, outlook stable” with publication date: October 07, 2016 was also an interesting one.

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