Published: Sun, January 14, 2018
Business | By Tara Barton

KeyCorp Comments on AvalonBay Communities, Inc.'s Q1 2018 Earnings (NYSE:AVB)


AVB's profit would be $310.71M giving it 18.86 P/E if the $2.25 EPS is correct. AvalonBay Communities's dividend payout ratio is presently 88.75%.

Shares of AvalonBay Communities (NYSE AVB) traded down $1.54 during mid-day trading on Tuesday, reaching $168.23. The company had a trading volume of 667,315 shares. AvalonBay Communities, Inc. (NYSE:AVB) has risen 6.66% since January 12, 2017 and is uptrending. It has underperformed by 2.41% the S&P500.

Mobile Mini Incorporated (NASDAQ:MINI) had an increase of 14.76% in short interest. AP's total short interest was 199,300 shares in January as published by FINRA. Retirement Of Alabama, a Alabama-based fund reported 163,935 shares. About 643,653 shares traded. Cincinnati Financial Corporation (NASDAQ:CINF) has risen 2.05% since January 13, 2017 and is uptrending. It has underperformed by 29.95% the S&P500.

Investors sentiment decreased to 1.53 in 2017 Q3. Its up 0.41, from 0.86 in 2017Q2. Nisa Investment Advisors LLC raised its position in AvalonBay Communities by 40.7% in the fourth quarter. 128.20 million shares or 3.63% less from 133.03 million shares in 2017Q2 were reported. WFG Advisors LP lifted its position in AvalonBay Communities by 24.9% during the second quarter. Alpha Windward Limited Liability Corp invested in 170 shares or 0.02% of the stock. (NYSE:AVB). Kentucky Retirement stated it has 8,460 shares. Utah Retirement reported 0.12% stake. Livingston Gru Asset Mngmt Company (Operating As Southport Cap Management) owns 17,643 shares. France-based Bnp Paribas Asset Hldg Sa has invested 0.05% in AvalonBay Communities, Inc. Korea Investment Corporation holds 0.14% or 171,271 shares in its portfolio. (NYSE:AVB). Forward Ltd Liability has 0.2% invested in AvalonBay Communities, Inc. Principal Gru reported 0.51% in AvalonBay Communities, Inc. (NYSE:AVB) news were published by: Seekingalpha.com which released: "AvalonBay: More Bad News For Apartment REITs?" on August 10, 2016, also Nasdaq.com published article titled: "Relative Strength Alert For AvalonBay Communities", Seekingalpha.com published: "Manhattan apartment rents down the most since 2014" on January 11, 2018. Retail Bank Of America De stated it has 913,562 shares or 0.03% of all its holdings. Sumitomo Mitsui holds 574,135 shares. It increased, as 36 investors sold A. O. Smith Corporation shares while 132 reduced holdings.

Also, insider Leo S. Horey III sold 2,000 shares of AvalonBay Communities stock in a transaction on Monday, December 4th.

European Union invests $1.2bn in supercomputers to compete with China, US
There will also be two "mid-range systems", which will be able to handle tens of millions of billions of calculations per second. The Commission expects that member states will chip in another €500m-plus for a total spend of over €1 billion by the year 2020.

In other news, CEO Timothy J. Naughton sold 25,160 shares of the stock in a transaction dated Tuesday, December 12th.

Analysts await Sterling Bancorp (NYSE:STL) to report earnings on January, 23. As per Wednesday, May 17, the company rating was downgraded by Deutsche Bank. (NYSE:AVB) or 50,565 shares. $3.24M worth of stock was sold by JONES PAUL W on Thursday, August 3. KeyCorp has a "Hold" rating on the stock. Therefore 48% are positive. The firm earned "Outperform" rating on Wednesday, September 30 by RBC Capital Markets. Suntrust Robinson maintained it with "Buy" rating and $200 target in Friday, October 16 report. Robert W. Baird maintained AvalonBay Communities, Inc.

WARNING: "Stock Traders Buy Large Volume of AvalonBay Communities Call Options (NYSE:AVB)" was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal.

Among 4 analysts covering Cincinnati Fincl (NASDAQ:CINF), 1 have Buy rating, 1 Sell and 2 Hold. The firm earned "Hold" rating on Friday, December 15 by J.P. Morgan. Deutsche Bank maintained AvalonBay Communities, Inc. (NYSE:AVB). Envestnet Asset owns 8,805 shares. The company has an average rating of "Hold" and an average target price of $200.40. JPMorgan Chase & Co. lowered shares of AvalonBay Communities from an overweight rating to a neutral rating and set a $211.00 price target on the stock.in a report on Friday, December 15th. As per Wednesday, July 26, the company rating was maintained by Maxim Group. The Company 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 company has market cap of $10.94 billion. It has a 31.2 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.

Investors sentiment increased to 1.27 in 2017 Q3. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $2.17 by ($0.45). It improved, as 27 investors sold AVB shares while 128 reduced holdings. 23 funds opened positions while 52 raised stakes. Ny State Teachers Retirement Systems reported 0.01% stake. Aew Capital Mgmt Limited Partnership accumulated 1.21 million shares. 91,110 are owned by Legal General Group Public Ltd Co. Tci Wealth Inc invested 0% in Cincinnati Financial Corporation (NASDAQ:CINF). Chilton Cap Management Ltd Liability Com holds 2.08% or 121,228 shares in its portfolio. (NASDAQ:MINI) or 13,267 shares. Eii Capital holds 0.31% or 4,619 shares in its portfolio. Quantitative Systematic Strategies Ltd has invested 0.58% in Sterling Bancorp (NYSE:STL). (NASDAQ:MINI). Vanguard Grp Inc accumulated 4.20 million shares. (NASDAQ:MINI) for 9,625 shares. Millennium Limited Liability stated it has 437,274 shares. Advantus Capital Management reported 168,999 shares. Company insiders own 0.46% of the company's stock. The Connecticut-based Lapides Asset Mgmt Llc has invested 2.12% in Kraton Corporation (NYSE:KRA). Usca Ria Limited Co reported 2,270 shares. UBS Group raised shares of AvalonBay Communities from a neutral rating to a buy rating and lifted their price objective for the company from $190.00 to $206.00 in a report on Thursday, November 9th. Therefore 75% are positive. 15,939 were reported by Ls Investment Lc. Needham maintained Mobile Mini, Inc. (NYSE:AVB) for 152,262 shares. The rating was maintained by SunTrust on Wednesday, October 11 with "Buy". The company was maintained on Tuesday, September 5 by RBC Capital Markets. Evercore upgraded the stock to "Buy" rating in Monday, November 28 report. The firm has "Hold" rating by Sidoti given on Friday, October 13. The company was maintained on Monday, October 9 by RBC Capital Markets. The company was maintained on Thursday, August 31 by Robert W. Baird. Barclays Capital maintained the shares of AVB in report on Tuesday, July 18 with "Equal-Weight" rating.

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