Advantus Capital Management INC Increased Its Avalonbay Communities INC (AVB) Stake as Shares Declined

April 17, 2018 - By Michele Cranor

AvalonBay Communities, Inc. (NYSE:AVB) Corporate LogoDuring 2017 Q4 the big money sentiment increased to 1.28. That’s change of 0.01, from 2017Q3’s 1.27. 31 investors sold all, 129 reduced holdings as AVB ratio improved. 150 rose holdings while 55 funds acquired holdings. Funds hold 127.43 million shares thus 0.60% less from 2017Q3’s 128.20 million shares. Spirit Of America has invested 0.29% in AvalonBay Communities, Inc. (NYSE:AVB). Covington Cap Mgmt invested in 0.04% or 3,600 shs. Highbridge Cap Mngmt Ltd holds 0.07% or 22,000 shs in its capital. Profund Advisors Limited Com holds 6,792 shs. Miles owns 1,243 shs. 681 are held by Bartlett & Limited Liability. Moreover, Hartford Invest Mgmt has 0.09% invested in AvalonBay Communities, Inc. (NYSE:AVB). Comml Bank Of Montreal Can has 0.02% invested in AvalonBay Communities, Inc. (NYSE:AVB). 322,950 were accumulated by Alliancebernstein L P. Swiss National Bank & Trust stated it has 873,680 shs. Martingale Asset Management LP invested 0.05% in AvalonBay Communities, Inc. (NYSE:AVB). Lombard Odier Asset Mgmt (Europe) Limited accumulated 0.02% or 1,701 shs. Riverhead Cap Llc has invested 0.04% in AvalonBay Communities, Inc. (NYSE:AVB). Asset One Limited invested in 539,993 shs or 0.21% of the stock. Monetary reported 125 shs stake.

AVB had 3 sales and 0 buys since December 11, 2017. This’s net activity of $5.26 million. $273,975 worth of AvalonBay Communities, Inc. (NYSE:AVB) was sold by Breslin Sean J. on Monday, December 11. The insider NAUGHTON TIMOTHY J sold 25,160 shs worth $4.63M.

Advantus Capital Management Inc increased its holdings by 30.33% in Avalonbay Communities Inc (AVB), according to 2017Q4 SEC filling. 51,255 shares were bought by Advantus Capital Management Inc as the company’s stock declined 9.81% with the market. The institutional investor is holding 220,254 shares, compared to the 168,999 from the previous quarter. And the announced value of the consumer services company is $39.30 million for the 2017Q4. Avalonbay Communities Inc has $22.94B MC. On during the last trading session the stock decreased $0.53 or 0.32%, reaching $166.Currently AvalonBay Communities, Inc. is downtrending after 13.10% change in last April 17, 2017. AVB has also 604,559 shares volume. AVB underperformed the S&P500 by 24.65%.

A portfolio of $27.77B and $4.05 billion is managed by Advantus Capital Management Inc. As it’s announced in SEC filling the stake in Brixmor Property Group Inc (NYSE:BRX) is decreased by 352,700 shares to 434,200 shares. They are valued at $8.10M in 2017Q4. Advantus Capital Management Inc has cut its stake in Apartment Investment & Management Co (NYSE:AIV) and also reduced its holding in Vornado Realty Trust (NYSE:VNO) by 380,462 shares in the quarter, for a total of 29,007 shares.

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

In total 19 analysts cover AvalonBay (NYSE:AVB). “Buy” rating has 9, “Sell” are 0, while 10 are “Hold”. 47% are bullish. With $220.0 highest and $16600 lowest [Target] AvalonBay has $187.36 average [Target] or 12.87% above the current ($166) price. 30 are the (NYSE:AVB)’s analyst reports since October 20, 2017 according to StockzIntelligence Inc. On Friday, March 2 the firm earned “Buy” rating by Robert W. Baird. The stock rating was downgraded by J.P. Morgan to “Hold” on Friday, December 15. On Monday, October 30 Cantor Fitzgerald maintained AvalonBay Communities, Inc. (NYSE:AVB) rating. Cantor Fitzgerald has “Hold” rating and $191.0 target. On Friday, February 2 the firm has “Buy” rating given by SunTrust. On Monday, November 27 BMO Capital Markets maintained the shares of AVB in report with “Hold” rating. On Friday, February 9 the rating was upgraded by Zelman to “Hold”. On Friday, November 10 the stock of AvalonBay Communities, Inc. (NYSE:AVB) has “Buy” rating given by Robert W. Baird. On Friday, February 9 the firm has “Buy” rating given by Mizuho. On Friday, December 15 the firm has “Neutral” rating given by JP Morgan. On Monday, February 12 the rating was maintained by BMO Capital Markets with “Hold”.

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

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