AvalonBay Communities, Inc. (AVB) Reaches $168.23 52 Week Low; Hitchwood Capital Management LP Has Upped Salesforce Com (CRM) Position

January 14, 2018 - By Darrin Black

The stock of AvalonBay Communities, Inc. (NYSE:AVB) hit a new 52-week low and has $161.50 target or 4.00% below today’s $168.23 share price. The 5 months bearish chart indicates high risk for the $23.23 billion company. The 1-year low was reported on Jan, 14 by Barchart.com. If the $161.50 price target is reached, the company will be worth $929.28 million less. The stock decreased 0.91% or $1.54 during the last trading session, reaching $168.23. About 494,377 shares traded. AvalonBay Communities, Inc. (NYSE:AVB) has risen 6.66% since January 14, 2017 and is uptrending. It has underperformed by 10.04% the S&P500.

Hitchwood Capital Management Lp increased Salesforce Com Inc (CRM) stake by 25% reported in 2017Q3 SEC filing. Hitchwood Capital Management Lp acquired 200,000 shares as Salesforce Com Inc (CRM)’s stock rose 7.28%. The Hitchwood Capital Management Lp holds 1.00M shares with $93.42 million value, up from 800,000 last quarter. Salesforce Com Inc now has $79.63B valuation. The stock increased 1.04% or $1.14 during the last trading session, reaching $110.24. About 5.75 million shares traded or 30.74% up from the average. Salesforce.com, inc. (NYSE:CRM) has risen 7.78% since January 14, 2017 and is uptrending. It has underperformed by 8.92% the S&P500.

Investors sentiment increased to 1.27 in Q3 2017. Its up 0.41, from 0.86 in 2017Q2. It is positive, as 27 investors sold AvalonBay Communities, Inc. shares while 128 reduced holdings. 58 funds opened positions while 139 raised stakes. 128.20 million shares or 3.63% less from 133.03 million shares in 2017Q2 were reported. Kentucky Retirement Ins Tru Fund stated it has 0.12% of its portfolio in AvalonBay Communities, Inc. (NYSE:AVB). Walleye Trading Lc stated it has 12,331 shares or 0.01% of all its holdings. Credit Suisse Ag has 401,367 shares for 0.07% of their portfolio. Hbk Invests L P reported 0.04% stake. Alliancebernstein L P reported 0.04% in AvalonBay Communities, Inc. (NYSE:AVB). Edgestream Partners L P reported 1,665 shares or 0.16% of all its holdings. Spinnaker Trust reported 0.07% of its portfolio in AvalonBay Communities, Inc. (NYSE:AVB). Stifel, Missouri-based fund reported 11,794 shares. Timber Hill Ltd Liability Co has invested 0.04% in AvalonBay Communities, Inc. (NYSE:AVB). Guggenheim Llc invested 0.12% of its portfolio in AvalonBay Communities, Inc. (NYSE:AVB). Brown Advisory Inc invested in 21,493 shares. Natixis, a France-based fund reported 10,476 shares. Duncker Streett And invested 0.01% in AvalonBay Communities, Inc. (NYSE:AVB). Hartford Fin Mgmt owns 68 shares. Segment Wealth Ltd Liability Corp has invested 0.07% of its portfolio in AvalonBay Communities, Inc. (NYSE:AVB).

Analysts await AvalonBay Communities, Inc. (NYSE:AVB) to report earnings on February, 7. They expect $2.25 earnings per share, up 6.13% or $0.13 from last year’s $2.12 per share. AVB’s profit will be $310.72M for 18.69 P/E if the $2.25 EPS becomes a reality. After $2.19 actual earnings per share reported by AvalonBay Communities, Inc. for the previous quarter, Wall Street now forecasts 2.74% EPS growth.

Among 25 analysts covering Avalonbay Communities Inc. (NYSE:AVB), 12 have Buy rating, 1 Sell and 12 Hold. Therefore 48% are positive. Avalonbay Communities Inc. has $220 highest and $180 lowest target. $201.08’s average target is 19.53% above currents $168.23 stock price. Avalonbay Communities Inc. had 70 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Thursday, December 14 by Jefferies. BMO Capital Markets maintained AvalonBay Communities, Inc. (NYSE:AVB) on Wednesday, August 2 with “Hold” rating. The stock has “Buy” rating by Robert W. Baird on Tuesday, October 3. On Wednesday, November 18 the stock rating was maintained by Deutsche Bank with “Buy”. As per Thursday, April 14, the company rating was maintained by Barclays Capital. UBS downgraded the shares of AVB in report on Monday, April 11 to “Neutral” rating. The firm has “Buy” rating by SunTrust given on Tuesday, July 21. The company was maintained on Monday, July 17 by Jefferies. UBS upgraded the stock to “Buy” rating in Thursday, November 9 report. The firm has “Buy” rating by Robert W. Baird given on Thursday, August 31.

AvalonBay Communities, Inc. engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities in the United States. The company has market cap of $23.23 billion. As of January 31, 2009, the firm owned or held a direct or indirect ownership interest in 164 operating apartment communities comprising 45,728 apartment homes in 10 states and the District of Columbia. It has a 26.31 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.

Since December 11, 2017, it had 0 insider buys, and 3 selling transactions for $5.26 million activity. $365,500 worth of AvalonBay Communities, Inc. (NYSE:AVB) was sold by HOREY LEO S III on Monday, December 11. Another trade for 25,160 shares valued at $4.63 million was made by NAUGHTON TIMOTHY J on Tuesday, December 12. Breslin Sean J. had sold 1,500 shares worth $273,975.

Among 51 analysts covering Salesforce.com (NYSE:CRM), 44 have Buy rating, 1 Sell and 6 Hold. Therefore 86% are positive. Salesforce.com had 196 analyst reports since August 21, 2015 according to SRatingsIntel. The stock of Salesforce.com, inc. (NYSE:CRM) has “Outperform” rating given on Friday, December 18 by Wedbush. Oppenheimer maintained Salesforce.com, inc. (NYSE:CRM) on Wednesday, August 23 with “Buy” rating. The firm has “Buy” rating given on Wednesday, July 20 by Citigroup. On Tuesday, August 25 the stock rating was maintained by Roth Capital with “Buy”. The company was maintained on Thursday, September 1 by Wedbush. On Thursday, November 19 the stock rating was maintained by Mizuho with “Buy”. On Thursday, February 25 the stock rating was maintained by Jefferies with “Hold”. BMO Capital Markets maintained Salesforce.com, inc. (NYSE:CRM) rating on Thursday, September 1. BMO Capital Markets has “Outperform” rating and $86 target. As per Saturday, August 22, the company rating was maintained by Morgan Stanley. Roth Capital maintained Salesforce.com, inc. (NYSE:CRM) rating on Friday, October 27. Roth Capital has “Buy” rating and $112.0 target.

Investors sentiment decreased to 1.34 in 2017 Q3. Its down 0.04, from 1.38 in 2017Q2. It worsened, as 40 investors sold CRM shares while 234 reduced holdings. 73 funds opened positions while 295 raised stakes. 609.74 million shares or 0.30% less from 611.55 million shares in 2017Q2 were reported. Trexquant Investment Lp holds 0.29% or 12,463 shares. Crosslink Capital invested in 3.57% or 225,064 shares. The New York-based Shearlink Capital Limited Liability Company has invested 5.33% in Salesforce.com, inc. (NYSE:CRM). Calamos Advisors Ltd Liability Company has invested 0.26% of its portfolio in Salesforce.com, inc. (NYSE:CRM). Atalanta Sosnoff Capital Lc reported 356,889 shares. Stratos Wealth Prns Ltd owns 4,662 shares. Community Retail Bank Na stated it has 0.01% in Salesforce.com, inc. (NYSE:CRM). Guardian Life Insurance Of America stated it has 0.02% of its portfolio in Salesforce.com, inc. (NYSE:CRM). Moreover, Livingston Gp Asset Management (Operating As Southport Capital Management) has 0.27% invested in Salesforce.com, inc. (NYSE:CRM). Insight Cap Rech And Mngmt reported 19,741 shares. 72,958 are held by Oregon Employees Retirement Fund. Pittenger & Anderson Inc reported 86,162 shares. Moreover, Calamos Wealth Mngmt Ltd Liability Com has 0.19% invested in Salesforce.com, inc. (NYSE:CRM) for 14,752 shares. Sandy Spring Natl Bank accumulated 26,912 shares. Ellington Mgmt Gp Ltd Limited Liability Company invested in 0.14% or 8,500 shares.

Since August 2, 2017, it had 1 insider buy, and 74 insider sales for $62.85 million activity. $750,241 worth of Salesforce.com, inc. (NYSE:CRM) was sold by Harris Parker. The insider Roos John Victor sold $13,442. 7,641 shares were sold by BLOCK KEITH, worth $711,967. Hawkins Mark J also sold $10.62M worth of Salesforce.com, inc. (NYSE:CRM) shares. Another trade for 602 shares valued at $57,048 was sold by Conway Craig. 5,000 shares valued at $542,985 were sold by Benioff Marc on Monday, January 8. Another trade for 653 shares valued at $61,068 was made by Dayon Alexandre on Tuesday, August 22.

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