Pimco Corporate & Income Stategy Fund (PCN) to pay $0.11 on Jan 2, 2018; Avalonbay Communities (AVB)’s Sentiment Is 0.86

December 7, 2017 - By Ellis Scott

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 $24.77 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 24.7 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.

Pimco Corporate & Income Stategy Fund (NYSE:PCN) is expected to pay $0.11 on Jan 2, 2018. $0.68 is the ADY. (NYSE:PCN) shareholders before Dec 8, 2017 will receive the $0.11 dividend. Pimco Corporate & Income Stategy Fund’s current price of $17.14 translates into 0.65% yield. Pimco Corporate & Income Stategy Fund’s dividend has Dec 11, 2017 as record date. Dec 1, 2017 is the announcement. The stock increased 0.65% or $0.11 during the last trading session, reaching $17.14. About 110,049 shares traded or 9.44% up from the average. PIMCO Corporate & Income Strategy Fund (NYSE:PCN) has risen 19.51% since December 7, 2016 and is uptrending. It has outperformed by 2.81% the S&P500.

Ratings analysis reveals 67% of AvalonBay’s analysts are positive. Out of 3 Wall Street analysts rating AvalonBay, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. AVB was included in 3 notes of analysts from September 6, 2016. The firm has “Neutral” rating given on Wednesday, November 23 by Bank of America. The firm earned “Buy” rating on Friday, December 16 by Mizuho. The stock of AvalonBay Communities, Inc. (NYSE:AVB) has “Buy” rating given on Tuesday, September 6 by Sandler O’Neill.

Apg Asset Management Us Inc. holds 6.27% of its portfolio in AvalonBay Communities, Inc. for 3.87 million shares. Lasalle Investment Management Securities Llc owns 2.44 million shares or 5.93% of their US portfolio. Moreover, Aew Capital Management L P has 5.85% invested in the company for 1.25 million shares. The Illinois-based Heitman Real Estate Securities Llc has invested 5.6% in the stock. Cbre Clarion Securities Llc, a Pennsylvania-based fund reported 1.98 million shares.

Analysts await AvalonBay Communities, Inc. (NYSE:AVB) to report earnings on February, 7. They expect $2.24 EPS, up 5.66% or $0.12 from last year’s $2.12 per share. AVB’s profit will be $309.33M for 20.02 P/E if the $2.24 EPS becomes a reality. After $2.19 actual EPS reported by AvalonBay Communities, Inc. for the previous quarter, Wall Street now forecasts 2.28% EPS growth.

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