Avalonbay Cmntys (AVB) Shareholder Adage Capital Partners Gp Has Lowered Holding by $676,400 as Share Value Declined; Korea Investment Continues to Hold Holding in Air Prods & Chems (APD)

May 17, 2018 - By Louis Casey

AvalonBay Communities, Inc. (NYSE:AVB) Logo

Phill Gross decreased its stake in Avalonbay Cmntys Inc (AVB) by 1.93% based on its latest 2017Q4 regulatory filing with the SEC. Adage Capital Partners Gp Llc sold 3,800 shares as the company’s stock declined 9.81% with the market. The hedge fund run by Phill Gross held 192,782 shares of the consumer services company at the end of 2017Q4, valued at $34.39 million, down from 196,582 at the end of the previous reported quarter. Adage Capital Partners Gp Llc who had been investing in Avalonbay Cmntys Inc for a number of months, seems to be less bullish one the $21.96 billion market cap company. The stock decreased 0.41% or $0.65 during the last trading session, reaching $158.85. About 335,913 shares traded. AvalonBay Communities, Inc. (NYSE:AVB) has declined 13.10% since May 17, 2017 and is downtrending. It has underperformed by 24.65% the S&P500.

Korea Investment Corp increased its stake in Air Prods & Chems Inc (APD) by 5.13% based on its latest 2017Q4 regulatory filing with the SEC. Korea Investment Corp bought 10,100 shares as the company’s stock declined 2.93% with the market. The institutional investor held 207,159 shares of the basic industries company at the end of 2017Q4, valued at $33.99M, up from 197,059 at the end of the previous reported quarter. Korea Investment Corp who had been investing in Air Prods & Chems Inc for a number of months, seems to be bullish on the $36.47 billion market cap company. The stock decreased 0.11% or $0.181 during the last trading session, reaching $166.359. About 218,063 shares traded. Air Products and Chemicals, Inc. (NYSE:APD) has risen 16.71% since May 17, 2017 and is uptrending. It has outperformed by 5.16% the S&P500.

Since December 11, 2017, it had 0 insider buys, and 3 insider sales for $5.26 million activity. Breslin Sean J. also sold $273,975 worth of AvalonBay Communities, Inc. (NYSE:AVB) on Monday, December 11. The insider NAUGHTON TIMOTHY J sold 25,160 shares worth $4.63M.

Investors sentiment increased to 1.28 in 2017 Q4. Its up 0.01, from 1.27 in 2017Q3. It increased, as 31 investors sold AVB shares while 129 reduced holdings. 55 funds opened positions while 150 raised stakes. 127.43 million shares or 0.60% less from 128.20 million shares in 2017Q3 were reported. Tower Research Capital Lc (Trc) holds 3 shares or 0% of its portfolio. Loring Wolcott And Coolidge Fiduciary Llp Ma has invested 0% in AvalonBay Communities, Inc. (NYSE:AVB). Oregon Public Employees Retirement Fund holds 0.04% of its portfolio in AvalonBay Communities, Inc. (NYSE:AVB) for 14,754 shares. Huntington Savings Bank has invested 0% in AvalonBay Communities, Inc. (NYSE:AVB). First Merchants reported 1,500 shares. Louisiana State Employees Retirement System holds 0.07% or 8,400 shares in its portfolio. Fort Washington Advsrs Inc Oh holds 0.04% of its portfolio in AvalonBay Communities, Inc. (NYSE:AVB) for 24,054 shares. 681 were reported by Bartlett Limited Company. Cornerstone Advisors invested in 0.05% or 433 shares. Grassi stated it has 0.12% in AvalonBay Communities, Inc. (NYSE:AVB). Conning reported 4,199 shares or 0.02% of all its holdings. Los Angeles Equity Inc has invested 0.15% in AvalonBay Communities, Inc. (NYSE:AVB). Global X Ltd has 4,009 shares. 8,000 are owned by Employees Retirement Sys Of Texas. Citigroup Inc accumulated 189,014 shares or 0.03% of the stock.

Another recent and important AvalonBay Communities, Inc. (NYSE:AVB) news was published by Prnewswire.com which published an article titled: “Technical Perspectives on REIT Stocks — AvalonBay Communities, Equity LifeStyle Properties, Essex Property Trust …” on May 02, 2018.

Adage Capital Partners Gp Llc, which manages about $44.22 billion US Long portfolio, upped its stake in Juniper Networks Inc (NYSE:JNPR) by 89,800 shares to 530,000 shares, valued at $15.11 million in 2017Q4, according to the filing. It also increased its holding in Lilly Eli & Co (NYSE:LLY) by 290,775 shares in the quarter, for a total of 1.68 million shares, and has risen its stake in Lam Research Corp (NASDAQ:LRCX).

Analysts await AvalonBay Communities, Inc. (NYSE:AVB) to report earnings on August, 1. They expect $2.20 earnings per share, up 5.26% or $0.11 from last year’s $2.09 per share. AVB’s profit will be $304.08M for 18.05 P/E if the $2.20 EPS becomes a reality. After $2.18 actual earnings per share reported by AvalonBay Communities, Inc. for the previous quarter, Wall Street now forecasts 0.92% EPS growth.

Among 27 analysts covering Avalonbay Communities Inc. (NYSE:AVB), 12 have Buy rating, 1 Sell and 14 Hold. Therefore 44% are positive. Avalonbay Communities Inc. had 88 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, March 1 by Argus Research. The stock of AvalonBay Communities, Inc. (NYSE:AVB) earned “Hold” rating by KeyBanc Capital Markets on Monday, October 23. Jefferies maintained the shares of AVB in report on Monday, July 17 with “Hold” rating. The stock of AvalonBay Communities, Inc. (NYSE:AVB) has “Buy” rating given on Monday, November 6 by RBC Capital Markets. The company was maintained on Tuesday, January 9 by BMO Capital Markets. Robert W. Baird maintained it with “Buy” rating and $202.0 target in Friday, November 10 report. BMO Capital Markets maintained AvalonBay Communities, Inc. (NYSE:AVB) rating on Monday, November 27. BMO Capital Markets has “Hold” rating and $190.0 target. The company was upgraded on Thursday, November 9 by UBS. The stock has “Outperform” rating by Credit Suisse on Thursday, August 20. The rating was downgraded by KeyBanc Capital Markets to “” on Friday, July 15.

Among 21 analysts covering Air Products & Chemicals (NYSE:APD), 16 have Buy rating, 0 Sell and 5 Hold. Therefore 76% are positive. Air Products & Chemicals had 61 analyst reports since August 4, 2015 according to SRatingsIntel. As per Friday, October 27, the company rating was maintained by Credit Suisse. Jefferies maintained it with “Buy” rating and $195.0 target in Monday, January 29 report. Barclays Capital maintained the shares of APD in report on Monday, May 2 with “Equal Weight” rating. Credit Suisse maintained the shares of APD in report on Monday, January 29 with “Buy” rating. The firm has “Buy” rating by Goldman Sachs given on Thursday, October 8. The stock of Air Products and Chemicals, Inc. (NYSE:APD) has “Buy” rating given on Monday, November 21 by Argus Research. The firm has “Hold” rating by Vertical Research given on Monday, August 7. On Wednesday, August 2 the stock rating was maintained by Deutsche Bank with “Hold”. The company was maintained on Thursday, July 13 by Jefferies. Citigroup upgraded Air Products and Chemicals, Inc. (NYSE:APD) rating on Monday, December 5. Citigroup has “Buy” rating and $16 target.

Korea Investment Corp, which manages about $21.97 billion US Long portfolio, decreased its stake in Darden Restaurants Inc (NYSE:DRI) by 206,800 shares to 91,382 shares, valued at $8.77M in 2017Q4, according to the filing. It also reduced its holding in Teck Resources Ltd (NYSE:TCK) by 136,600 shares in the quarter, leaving it with 928,191 shares, and cut its stake in Avalonbay Cmntys Inc (NYSE:AVB).

More important recent Air Products and Chemicals, Inc. (NYSE:APD) news were published by: Prnewswire.com which released: “Alternet Systems to Introduce ReVolt Electric Motorcycles Through $10 Billion Pop-Up Shop Industry” on May 16, 2018, also Tucson.com published article titled: “Versum Materials to Present at Barclays Electronic Chemicals Conference”, Tucson.com published: “Versum Materials Declares 20% Dividend Increase” on May 02, 2018. More interesting news about Air Products and Chemicals, Inc. (NYSE:APD) was released by: Prnewswire.com and their article: “Air Products Unveils World-Scale Kochi Industrial Gas Complex” with publication date: May 14, 2018.

Investors sentiment decreased to 1.23 in 2017 Q4. Its down 0.08, from 1.31 in 2017Q3. It dived, as 35 investors sold APD shares while 258 reduced holdings. 95 funds opened positions while 266 raised stakes. 186.75 million shares or 0.02% less from 186.79 million shares in 2017Q3 were reported. State Of Alaska Department Of Revenue holds 23,161 shares. Adage Cap Partners Ltd Liability invested 0.27% of its portfolio in Air Products and Chemicals, Inc. (NYSE:APD). Norinchukin National Bank & Trust The stated it has 17,427 shares. Gulf Intll Savings Bank (Uk) accumulated 68,865 shares. Webster Bancorporation N A stated it has 851 shares or 0.02% of all its holdings. Andra Ap reported 43,500 shares. 2,365 were accumulated by First Allied Advisory Inc. Gideon Advsr invested in 1,590 shares. Cambridge Research Advsrs holds 3,992 shares or 0.01% of its portfolio. Orleans Cap Mngmt La holds 4,854 shares or 0.57% of its portfolio. Tortoise Inv Ltd accumulated 798 shares or 0.04% of the stock. 15,911 were accumulated by Harvey Investment Co Ltd Liability Co. State Of Wisconsin Invest Board has invested 0.1% in Air Products and Chemicals, Inc. (NYSE:APD). Glg Limited Liability holds 0.11% of its portfolio in Air Products and Chemicals, Inc. (NYSE:APD) for 9,235 shares. Virginia Retirement Sys Et Al invested in 93,800 shares.

Air Products and Chemicals, Inc. (NYSE:APD) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By1 Louis Casey

Automatic Stock Updates

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: