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AVB

AvalonBay

$180.77

-1.11 (-0.61%)

16:54
12/19/18
12/19
16:54
12/19/18
16:54

AvalonBay completes sale of 80% interest in 5 Manhattan apartment communities

AvalonBay announced that it completed the previously announced contribution of its fee ownership of Avalon Morningside Park, Avalon Bowery Place I, and Avalon Bowery Place II, as well as of its leasehold interest in Avalon West Chelsea and AVA High Line, to a newly formed joint venture with an institutional client of global real estate investment manager, Invesco Real Estate. AvalonBay retained a 20% interest in the venture and is acting as the managing member of the venture and property manager for the assets. The transaction was based on an aggregate asset valuation for the contributed assets of approximately $760M.

AVB AvalonBay
$180.77

-1.11 (-0.61%)

12/11/18
WELS
12/11/18
UPGRADE
Target $284
WELS
Outperform
Essex Property Trust upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Jeffrey Donnelly upgraded Essex Property Trust (ESS) to Outperform and raised his price target for the shares to $284 from $262. The Multifamily sector is poised to continue its recent outperformance into 2019, Donnelly tells investors in a research note where he raised his sector rating to Overweight from Market Weight. His Top picks are Aimco (AIV), Essex Property Trust, AvalonBay Communities (AVB) and Invitation Homes (INVH). With the defeat of Proposition 10 and the potential repeal of Costa-Hawkins in the rear-view mirror, the analyst believes Essex and its West Coast concentration should outperform the peer group average.
12/06/18
BTIG
12/06/18
UPGRADE
Target $216
BTIG
Buy
AvalonBay upgraded to Buy from Neutral at BTIG
BTIG analyst James Sullivan upgraded AvalonBay (AVB) to Buy from Neutral with a price target of $216 as part of his broader research note on Apartment REITS, saying that the performance of the sector was very positive in Q3 with accelerating rent and same store net operating income growth. The analyst anticipates these trends to continue in 2019, modeling a SSNOI growth of 3.3% and FFO growth of 4.4%. As part of his research note, Sullivan also raises his price targets on the Buy-rated Camden Property (CPT) to $102 from $101 and Essex Property Trust (ESS) to $290 from $262.
11/21/18
ARGS
11/21/18
NO CHANGE
Target $205
ARGS
Buy
AvalonBay price target raised to $205 from $196 at Argus
Argus analyst Jacob Kilstein raised his price target on AvalonBay (AVB) to $205 and kept his Buy rating, citing the company's better than expected Q3 earnings along with his diminishing concerns about housing oversupply in New York over the near term. The analyst specifically expects the company to benefit from Amazon.com (AMZN) selection of New York's Long Island City as a location of its new headquarters. Kilstein believes that the 5% decline in AvalonBay stock price since June of 2017 offers a favorable entry and contends that the headwinds of higher interest rates and oversupply in some area have been priced in.
11/02/18
BMOC
11/02/18
UPGRADE
Target $195
BMOC
Outperform
AvalonBay upgraded to Outperform at BMO Capital on rising lease rates
As reported earlier, BMO Capital analyst John Kim upgraded AvalonBay to Outperform from Market Perform and raised his price target to $195 from $188. The analyst notes the REIT's fundamentals remaining strong for its apartment portfolio amid "rising lease growth rates and development yields, lower turnover rates, and low cap rates". Kim also cites AvalonBay's significant progress made on its development project in Columbus Circle.

TODAY'S FREE FLY STORIES

COMM

CommScope

$11.35

0.02 (0.18%)

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11:40
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General news
Fed's Evans is keeping an open mind with respect to another rate cut »

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INCY

Incyte

$78.39

-0.13 (-0.17%)

11:39
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CSTM

Constellium

$14.03

0.31 (2.26%)

, BLL

Ball Corp.

$72.15

0.02 (0.03%)

11:38
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Recommendations
Constellium, Ball Corp., Alcoa analyst commentary  »

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CSTM

Constellium

$14.03

0.31 (2.26%)

BLL

Ball Corp.

$72.15

0.02 (0.03%)

AA

Alcoa

$19.75

0.3 (1.54%)

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GM

General Motors

$36.76

0.49 (1.35%)

11:37
10/16/19
10/16
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Periodicals
General Motors, UAW reach proposed tentative agreement, CNN says »

CNN's Vanessa…

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  • 29

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BLL

Ball Corp.

$71.98

-0.15 (-0.21%)

11:35
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Ball Corp. to build new $200M aluminum cups manufacturing plant in Georgia »

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RNG

RingCentral

$167.20

-9.62 (-5.44%)

11:35
10/16/19
10/16
11:35
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11:35
Options
Ringcentral put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 04

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CASY

Casey's General Stores

$161.02

0.13 (0.08%)

11:32
10/16/19
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Hot Stocks
Casey's General Stores appoints Tom Brennan as chief merchandising officer »

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  • 13

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NOW

ServiceNow

$254.72

-19.88 (-7.24%)

, ADBE

Adobe

$270.00

-9.4 (-3.36%)

11:28
10/16/19
10/16
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11:28
On The Fly
Adobe downgrade, Pure Storage upgrade among today's top analyst calls »

Check out today's top…

NOW

ServiceNow

$254.72

-19.88 (-7.24%)

ADBE

Adobe

$270.00

-9.4 (-3.36%)

PSTG

Pure Storage

$18.20

0.55 (3.12%)

COST

Costco

$297.73

-0.69 (-0.23%)

WDAY

Workday

$160.48

-20.36 (-11.26%)

03/08/13
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WDAY

Workday

$160.53

-20.31 (-11.23%)

, COUP

Coupa Software

$145.36

-9.41 (-6.08%)

11:26
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10/16
11:26
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11:26
On The Fly
Workday slides as Street digests analyst day »

Shares of Workday (WDAY)…

WDAY

Workday

$160.53

-20.31 (-11.23%)

COUP

Coupa Software

$145.36

-9.41 (-6.08%)

03/08/13
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  • 16

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    Dec

IP

International Paper

$42.22

0.79 (1.91%)

11:25
10/16/19
10/16
11:25
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Options
International Paper call volume above normal and directionally bullish »

Bullish option flow…

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  • 31

    Oct

11:25
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Conference/Events
FBN Securities cannabis analysts to hold a luncheon meeting »

Analysts host Chairman…

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Conference/Events
William Blair restaurant tech analyst to hold a group luncheon »

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Conference/Events
Wedbush enterprise software analysts to hold an advisor luncheon »

Enterprise Software…

TCEHY

Tencent

$0.00

(0.00%)

11:18
10/16/19
10/16
11:18
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11:18
Periodicals
'League of Legends' coming to consoles, mobile devices, Kotaku says »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
10/16/19
10/16
11:17
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Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
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10/16
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Technical Analysis
NYSE market internals summary »

Volume is below average…

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IRBT

iRobot

$58.99

1.2 (2.08%)

11:15
10/16/19
10/16
11:15
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11:15
Options
iRobot put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 23

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CSCO

Cisco

$46.53

0.16 (0.35%)

11:05
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10/16
11:05
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Options
Cisco call volume above normal and directionally bullish »

Bullish option flow…

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  • 13

    Nov

TMUS

T-Mobile

$79.88

0.13 (0.16%)

, S

Sprint

$6.46

-0.02 (-0.31%)

10:51
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Hot Stocks
FCC commissioner Rosenworcel says T-Mobile, Sprint deal will raise prices »

Federal Communications…

TMUS

T-Mobile

$79.88

0.13 (0.16%)

S

Sprint

$6.46

-0.02 (-0.31%)

03/08/13
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  • 22

    Oct

SIG

Signet Jewelers

$15.36

-0.39 (-2.48%)

10:50
10/16/19
10/16
10:50
10/16/19
10:50
Options
Call volume in Signet Jewelers spikes on large 3-way adjusting long »

Call volume in Signet…

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UAL

United Airlines

$89.13

1.23 (1.40%)

10:50
10/16/19
10/16
10:50
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10:50
Hot Stocks
United Airlines sees potential for higher fares over holidays »

Management says all hubs…

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  • 16

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INCY

Incyte

$78.05

-0.47 (-0.60%)

10:47
10/16/19
10/16
10:47
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10:47
Recommendations
Incyte analyst commentary  »

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  • 29

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PNC

PNC Financial

$143.07

3.51 (2.52%)

10:47
10/16/19
10/16
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10:47
Hot Stocks
Breaking Hot Stocks news story on PNC Financial »

PNC Financial says still…

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  • 16

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PNC

PNC Financial

$143.11

3.55 (2.54%)

10:45
10/16/19
10/16
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10/16/19
10:45
Hot Stocks
Breaking Hot Stocks news story on PNC Financial »

PNC Financial sees one…

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  • 16

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