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AvalonBay Communities (NYSE:AVB) CFO Kevin P. O’shea unloaded 5,125 shares of the company’s stock on the open market in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $149.35, for a total value of $765,418.75. Following the completion of the transaction, the chief financial officer now directly owns 7,379 shares in the company, valued at approximately $1,102,054. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

A number of research firms have recently commented on AVB. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of AvalonBay Communities in a research note on Tuesday. They now have a $155.00 price target on the stock, up previously from $130.00. Separately, analysts at RBC Capital raised their price target on shares of AvalonBay Communities from $160.00 to $164.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of AvalonBay Communities from $147.00 to $158.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $147.45.

Shares of AvalonBay Communities (NYSE:AVB) traded up 0.65% on Wednesday, hitting $150.62. 570,925 shares of the company’s stock traded hands. AvalonBay Communities has a 52-week low of $114.16 and a 52-week high of $151.00. The stock has a 50-day moving average of $143.5 and a 200-day moving average of $134.. The company has a market cap of $19.590 billion and a P/E ratio of 35.81.

AvalonBay Communities (NYSE:AVB) last announced its earnings results on Wednesday, July 23rd. The company reported $1.70 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.66 by $0.04. The company had revenue of $413.80 million for the quarter, compared to the consensus estimate of $404.86 million. During the same quarter last year, the company posted $1.62 earnings per share. On average, analysts predict that AvalonBay Communities will post $6.96 earnings per share for the current fiscal year.

AvalonBay Communities, Inc is a real estate investment trust (NYSE:AVB) .

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