Insider Selling: Kevin P. O’shea Unloads 5,386 Shares of AvalonBay Communities Stock (AVB)
AvalonBay Communities (NYSE:AVB) CFO Kevin P. O’shea unloaded 5,386 shares of AvalonBay Communities stock on the open market in a transaction dated Thursday, August 14th. The stock was sold at an average price of $151.63, for a total value of $816,679.18. Following the sale, the chief financial officer now directly owns 7,379 shares in the company, valued at approximately $1,118,878. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
AvalonBay Communities (NYSE:AVB) traded up 1.54% on Monday, hitting $153.28. 609,132 shares of the company’s stock traded hands. AvalonBay Communities has a 1-year low of $114.16 and a 1-year high of $152.95. The stock’s 50-day moving average is $147.0 and its 200-day moving average is $137.1. The company has a market cap of $20.108 billion and a P/E ratio of 36.19.
AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings data 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. Analysts expect that AvalonBay Communities will post $7.01 EPS for the current fiscal year.
A number of research firms have recently commented on AVB. Analysts at Jefferies Group raised their price target on shares of AvalonBay Communities from $146.00 to $149.00 in a research note on Monday. They now have a “hold” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of AvalonBay Communities in a research note on Thursday. They now have a $160.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of AvalonBay Communities in a research note on Tuesday, July 29th. They now have a $155.00 price target on the stock, up previously from $130.00. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. AvalonBay Communities has a consensus rating of “Hold” and an average target price of $149.00.
AvalonBay Communities, Inc is a real estate investment trust (NYSE:AVB) .
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