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AvalonBay Communities (NYSE:AVB) CFO Kevin P. O’shea sold 5,386 shares of the 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 transaction, 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 SEC, which can be accessed through this link.

Several analysts have recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of AvalonBay Communities to $166.00 in a research note on Tuesday. Separately, 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. Finally, analysts at Zacks reiterated a “neutral” rating on shares of AvalonBay Communities in a research note on Thursday, August 14th. They now have a $160.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $151.36.

AvalonBay Communities (NYSE:AVB) opened at 154.05 on Wednesday. AvalonBay Communities has a 52-week low of $114.16 and a 52-week high of $154.39. The stock’s 50-day moving average is $147.5 and its 200-day moving average is $137.7. The company has a market cap of $20.209 billion and a price-to-earnings ratio of 36.75.

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 $7.02 earnings per share for the current fiscal year.

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

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