Insider Selling: AvalonBay Communities EVP Sells 3,500 Shares of Stock (AVB)
AvalonBay Communities (NYSE:AVB) EVP William M. Mclaughlin sold 3,500 shares of AvalonBay Communities stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $152.90, for a total transaction of $535,150.00. Following the completion of the transaction, the executive vice president now directly owns 45,657 shares in the company, valued at approximately $6,980,955. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of AvalonBay Communities (NYSE:AVB) traded up 0.25% on Thursday, hitting $155.40. The stock had a trading volume of 427,948 shares. AvalonBay Communities has a 52-week low of $114.16 and a 52-week high of $155.62. The stock has a 50-day moving average of $148.0 and a 200-day moving average of $138.. The company has a market cap of $20.386 billion and a price-to-earnings ratio of 37.17.
AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.70 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.62 earnings per share. Analysts expect that AvalonBay Communities will post $7.03 EPS for the current fiscal year.
A number of analysts have recently weighed in on AVB shares. 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 analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $151.36.
AvalonBay Communities, Inc is a real estate investment trust (NYSE:AVB) .
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