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AvalonBay Communities (NYSE:AVB) SVP Keri A. Shea unloaded 1,803 shares of the stock on the open market in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $154.33, for a total value of $278,256.99. Following the transaction, the senior vice president now directly owns 5,400 shares of the company’s stock, valued at approximately $833,382. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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, August 19th. 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, August 18th. 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 investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. AvalonBay Communities currently has a consensus rating of “Hold” and a consensus target price of $151.36.

AvalonBay Communities (NYSE:AVB) traded up 0.10% during mid-day trading on Wednesday, hitting $154.31. 758,072 shares of the company’s stock traded hands. AvalonBay Communities has a 1-year low of $114.16 and a 1-year high of $156.16. The stock has a 50-day moving average of $150.3 and a 200-day moving average of $139.7. The company has a market cap of $20.243 billion and a price-to-earnings ratio of 36.96.

AvalonBay Communities (NYSE:AVB) last announced its 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. On average, analysts predict that AvalonBay Communities will post $7.03 earnings per share for the current fiscal year.

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

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