Insider Selling: AvalonBay Communities EVP Sells 6,395 Shares of Stock (AVB)
AvalonBay Communities (NYSE:AVB) EVP Stephen W. Wilson unloaded 6,395 shares of the company’s stock on the open market in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $153.77, for a total transaction of $983,359.15. Following the completion of the sale, the executive vice president now directly owns 19,767 shares of the company’s stock, valued at approximately $3,039,572. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of AvalonBay Communities (NYSE:AVB) traded up 0.29% on Thursday, hitting $154.76. 259,777 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’s 50-day moving average is $150. and its 200-day moving average is $139.8. The company has a market cap of $20.302 billion and a price-to-earnings ratio of 37.00.
AvalonBay Communities (NYSE:AVB) last released its earnings data 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.
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, 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. AvalonBay Communities 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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