AvalonBay Communities, Inc. (NYSE:AVB) insider Leo S. Horey III sold 2,000 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $181.89, for a total value of $363,780.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

AvalonBay Communities, Inc. (NYSE AVB) traded down $2.31 during midday trading on Wednesday, hitting $178.81. The company’s stock had a trading volume of 636,300 shares, compared to its average volume of 677,484. The stock has a market cap of $25,010.48, a price-to-earnings ratio of 21.33, a P/E/G ratio of 2.85 and a beta of 0.35. AvalonBay Communities, Inc. has a twelve month low of $163.58 and a twelve month high of $199.52. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.10 and a quick ratio of 0.10.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $1.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.17 by ($0.45). The company had revenue of $550.50 million for the quarter, compared to analysts’ expectations of $539.69 million. AvalonBay Communities had a net margin of 41.55% and a return on equity of 8.66%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.11 EPS. sell-side analysts expect that AvalonBay Communities, Inc. will post 8.62 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be paid a dividend of $1.42 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.18%. AvalonBay Communities’s payout ratio is currently 88.75%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AXA raised its stake in shares of AvalonBay Communities by 5.5% during the 3rd quarter. AXA now owns 117,895 shares of the real estate investment trust’s stock valued at $21,034,000 after buying an additional 6,096 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of AvalonBay Communities by 1.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 215,600 shares of the real estate investment trust’s stock valued at $38,467,000 after acquiring an additional 2,581 shares during the period. GSA Capital Partners LLP grew its position in shares of AvalonBay Communities by 70.4% during the 3rd quarter. GSA Capital Partners LLP now owns 10,850 shares of the real estate investment trust’s stock valued at $1,936,000 after acquiring an additional 4,482 shares during the period. IFM Investors Pty Ltd acquired a new stake in shares of AvalonBay Communities during the 3rd quarter valued at about $691,000. Finally, California Public Employees Retirement System grew its position in shares of AvalonBay Communities by 2.0% during the 3rd quarter. California Public Employees Retirement System now owns 310,326 shares of the real estate investment trust’s stock valued at $55,368,000 after acquiring an additional 6,230 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded AvalonBay Communities from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Evercore ISI upgraded AvalonBay Communities from an “in-line” rating to an “outperform” rating and set a $194.00 target price for the company in a research note on Monday, September 25th. KeyCorp restated a “hold” rating on shares of AvalonBay Communities in a research note on Sunday, September 24th. Stifel Nicolaus restated a “buy” rating and issued a $209.00 target price on shares of AvalonBay Communities in a research note on Friday, September 1st. Finally, BMO Capital Markets restated a “hold” rating and issued a $190.00 target price on shares of AvalonBay Communities in a research note on Monday, November 27th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $199.20.

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About AvalonBay Communities

AvalonBay Communities, Inc is a real estate investment trust (REIT). The Company is focused on the development, redevelopment, acquisition, ownership and operation of multifamily communities primarily in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California.

Insider Buying and Selling by Quarter for AvalonBay Communities (NYSE:AVB)

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