AvalonBay Communities, Inc. (NYSE:AVB) CEO Timothy J. Naughton sold 25,160 shares of AvalonBay Communities stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $183.84, for a total value of $4,625,414.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

AvalonBay Communities, Inc. (NYSE:AVB) traded up $0.06 during mid-day trading on Thursday, reaching $182.37. The company had a trading volume of 341,240 shares, compared to its average volume of 672,529. The stock has a market capitalization of $25,260.00, a PE ratio of 21.63, a price-to-earnings-growth ratio of 2.89 and a beta of 0.35. AvalonBay Communities, Inc. has a 12-month low of $168.47 and a 12-month high of $199.52. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.10 and a current ratio of 0.10.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Thursday, December 28th. AvalonBay Communities’s payout ratio is 89.03%.

A number of hedge funds have recently bought and sold shares of the stock. Creative Planning lifted its stake in AvalonBay Communities by 0.4% in the second quarter. Creative Planning now owns 542 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 2 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in AvalonBay Communities by 3.5% in the second quarter. Janney Montgomery Scott LLC now owns 3,882 shares of the real estate investment trust’s stock valued at $746,000 after buying an additional 131 shares during the last quarter. Global X Management Co. LLC lifted its stake in AvalonBay Communities by 4.5% in the second quarter. Global X Management Co. LLC now owns 2,783 shares of the real estate investment trust’s stock valued at $535,000 after buying an additional 119 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in AvalonBay Communities by 29.7% in the second quarter. Advisors Asset Management Inc. now owns 16,094 shares of the real estate investment trust’s stock valued at $3,093,000 after buying an additional 3,681 shares during the last quarter. Finally, Conning Inc. lifted its stake in AvalonBay Communities by 0.4% in the second quarter. Conning Inc. now owns 4,289 shares of the real estate investment trust’s stock valued at $824,000 after buying an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Several brokerages have recently issued reports on AVB. Robert W. Baird reiterated a “buy” rating and issued a $202.00 price objective on shares of AvalonBay Communities in a research note on Friday, September 1st. BMO Capital Markets reiterated a “hold” rating and issued a $190.00 price objective on shares of AvalonBay Communities in a research note on Monday, November 27th. Stifel Nicolaus decreased their price objective on AvalonBay Communities from $209.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, November 1st. Deutsche Bank lifted their price objective on AvalonBay Communities from $193.00 to $195.00 and gave the company a “hold” rating in a research note on Friday, August 18th. Finally, Mizuho reiterated a “buy” rating and issued a $220.00 price objective on shares of AvalonBay Communities in a research note on Monday, November 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $200.71.

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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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