The AvalonBay Communities Inc (AVB) SVP Sells $192,360.00 in Stock

The AvalonBay Communities Inc (AVB) SVP Sells $192,360.00 in Stock

Shares of AvalonBay Communities Inc (NYSE AVB) opened at 195.64 on Monday. The stock has a 50 day moving average of $190.69 and a 200-day moving average of $180.02. The firm has a market capitalization of $26.88 billion, a P/E ratio of 26.07 and a beta of 0.33. AvalonBay Communities Inc has a 12-month low of $158.32 and a 12-month high of $195.84.

AvalonBay Communities Inc (NYSE:AVB) SVP Keri A. Shea sold 1,000 shares of AvalonBay Communities stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $192.36, for a total transaction of $192,360.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings results on Wednesday, April 26th. The real estate investment trust reported $2.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.11 by $0.02. The business had revenue of $522.33 million for the quarter, compared to the consensus estimate of $520.56 million. AvalonBay Communities had a return on equity of 10.36% and a net margin of 50.56%. AvalonBay Communities’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.97 earnings per share. On average, equities research analysts predict that AvalonBay Communities Inc will post $5.19 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the company. Muzinich & Co. Inc. boosted its position in shares of AvalonBay Communities by 104.0% in the first quarter. Muzinich & Co. Inc. now owns 665 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 339 shares in the last quarter. Whittier Trust Co. boosted its position in shares of AvalonBay Communities by 2.8% in the first quarter. Whittier Trust Co. now owns 1,144 shares of the real estate investment trust’s stock worth $210,000 after buying an additional 31 shares in the last quarter. Edgestream Partners L.P. purchased a new position in shares of AvalonBay Communities during the first quarter worth about $216,000. Miles Capital Inc. purchased a new position in shares of AvalonBay Communities during the first quarter worth about $250,000. Finally, Wetherby Asset Management Inc. purchased a new position in shares of AvalonBay Communities during the fourth quarter worth about $257,000. Institutional investors own 97.05% of the company’s stock. AVB has been the topic of several recent analyst reports. Zelman & Associates lowered shares of AvalonBay Communities from a “hold” rating to a “sell” rating in a research note on Monday, February 13th. Mizuho reissued a “buy” rating and set a $190.00 price objective on shares of AvalonBay Communities in a research note on Tuesday, February 7th. Bank of America Corp raised shares of AvalonBay Communities from a “neutral” rating to a “buy” rating and set a $202.00 price objective on the stock in a research note on Wednesday, March 8th. Royal Bank of Canada reissued a “buy” rating and set a $191.00 price objective on shares of AvalonBay Communities in a research note on Monday, February 13th. Finally, Evercore ISI downgraded shares of AvalonBay Communities to a “buy” rating in a report on Friday, March 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $192.73.

AvalonBay Communities Company Profile 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AVB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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