AvalonBay Communities, Inc. (NYSE:AVB) insider Leo S. Horey III sold 2,000 shares of AvalonBay Communities stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $182.75, for a total value of $365,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Leo S. Horey III also recently made the following trade(s):
- On Monday, December 4th, Leo S. Horey III sold 2,000 shares of AvalonBay Communities stock. The stock was sold at an average price of $181.89, for a total value of $363,780.00.
AvalonBay Communities, Inc. (AVB) opened at $181.66 on Friday. The company has a market capitalization of $25,183.09, a P/E ratio of 21.48, a PEG ratio of 2.86 and a beta of 0.35. 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, Inc. has a one year low of $169.50 and a one year high of $199.52.
AvalonBay Communities (NYSE:AVB) last released its earnings results on Monday, October 30th. The real estate investment trust reported $1.72 EPS for the quarter, missing the Zacks’ consensus estimate of $2.17 by ($0.45). The firm had revenue of $550.50 million during 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 company’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 business earned $2.11 EPS. analysts expect that AvalonBay Communities, Inc. will post 8.62 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Thursday, December 28th. AvalonBay Communities’s payout ratio is presently 88.75%.
A number of brokerages have recently weighed in on AVB. UBS upgraded AvalonBay Communities from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $190.00 to $206.00 in a research report on Thursday, November 9th. Mizuho reiterated a “buy” rating and issued a $220.00 price objective on shares of AvalonBay Communities in a research report on Monday, November 6th. Evercore ISI upgraded AvalonBay Communities from an “in-line” rating to an “outperform” rating and set a $194.00 price objective on the stock in a research report on Monday, September 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $209.00 price objective on shares of AvalonBay Communities in a research report on Wednesday, October 4th. Finally, KeyCorp reiterated a “hold” rating on shares of AvalonBay Communities in a research report on Sunday, September 24th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. AvalonBay Communities has an average rating of “Hold” and an average price target of $201.40.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Planning lifted its stake in shares of AvalonBay Communities by 0.4% in the 2nd quarter. Creative Planning now owns 542 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 2 shares during the period. Amica Retiree Medical Trust purchased a new position in shares of AvalonBay Communities in the 3rd quarter valued at approximately $132,000. WFG Advisors LP lifted its stake in shares of AvalonBay Communities by 24.9% in the 2nd quarter. WFG Advisors LP now owns 839 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 167 shares during the period. Savant Capital LLC raised its stake in AvalonBay Communities by 4.6% during the second quarter. Savant Capital LLC now owns 1,140 shares of the real estate investment trust’s stock valued at $219,000 after buying an additional 50 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in AvalonBay Communities during the second quarter valued at $226,000. Institutional investors own 95.07% of the company’s stock.
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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.
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