AvalonBay Communities, Inc. (NYSE:AVB) insider Leo S. Horey III sold 2,000 shares of the company’s 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 SEC, which can be accessed through 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. (NYSE:AVB) traded down $0.71 on Friday, hitting $181.66. The stock had a trading volume of 1,272,800 shares, compared to its average volume of 675,009. AvalonBay Communities, Inc. has a 12 month low of $169.50 and a 12 month high of $199.52. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $25,174.81, a PE ratio of 21.47, a price-to-earnings-growth ratio of 2.86 and a beta of 0.35.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a $1.42 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $5.68 annualized dividend and a dividend yield of 3.13%. AvalonBay Communities’s dividend payout ratio is 88.75%.
A number of brokerages have issued reports on AVB. Deutsche Bank upped their target price on AvalonBay Communities from $193.00 to $195.00 and gave the stock a “hold” rating in a research report on Friday, August 18th. Goldman Sachs Group cut AvalonBay Communities from a “buy” rating to a “neutral” rating and set a $196.00 target price for the company. in a research report on Tuesday, September 5th. Robert W. Baird reaffirmed a “buy” rating and set a $202.00 target price on shares of AvalonBay Communities in a research report on Friday, September 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $209.00 target price on shares of AvalonBay Communities in a research report on Friday, September 1st. Finally, UBS raised AvalonBay Communities from a “neutral” rating to a “buy” rating and upped their target price for the stock from $190.00 to $206.00 in a research report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $201.40.
Several institutional investors and hedge funds have recently bought and sold shares of AVB. Creative Planning boosted its position in shares of 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 acquiring an additional 2 shares during the period. Amica Retiree Medical Trust acquired a new position in shares of AvalonBay Communities in the third quarter valued at $132,000. WFG Advisors LP raised its stake in shares of AvalonBay Communities by 24.9% in the second 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 in the last quarter. Savant Capital LLC raised its stake in shares of AvalonBay Communities by 4.6% in the second quarter. Savant Capital LLC now owns 1,140 shares of the real estate investment trust’s stock valued at $219,000 after purchasing an additional 50 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of AvalonBay Communities in the second quarter valued at $226,000. 95.07% of the stock is owned by institutional investors.
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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.
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