AvalonBay Communities, Inc. (AVB) Insider Leo S. Horey III Sells 2,000 Shares

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.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data 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). AvalonBay Communities had a net margin of 41.55% and a return on equity of 8.66%. The business had revenue of $550.50 million during the quarter, compared to the consensus estimate of $539.69 million. During the same period in the prior year, the company posted $2.11 earnings per share. The firm’s revenue was up 6.6% compared to the same quarter last year. equities research analysts anticipate that AvalonBay Communities, Inc. will post 8.62 EPS for the current fiscal year.

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.

WARNING: “AvalonBay Communities, Inc. (AVB) Insider Leo S. Horey III Sells 2,000 Shares” was first posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://www.com-unik.info/2017/12/15/avalonbay-communities-inc-avb-insider-leo-s-horey-iii-sells-2000-shares.html.

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.

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

Receive News & Ratings for AvalonBay Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AvalonBay Communities and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit