AvalonBay Communities Inc (NYSE:AVB) EVP Sells $522,675.00 in Stock

AvalonBay Communities Inc (NYSE:AVB) EVP William M. Mclaughlin sold 2,500 shares of the stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $209.07, for a total transaction of $522,675.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

William M. Mclaughlin also recently made the following trade(s):

  • On Thursday, March 14th, William M. Mclaughlin sold 2,500 shares of AvalonBay Communities stock. The stock was sold at an average price of $199.76, for a total transaction of $499,400.00.

Shares of AVB stock traded down $2.15 during trading hours on Wednesday, hitting $207.19. The company’s stock had a trading volume of 815,334 shares, compared to its average volume of 551,751. The firm has a market capitalization of $29.14 billion, a PE ratio of 23.02, a P/E/G ratio of 4.00 and a beta of 0.54. AvalonBay Communities Inc has a twelve month low of $165.53 and a twelve month high of $210.93. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.57 and a quick ratio of 0.57.



AvalonBay Communities (NYSE:AVB) last released its quarterly earnings results on Wednesday, April 24th. The real estate investment trust reported $2.30 EPS for the quarter, beating the consensus estimate of $2.28 by $0.02. The business had revenue of $459.80 million for the quarter, compared to analyst estimates of $575.92 million. AvalonBay Communities had a net margin of 45.94% and a return on equity of 9.52%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.18 earnings per share. As a group, sell-side analysts anticipate that AvalonBay Communities Inc will post 9.34 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $1.52 dividend. The ex-dividend date is Thursday, June 27th. This represents a $6.08 annualized dividend and a dividend yield of 2.93%. AvalonBay Communities’s dividend payout ratio is presently 67.56%.

Several hedge funds have recently added to or reduced their stakes in AVB. Brown Advisory Securities LLC boosted its position in AvalonBay Communities by 1.6% during the fourth quarter. Brown Advisory Securities LLC now owns 3,323 shares of the real estate investment trust’s stock worth $563,000 after acquiring an additional 53 shares during the last quarter. M&T Bank Corp boosted its position in AvalonBay Communities by 0.5% during the fourth quarter. M&T Bank Corp now owns 11,665 shares of the real estate investment trust’s stock worth $2,031,000 after acquiring an additional 54 shares during the last quarter. LPL Financial LLC boosted its position in AvalonBay Communities by 1.1% during the fourth quarter. LPL Financial LLC now owns 5,057 shares of the real estate investment trust’s stock worth $880,000 after acquiring an additional 56 shares during the last quarter. Cornerstone Advisors Inc. boosted its position in AvalonBay Communities by 85.5% during the first quarter. Cornerstone Advisors Inc. now owns 128 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 59 shares during the last quarter. Finally, Rehmann Capital Advisory Group boosted its position in AvalonBay Communities by 24.4% during the fourth quarter. Rehmann Capital Advisory Group now owns 306 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 60 shares during the last quarter. Institutional investors and hedge funds own 91.88% of the company’s stock.

Several research analysts recently issued reports on AVB shares. KeyCorp increased their price target on shares of AvalonBay Communities from $199.00 to $207.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Citigroup cut shares of AvalonBay Communities from a “buy” rating to a “neutral” rating and increased their target price for the company from $190.00 to $205.00 in a report on Thursday, February 21st. They noted that the move was a valuation call. SunTrust Banks increased their target price on shares of AvalonBay Communities to $208.00 and gave the company an “average” rating in a report on Thursday, February 14th. Argus reaffirmed a “buy” rating and issued a $215.00 target price on shares of AvalonBay Communities in a report on Tuesday, April 30th. Finally, Barclays increased their target price on shares of AvalonBay Communities from $203.00 to $211.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. AvalonBay Communities presently has an average rating of “Hold” and an average price target of $202.67.

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About AvalonBay Communities

As of March 31, 2019, the Company owned or held a direct or indirect ownership interest in 291 apartment communities containing 85,313 apartment homes in 12 states and the District of Columbia, of which 19 communities were under development and nine communities were under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas primarily in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and the Northern and Southern California regions of the United States.

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

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