AvalonBay Communities Inc (NYSE:AVB) COO Sean J. Breslin sold 3,100 shares of the stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $189.13, for a total transaction of $586,303.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Sean J. Breslin also recently made the following trade(s):
- On Thursday, December 6th, Sean J. Breslin sold 3,366 shares of AvalonBay Communities stock. The stock was sold at an average price of $189.08, for a total transaction of $636,443.28.
AVB traded up $4.35 on Thursday, hitting $191.67. The company had a trading volume of 1,463,935 shares, compared to its average volume of 684,891. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.77 and a quick ratio of 0.77. AvalonBay Communities Inc has a 52-week low of $152.65 and a 52-week high of $191.78. The firm has a market capitalization of $25.89 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 2.82 and a beta of 0.42.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be issued a $1.47 dividend. The ex-dividend date is Friday, December 28th. This represents a $5.88 annualized dividend and a yield of 3.07%. AvalonBay Communities’s dividend payout ratio (DPR) is presently 68.21%.
A number of research firms have recently weighed in on AVB. BTIG Research upgraded shares of AvalonBay Communities from a “neutral” rating to a “buy” rating and set a $216.00 target price for the company in a report on Thursday. Argus increased their target price on shares of AvalonBay Communities from $196.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, November 21st. ValuEngine upgraded shares of AvalonBay Communities from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Scotiabank set a $183.00 target price on shares of AvalonBay Communities and gave the stock a “hold” rating in a report on Monday, November 12th. Finally, BMO Capital Markets upgraded shares of AvalonBay Communities from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $188.00 to $195.00 in a report on Friday, November 2nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $192.88.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Marshall Wace North America L.P. purchased a new position in shares of AvalonBay Communities during the third quarter valued at approximately $4,867,000. Matthew Goff Investment Advisor LLC purchased a new position in shares of AvalonBay Communities during the third quarter valued at approximately $87,000. Morgan Stanley lifted its holdings in shares of AvalonBay Communities by 6.0% during the third quarter. Morgan Stanley now owns 1,543,079 shares of the real estate investment trust’s stock valued at $279,528,000 after purchasing an additional 87,440 shares during the last quarter. Legal & General Group Plc increased its position in shares of AvalonBay Communities by 2.4% during the third quarter. Legal & General Group Plc now owns 1,207,539 shares of the real estate investment trust’s stock valued at $218,690,000 after acquiring an additional 27,812 shares in the last quarter. Finally, Standard Life Aberdeen plc increased its position in shares of AvalonBay Communities by 1.8% during the third quarter. Standard Life Aberdeen plc now owns 633,357 shares of the real estate investment trust’s stock valued at $114,733,000 after acquiring an additional 11,201 shares in the last quarter. Institutional investors and hedge funds own 92.45% of the company’s stock.
About AvalonBay Communities
As of June 30, 2018, the Company owned or held a direct or indirect ownership interest in 287 apartment communities containing 84,043 apartment homes in 12 states and the District of Columbia, of which 19 communities were under development and 16 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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