Leo S. Horey III Sells 2,000 Shares of AvalonBay Communities Inc (NYSE:AVB) Stock

AvalonBay Communities Inc (NYSE:AVB) insider Leo S. Horey III sold 2,000 shares of AvalonBay Communities stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $214.00, for a total transaction of $428,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link.

Leo S. Horey III also recently made the following trade(s):

  • On Wednesday, June 12th, Leo S. Horey III sold 2,000 shares of AvalonBay Communities stock. The stock was sold at an average price of $210.00, for a total transaction of $420,000.00.
  • On Monday, June 10th, Leo S. Horey III sold 1,000 shares of AvalonBay Communities stock. The stock was sold at an average price of $209.28, for a total transaction of $209,280.00.

NYSE:AVB traded up $1.07 on Friday, reaching $215.78. The stock had a trading volume of 352,045 shares, compared to its average volume of 528,324. The company has a market capitalization of $30.19 billion, a P/E ratio of 23.98, a price-to-earnings-growth ratio of 3.98 and a beta of 0.52. AvalonBay Communities Inc has a 1-year low of $167.01 and a 1-year high of $216.80. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.70. The stock has a fifty day moving average price of $207.68 and a 200-day moving average price of $203.37.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $1.21 EPS for the quarter, missing the Zacks’ consensus estimate of $2.31 by ($1.10). The firm had revenue of $577.26 million during the quarter, compared to analyst estimates of $572.69 million. AvalonBay Communities had a net margin of 41.83% and a return on equity of 8.63%. During the same quarter last year, the firm earned $2.23 earnings per share. Sell-side analysts predict that AvalonBay Communities Inc will post 9.32 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Hancock Whitney Corp bought a new stake in shares of AvalonBay Communities during the second quarter worth approximately $227,000. Keudell Morrison Wealth Management acquired a new position in shares of AvalonBay Communities in the second quarter valued at approximately $1,963,000. Treasurer of the State of North Carolina boosted its holdings in shares of AvalonBay Communities by 0.6% in the second quarter. Treasurer of the State of North Carolina now owns 70,718 shares of the real estate investment trust’s stock valued at $14,368,000 after buying an additional 433 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of AvalonBay Communities by 5.1% in the second quarter. Mackenzie Financial Corp now owns 19,796 shares of the real estate investment trust’s stock valued at $4,022,000 after buying an additional 967 shares during the period. Finally, Nomura Holdings Inc. boosted its holdings in AvalonBay Communities by 0.6% during the second quarter. Nomura Holdings Inc. now owns 20,179 shares of the real estate investment trust’s stock worth $4,080,000 after purchasing an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 91.96% of the company’s stock.

AVB has been the topic of several recent research reports. SunTrust Banks lifted their target price on shares of AvalonBay Communities from $211.00 to $218.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. They noted that the move was a valuation call. Zelman & Associates upgraded shares of AvalonBay Communities from a “sell” rating to a “hold” rating in a research report on Monday, August 12th. Barclays decreased their target price on shares of AvalonBay Communities from $228.00 to $226.00 and set an “equal weight” rating on the stock in a research report on Friday. BTIG Research lifted their target price on shares of AvalonBay Communities to $235.00 and gave the company a “positive” rating in a research report on Thursday, August 15th. Finally, KeyCorp boosted their price target on shares of AvalonBay Communities from $212.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. AvalonBay Communities presently has a consensus rating of “Hold” and a consensus price target of $212.87.

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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