Keri A. Shea Sells 1,131 Shares of AvalonBay Communities Inc (AVB) Stock

AvalonBay Communities Inc (NYSE:AVB) SVP Keri A. Shea sold 1,131 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $200.09, for a total value of $226,301.79. The sale was disclosed in a filing with the SEC, which is available through this link.

AVB stock opened at $198.53 on Friday. The company has a market cap of $28.04 billion, a PE ratio of 22.06, a PEG ratio of 3.88 and a beta of 0.59. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.63 and a current ratio of 0.63. AvalonBay Communities Inc has a one year low of $156.93 and a one year high of $204.53.

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 Thomson Reuters’ consensus estimate of $2.28 by $0.02. The firm 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 business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.18 EPS. Analysts forecast that AvalonBay Communities Inc will post 9.32 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Bremer Bank National Association purchased a new stake in shares of AvalonBay Communities during the 1st quarter valued at approximately $111,000. Advisor Group Inc. raised its position in shares of AvalonBay Communities by 17.2% during the 1st quarter. Advisor Group Inc. now owns 3,746 shares of the real estate investment trust’s stock valued at $752,000 after buying an additional 550 shares during the period. BlackRock Inc. raised its position in shares of AvalonBay Communities by 2.0% during the 1st quarter. BlackRock Inc. now owns 16,019,099 shares of the real estate investment trust’s stock valued at $3,215,513,000 after buying an additional 318,151 shares during the period. Parametric Portfolio Associates LLC raised its position in shares of AvalonBay Communities by 6.2% during the 1st quarter. Parametric Portfolio Associates LLC now owns 356,602 shares of the real estate investment trust’s stock valued at $71,581,000 after buying an additional 20,759 shares during the period. Finally, First Trust Advisors LP increased its holdings in AvalonBay Communities by 18.3% in the 1st quarter. First Trust Advisors LP now owns 224,530 shares of the real estate investment trust’s stock valued at $45,070,000 after purchasing an additional 34,654 shares during the last quarter. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently commented on AVB. ValuEngine raised AvalonBay Communities from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. Barclays increased their price objective on AvalonBay Communities from $203.00 to $211.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. SunTrust Banks increased their price objective on AvalonBay Communities to $208.00 and gave the stock an “average” rating in a research note on Thursday, February 14th. Mizuho cut AvalonBay Communities from a “buy” rating to a “neutral” rating and set a $210.00 price objective on the stock. in a research note on Wednesday. Finally, Argus reissued a “buy” rating and issued a $215.00 price objective on shares of AvalonBay Communities in a research note on Tuesday, April 30th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. AvalonBay Communities presently has an average rating of “Hold” and a consensus target price of $201.25.

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About AvalonBay Communities

As of December 31, 2018, the Company owned or held a direct or indirect ownership interest in 291 apartment communities containing 85,158 apartment homes in 12 states and the District of Columbia, of which 21 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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