AvalonBay Communities Inc (NYSE:AVB) EVP Edward M. Schulman sold 1,301 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $213.47, for a total transaction of $277,724.47. The transaction was disclosed in a filing with the SEC, which is available through this link.

AvalonBay Communities stock traded up $1.06 during mid-day trading on Friday, reaching $215.77. 34,147 shares of the company traded hands, compared to its average volume of 528,324. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.08 and a quick ratio of 1.08. The firm’s 50 day moving average price is $207.68 and its 200 day moving average price is $203.37. The firm has a market capitalization of $30.19 billion, a price-to-earnings ratio of 23.96, a P/E/G ratio of 3.98 and a beta of 0.52. AvalonBay Communities Inc has a 52-week low of $167.01 and a 52-week high of $216.80.

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

AVB has been the subject of a number of research analyst reports. Morgan Stanley raised their price objective on shares of AvalonBay Communities from $217.00 to $229.00 and gave the stock an “equal weight” rating in a report on Friday. Wells Fargo & Co boosted their price objective on shares of AvalonBay Communities from $218.00 to $224.00 and gave the stock an “outperform” rating in a report on Tuesday, August 13th. SunTrust Banks lifted their target price on shares of AvalonBay Communities from $211.00 to $218.00 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. They noted that the move was a valuation call. Robert W. Baird raised shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $198.00 to $215.00 in a research note on Thursday, May 16th. Finally, Zelman & Associates raised shares of AvalonBay Communities from a “sell” rating to a “hold” rating in a research note on Monday, August 12th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $212.87.

A number of institutional investors have recently made changes to their positions in AVB. Cornerstone Advisors Inc. lifted its stake in AvalonBay Communities by 85.5% during the 1st quarter. Cornerstone Advisors Inc. now owns 128 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 59 shares during the period. NuWave Investment Management LLC lifted its stake in shares of AvalonBay Communities by 575.0% in the 2nd quarter. NuWave Investment Management LLC now owns 216 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 184 shares during the period. Cullen Frost Bankers Inc. increased its holdings in AvalonBay Communities by 900.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 250 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 225 shares in the last quarter. CSat Investment Advisory L.P. increased its holdings in AvalonBay Communities by 370.4% in the 2nd quarter. CSat Investment Advisory L.P. now owns 254 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 200 shares in the last quarter. Finally, Hanson McClain Inc. increased its holdings in AvalonBay Communities by 29.6% in the 1st quarter. Hanson McClain Inc. now owns 267 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 61 shares in the last quarter. Institutional investors own 91.96% of the company’s stock.

AvalonBay Communities Company Profile

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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