AvalonBay Communities, Inc. (NYSE:AVB) EVP Edward M. Schulman Sells 245 Shares of Stock

AvalonBay Communities, Inc. (NYSE:AVB) EVP Edward M. Schulman sold 245 shares of the company’s stock in a transaction on Tuesday, November 23rd. The stock was sold at an average price of $240.94, for a total transaction of $59,030.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

AvalonBay Communities stock traded up $4.13 during trading hours on Thursday, hitting $246.86. 323,735 shares of the stock were exchanged, compared to its average volume of 705,359. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $34.50 billion, a P/E ratio of 34.14, a P/E/G ratio of 7.26 and a beta of 0.93. AvalonBay Communities, Inc. has a 12 month low of $154.84 and a 12 month high of $247.45. The business’s 50-day moving average is $232.11 and its two-hundred day moving average is $222.58.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings data on Tuesday, October 26th. The real estate investment trust reported $0.56 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.99 by ($1.43). AvalonBay Communities had a return on equity of 9.37% and a net margin of 44.91%. During the same quarter in the prior year, the firm earned $2.06 EPS. On average, equities analysts predict that AvalonBay Communities, Inc. will post 8.15 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 18th. Stockholders of record on Friday, December 31st will be paid a dividend of $1.59 per share. This is a boost from AvalonBay Communities’s previous quarterly dividend of $0.01. This represents a $6.36 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Thursday, December 30th. AvalonBay Communities’s dividend payout ratio is 87.97%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of AvalonBay Communities by 0.5% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,292 shares of the real estate investment trust’s stock valued at $1,838,000 after purchasing an additional 45 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of AvalonBay Communities by 11.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 433 shares of the real estate investment trust’s stock valued at $90,000 after purchasing an additional 46 shares during the last quarter. Advisory Services Network LLC grew its stake in shares of AvalonBay Communities by 3.4% during the third quarter. Advisory Services Network LLC now owns 1,484 shares of the real estate investment trust’s stock valued at $329,000 after purchasing an additional 49 shares during the last quarter. Heritage Wealth Advisors grew its stake in shares of AvalonBay Communities by 1.8% during the third quarter. Heritage Wealth Advisors now owns 2,872 shares of the real estate investment trust’s stock valued at $637,000 after purchasing an additional 51 shares during the last quarter. Finally, Veriti Management LLC grew its stake in shares of AvalonBay Communities by 1.9% during the second quarter. Veriti Management LLC now owns 2,877 shares of the real estate investment trust’s stock valued at $600,000 after purchasing an additional 53 shares during the last quarter. 87.39% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently commented on AVB shares. Barclays assumed coverage on shares of AvalonBay Communities in a research report on Wednesday, September 1st. They set an “underweight” rating and a $225.00 price objective for the company. BTIG Research increased their price target on shares of AvalonBay Communities from $251.00 to $285.00 and gave the stock a “buy” rating in a research report on Monday, August 2nd. They noted that the move was a valuation call. TheStreet raised shares of AvalonBay Communities from a “c+” rating to a “b” rating in a research report on Wednesday, July 28th. The Goldman Sachs Group assumed coverage on shares of AvalonBay Communities in a research report on Thursday, September 23rd. They issued a “buy” rating and a $257.00 price target for the company. Finally, Wells Fargo & Company increased their price target on shares of AvalonBay Communities from $242.00 to $265.00 and gave the stock an “overweight” rating in a research report on Monday. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $230.25.

About AvalonBay Communities

AvalonBay Communities, Inc is a real estate investment trust, which engages in the development, acquisition, ownership, and operation of multifamily communities. It operates through the following segments: Established Communities, Other Stabilized Communities, and Development or Redevelopment Communities.

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