AvalonBay Communities, Inc. (AVB) Insider Sells 2000 Shares of Stock

(NYSE:AVB) by 5.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 238,080 shares of the real estate investment trust's stock after selling 28,518 shares during the period. Harbour Capital Advisors LLC grew its position in shares of AvalonBay Communities by 19,117.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 407,714 shares of the real estate investment trust's stock valued at $72,744,000 after purchasing an additional 309,867 shares in the last quarter. Old Mutual Global Investors UK Ltd. grew its position in shares of AvalonBay Communities by 185.9% during the 3rd quarter. The institutional investor owned 249,437 shares of the real estate investment trust's stock after buying an additional 9,407 shares during the quarter. Miles Capital Inc. grew its holdings in shares of AvalonBay Communities by 2.8% in the 2nd quarter. Public Employees Retirement System of OH now owns 215,600 shares of the real estate investment trust's stock valued at $38,467,000 after acquiring an additional 2,581 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of AvalonBay Communities by 0.5% in the 2nd quarter. Finally, Blair William & Co. Can grew its position in shares of AvalonBay Communities, Inc. GSA Capital Partners LLP now owns 10,850 shares of the real estate investment trust's stock valued at $1,936,000 after acquiring an additional 4,482 shares during the period. Institutional investors own 94.82% of the company's stock. (NYSE AVB) traded down $2.31 during midday trading on Wednesday, hitting $178.81. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.10 and a quick ratio of 0.10.

AvalonBay Communities, Inc. has a twelve month low of $163.58 and a twelve month high of $199.52. The company has a market cap of $24,691.50, a P/E ratio of 21.06, a P/E/G ratio of 2.81 and a beta of 0.35. AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings results on Wednesday, April 26th. The real estate investment trust reported $2.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by $0.02. AvalonBay Communities had a net margin of 50.56% and a return on equity of 10.36%. The business had revenue of $550.50 million for the quarter, compared to the consensus estimate of $539.69 million. During the same period a year ago, the company earned $1.97 EPS. The company's quarterly revenue was up 6.6% compared to the same quarter last year. research analysts expect that AvalonBay Communities, Inc. will post 8.62 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a dividend of $1.42 per share. The ex-dividend date is Thursday, December 28th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.85%. AvalonBay Communities's payout ratio is 88.75%. Principal Fin Gru has 0.54% invested in AvalonBay Communities, Inc. The shares were sold at an average price of $181.89, for a total transaction of $363,780.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

AVB has been the subject of several research analyst reports. Finally, Zacks Investment Research upgraded shares of AvalonBay Communities from a "sell" rating to a "hold" rating in a research note on Monday, October 30th. Mizuho reaffirmed a "buy" rating and set a $220.00 price objective on shares of AvalonBay Communities in a report on Monday, November 6th. BMO Capital Markets restated a "hold" rating and issued a $191.00 price target on shares of AvalonBay Communities in a report on Thursday, May 25th. Robert W. Baird reaffirmed a "buy" rating and issued a $202.00 target price on shares of AvalonBay Communities in a research note on Friday, September 1st. UBS upgraded shares of AvalonBay Communities from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $190.00 to $206.00 in a report on Thursday, November 9th.

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A number of equities analysts recently weighed in on the stock. The company presently has a consensus rating of "Hold" and a consensus price target of $200.71.

TRADEMARK VIOLATION WARNING: This article was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal.

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In related news, insider Leo S. Horey III sold 2,000 shares of the business's stock in a transaction dated Monday, December 4th. AvalonBay Communities, Inc. (NYSE:AVB) has risen 6.66% since December 7, 2016 and is uptrending. "The Company is focused on the development, redevelopment, acquisition, ownership and operation of multifamily communities primarily in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California.new TradingView.widget ({ "height": "400, "width": "625, "symbol": "AVB", "interval": "D", "timezone": "Etc/UTC", "theme": "White", "style": "1", "locale": "en", "toolbar_bg": "#f1f3f6", "enable_publishing": "false, "hideideas": "true, "referral_id": "2588"}); Receive News & Ratings for AvalonBay Communities Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AvalonBay Communities Inc and related companies with our FREE daily email newsletter.

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