Today, the CAO of AvalonBay (AVB), Leo Horey, sold shares of AVB for $980.5K.
Following Leo Horey’s last AVB Sell transaction on November 21, 2018, the stock climbed by 10.8%.
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Based on AvalonBay’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $577 million and quarterly net profit of $385 million. In comparison, last year the company earned revenue of $554 million and had a net profit of $237 million. AVB’s market cap is $27.1B and the company has a P/E ratio of 27.79. Currently, AvalonBay has an average volume of 237.5K.
Based on 10 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $204.11, reflecting a 4.4% upside.
The insider sentiment on AvalonBay has been neutral according to 54 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.
Leo Horey’s trades have generated a -9.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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AvalonBay Communities, Inc. is a real estate investment trust, which engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities. It operates through the following segments: Established Communities, Other Stabilized Communities, and Development or Redevelopment Communities.
