Today, the CFO of AvalonBay (AVB), Kevin O’shea, sold shares of AVB for $269.3K.
Following Kevin O’shea’s last AVB Sell transaction on August 06, 2018, the stock climbed by 1.4%.
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Based on AvalonBay’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $575 million and quarterly net profit of $192 million. In comparison, last year the company earned revenue of $545 million and had a net profit of $238 million. AVB’s market cap is $24.9B and the company has a P/E ratio of 30.12. Currently, AvalonBay has an average volume of 205.8K.
Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $189.40, reflecting a 4.7% upside.
The insider sentiment on AvalonBay has been neutral according to 50 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.
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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.
