.png "AvalonBay (NYSE: AVB)")
Today, the CFO of AvalonBay (NYSE: AVB), Kevin O’shea, sold shares of AVB for $359.7K.
Following Kevin O’shea’s last AVB Sell transaction on March 10, 2017, the stock climbed by 10.8%.
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Based on AvalonBay’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $569 million and quarterly net profit of $255 million. In comparison, last year the company earned revenue of $529 million and had a net profit of $165 million. AVB’s market cap is $24.89B and the company has a P/E ratio of 28.56. Currently, AvalonBay has an average volume of 725.7K.
Based on 9 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $187.50, reflecting a -3.9% downside.
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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.
