Today, the COO of AvalonBay (NYSE: AVB), Sean Breslin, bought shares of AVB for $390.7K.
Following this transaction Sean Breslin’s holding in the company was increased by 7.47% to a total of $6.56 million. Following Sean Breslin’s last AVB Buy transaction on December 13, 2017, the stock climbed by 4.8%.
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Based on AvalonBay’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $568 million and quarterly net profit of $254 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 $25.22B and the company has a P/E ratio of 28.92. Currently, AvalonBay has an average volume of 129K.
21 different firms, including Argus Research and BMO Capital, currently also have a Buy rating on the stock. Based on 10 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $190.25, reflecting a 4.3% upside.
In the last 30 days, insiders have sold $1.67M worth of AVB shares and purchased $390.7K worth of AVB shares. The insider sentiment on AvalonBay has been negative according to 50 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Sean Breslin’s trades have generated a -14.6% 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.
