Today, the EVP-General Counsel of AvalonBay (AVB), Edward Schulman, bought shares of AVB for $199.9K.
Following Edward Schulman’s last AVB Buy transaction on November 20, 2018, the stock climbed by 11.5%. This recent transaction increases Edward Schulman’s holding in the company by 6.8% to a total of $4.64 million.
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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 $27.21B and the company has a P/E ratio of 27.90. Currently, AvalonBay has an average volume of 181.6K.
Five different firms, including KeyBanc and Mizuho Securities, 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 $202.63, reflecting a 2.9% upside.
In the last 30 days, insiders have sold $3.62M worth of AVB shares and purchased $199.9K worth of AVB shares. The insider sentiment on AvalonBay has been negative according to 61 insider trades in the past three months. This sentiment is 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.
