Today, the EVP of AvalonBay (AVB), William M. McLaughlin, sold shares of AVB for $4.35M.
In addition to William M. McLaughlin, 5 other AVB executives reported Sell trades in the last month. Following William M. McLaughlin’s last AVB Sell transaction on June 12, 2017, the stock climbed by 2.3%.
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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 $25.77B and the company has a P/E ratio of 31.18. Currently, AvalonBay has an average volume of 177K.
Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $190.71, reflecting a 2.6% upside.
In the last 30 days, insiders have sold $5.78M worth of AVB shares and purchased $2.95M worth of AVB shares. The insider sentiment on AvalonBay has been negative according to 56 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
William M. McLaughlin’s trades have generated a -11.6% 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.
