Today, the SVP-Finance and Treasurer of AvalonBay (AVB), Keri Shea, sold shares of AVB for $348K.
Following Keri Shea’s last AVB Sell transaction on May 12, 2017, the stock climbed by 3.8%. In addition to Keri Shea, 4 other AVB executives reported Sell trades in the last month.
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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 $25.78B and the company has a P/E ratio of 31.19. Currently, AvalonBay has an average volume of 140.3K.
Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $190.00, reflecting a 2.0% upside.
The insider sentiment on AvalonBay has been negative according to 53 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.
