The Chief Financial Officer of AvalonBay (NYSE: AVB) is Selling Shares

By Carrie Williams

Today, the Chief Financial Officer of AvalonBay (NYSE: AVB), Kevin O’shea, sold shares of AVB for $648.6K.

In addition to Kevin O’shea, 28 other AVB executives reported Sell trades in the last month.

Based on AvalonBay’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $516 million and quarterly net profit of $242 million. In comparison, last year the company earned revenue of $481 million and had a net profit of $155 million. The company has a one year high of $192.29 and a one year low of $158.32. AVB’s market cap is $24.93B and the company has a P/E ratio of 23.76.

Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $184.29, reflecting a -3.1% downside.

In the last 30 days, insiders have sold $3.53M worth of AVB shares and purchased $299.8K worth of AVB shares. The insider sentiment on AvalonBay has been negative according to 68 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. operates as a real estate investment trust, which engages in the development, redevelopment, acquisition, ownership, and operation of multifamily apartment communities. It operates through the following segments: Established Communities, Other Stabilized Communities, and Development or Redevelopment Communities. The Established Communities segment refers to the operating communities that were owned and had stabilized occupancy. The Other Stabilized Communities segment includes all other completed communities that have stabilized occupancy. The Development or Redevelopment Communities segment consists of communities that are under construction. The company was founded by Gilbert M. Meyer in 1978 and is headquartered in Arlington, VA.