Avalonbay Communities Inc (AVB): Kevin P. O’shea , Chief Financial Officer of Avalonbay Communities Inc sold 6,535 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were sold at $180.66 per share for a total value of $1,180,612.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 7, 2016, Kevin P. O’shea (Chief Financial Officer) sold 1,250 shares at $178.79 per share price.On Mar 3, 2016, Leo S Iii Horey (Chief Administrative Officer) sold 1,958 shares at $178.25 per share price.Also, On Feb 10, 2016, John J Jr Healy (director) sold 1,318 shares at $163.29 per share price.On Dec 1, 2015, Timothy J Naughton (Chairman & CEO) sold 50,000 shares at $182.61 per share price.
AvalonBay Communities Inc: On Wednesday, May 4, 2016 heightened volatility was witnessed in AvalonBay Communities Inc which led to swings in the share price. The shares opened for trading at $179.52 and hit $185.2299 on the upside , eventually ending the session at $185.15, with a gain of 2.08% or 3.77 points. The heightened volatility saw the trading volume jump to 10,74,126 shares. The 52-week high of the share price is $190.83 and the company has a market cap of $25,366 M . The 52-week low of the share price is at $158.72.
Company has been under the radar of several Street Analysts.AvalonBay Communities Inc is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 198 from a previous price target of $196 .The Rating was issued on May 3, 2016.AvalonBay Communities Inc is Downgraded by UBS to Neutral and the brokerage firm has raised the Price Target to $ 184 from a previous price target of $180 .Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 11, 2016.AvalonBay Communities Inc is Reiterated by RBC Capital Mkts to Outperform while Lowering the Price Target of the company shares to $ 196 from a previous price target of $205 . The Rating was issued on Feb 12, 2016.
AvalonBay Communities Inc. is a real estate investment trust (REIT). The Company develops redevelops acquires owns and operates multifamily communities primarily in New England the New York/New Jersey metro area the Mid-Atlantic the Pacific Northwest and Northern and Southern California. It focuses on metropolitan areas in these regions. The Company operates in three segments: Established Communities Other Stabilized Communities and Development/Redevelopment Communities. It owns an ownership interest in around 252 operating apartment communities containing 74240 apartment homes in 11 states and the District of Columbia of which around 228 communities contain around 66631 apartment homes; two communities containing over 618 apartment homes were held by joint ventures in which it holds an ownership interest and approximately 22 communities contain around 6991 apartment homes. It operates apartment communities under three core brands: Avalon AVA and Eaves by Avalon.