Shares of AvalonBay Communities (NYSE:AVB) Sees Large Inflow of Net Money Flow

AvalonBay Communities (NYSE:AVB) saw its share price trade relatively negative in the recent trading session. The share price was last updated to $170.06 with a loss of -0.19 points or -0.11%. The net money flow was $7.28 million and the up/down ratio was 1.24. Approximately $37.04 million was the inflow in upticks and $29.76 million was the outflow in downticks. On a weekly measure, the shares have seen a price change of -1.93%.The shares witnessed a block transaction with a net money flow of $7.38 million. The total money in uptick was $7.38 million and in downtick was $0 million with the up/down ratio reaching 0.


Currently the company Insiders own 0.53% of AvalonBay Communities shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -14.01% . Institutional Investors own 97.15% of AvalonBay Communities shares. During last six month period, the net percent change held by insiders has seen a change of -12.22%. On the companys insider trading activities,The officer (Executive Vice President) of Avalonbay Communities Inc, Mclaughlin William M sold 10,000 shares at $190.93 on May 10, 2016. The Insider selling transaction had a total value worth of $1,909,300. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

AvalonBay Communities (NYSE:AVB) : On Monday heightened volatility was witnessed in AvalonBay Communities (NYSE:AVB) which led to swings in the share price. The stock opened for trading at $170.92 and hit $172.85 on the upside , eventually ending the session at $170.63, with a gain of 0.34% or 0.57 points. The heightened volatility saw the trading volume jump to 675,800 shares. The 52-week high of the share price is $192.29 and the company has a market cap of $23,404 million. The 52-week low of the share price is at $158.97 .

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Jefferies downgrades its outlook on AvalonBay Communities (NYSE:AVB). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The brokerage firm lowers the price target from $205 per share to $188 per share. The rating by the firm was issued on June 8, 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 74,240 apartment homes in 11 states and the District of Columbia, of which around 228 communities contain around 66,631 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 6,991 apartment homes. It operates apartment communities under three core brands: Avalon, AVA and Eaves by Avalon.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.