GuruFocus - On August 15, 2024, Sean Breslin, Chief Operating Officer of AvalonBay Communities Inc (NYSE:AVB), sold 4,000 shares of the company. The transaction was documented in an SEC Filing. Following this sale, the insider now owns 59,579.0203 shares of AvalonBay Communities Inc.
AvalonBay Communities Inc is a real estate investment trust (REIT) focused on developing, redeveloping, acquiring, and managing high-quality apartment communities in leading metropolitan areas in the United States.
The shares were sold at a price of $215.44, valuing the transaction at approximately $862,176. This sale contributes to a total of 4,000 shares sold by Sean Breslin over the past year, with no shares purchased during the same period.
The insider transaction history for AvalonBay Communities Inc shows a trend of more sales than purchases among insiders, with 6 insider sells and 0 insider buys over the past year.
As of the date of the sale, AvalonBay Communities Inc had a market cap of approximately $30.61 billion. The stock's price-earnings ratio stood at 36.41, which is above both the industry median of 16.835 and the companys historical median.
The current stock price places AvalonBay Communities Inc at a GF Value of $200.34, resulting in a price-to-GF-Value ratio of 1.08. This suggests that the stock is Fairly Valued according to the GF Value assessment.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates provided by Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of confidence levels in the company's future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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