On August 15, 2024, Sean Breslin, Chief Operating Officer of AvalonBay Communities Inc (NYSE:AVB), sold 4,000 shares of the company’s stock. 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 the development, redevelopment, acquisition and management of high-quality apartment communities in leading metropolitan areas across the United States.
The shares were sold at a price of $215.44, which represents a transaction value of approximately $862,176. In total, Sean Breslin sold 4,000 shares last year, while no shares were purchased during the same period.
AvalonBay Communities Inc.’s insider transaction history shows a trend of more selling than buying among insiders, with 6 insider sales and 0 insider purchases in the past year.
At the time of the sale, AvalonBay Communities Inc. had a market capitalization of approximately $30.61 billion. The stock’s price-to-earnings ratio was 36.41, above both the industry median of 16.835 and the company’s historical median.
The current share price gives AvalonBay Communities Inc a GF Value of $200.34, which translates to 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 estimates of future business performance provided by Morningstar analysts.
This insider sale may be of interest to investors who follow insider behavior as an indicator of confidence in the company’s future prospects.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
