Matthew Birenbaum, Chief Investment Officer of AvalonBay Communities Inc (NYSE:AVB), completed a sale of 5,000 shares of the company’s stock on August 5, 2024. The transaction was reported in a recent SEC filing. Following this sale, the insider now owns 65,967.4792 shares of AvalonBay Communities Inc.
AvalonBay Communities Inc. is engaged in the development, acquisition, ownership and operation of multifamily properties, primarily in the United States. With a focus on markets with high barriers to entry, the company’s properties aim to attract a broad range of residents through luxury housing and superior customer service.
Over the past year, Matthew Birenbaum has sold a total of 5,000 shares and has not purchased any shares of the company. AvalonBay Communities Inc.’s insider transaction history shows no insider purchases over the past year, but there were 5 insider sales during the same period.
On the day of the sale, AvalonBay Communities Inc. shares were trading at $208.9. This price gives the company a market capitalization of approximately $29.57 billion. The company’s price-to-earnings ratio is 35.18, well above the industry average of 16.82.
AvalonBay Communities Inc.’s GF Value is calculated at $200.93, which suggests that the stock is fairly valued with a Price to GF Value ratio of 1.04. The GF Value is derived from historical trading multiples, a GuruFocus adjustment factor based on past performance, and estimates of future business performance.
This insider sale could be of interest to investors who track insider behavior and evaluate stock valuation metrics such as price-to-sales ratio, price-to-book ratio and price-to-free cash flow ratio in relation to the current market performance and future prospects of the company.
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.
