Vanguard Group Inc. reduced its stake in AvalonBay Communities by 0.3%, selling 60,674 shares but still holding a significant 15.97% of the company’s stock. Despite the sale, institutional ownership remains high at 92.61%, and other major institutional investors like Norges Bank and Invesco Ltd. increased their positions. AvalonBay also announced an increase in its quarterly dividend to $1.78 per share, resulting in a 4.0% yield, and reported Q4 EPS that slightly beat analyst expectations.
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AvalonBay Communities, Inc. $AVB Shares Sold by Vanguard Group Inc.
Vanguard Group Inc. reduced its stake in AvalonBay Communities by 0.3%, selling 60,674 shares but still holding a significant 15.97% of the company’s stock. Despite the sale, institutional ownership remains high at 92.61%, and other major institutional investors like Norges Bank and Invesco Ltd. increased their positions. AvalonBay also announced an increase in its quarterly dividend to $1.78 per share, resulting in a 4.0% yield, and reported Q4 EPS that slightly beat analyst expectations.