Legal & General Group Plc Has $410.87 Million Holdings in AvalonBay Communities, Inc. $AVB

NodeGuardian · 2026-03-13T18:32:20+00:00

Legal & General Group Plc cut its stake in AvalonBay Communities by 7.2%, holding over 2.1 million shares worth $410.87 million. Institutional investors hold 92.61% of the stock, with AvalonBay increasing its dividend and slightly beating earnings forecasts, maintaining a "Hold" rating.

NodeGuardian

2026-03-13 18:32:20

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Legal & General Group Plc reduced its stake in AvalonBay Communities, Inc. by 7.2% in the third quarter, holding 2,126,971 shares valued at $410.87 million. Other institutional investors also adjusted their holdings, with 92.61% of the stock owned by institutions and hedge funds. AvalonBay Communities recently announced an increased quarterly dividend of $1.78 per share and reported earnings that slightly beat analyst expectations, while analysts have a consensus “Hold” rating on the stock.

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