Clearbridge Investments LLC Sells 661,806 Shares of AvalonBay Communities, Inc. $AVB

Posted by Francis Steltz on Jun 7th, 2026

Clearbridge Investments LLC reduced its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB – Free Report) by 29.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,605,273 shares of the real estate investment trust’s stock after selling 661,806 shares during the period. Clearbridge Investments LLC owned 1.13% of AvalonBay Communities worth $291,052,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AVB. Norges Bank bought a new position in AvalonBay Communities during the fourth quarter valued at about $1,394,635,000. Bank of America Corp DE raised its holdings in AvalonBay Communities by 76.0% during the third quarter. Bank of America Corp DE now owns 2,355,838 shares of the real estate investment trust’s stock valued at $455,077,000 after buying an additional 1,017,286 shares in the last quarter. Principal Financial Group Inc. raised its holdings in AvalonBay Communities by 9.3% during the fourth quarter. Principal Financial Group Inc. now owns 4,497,047 shares of the real estate investment trust’s stock valued at $815,360,000 after buying an additional 383,983 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in AvalonBay Communities by 1,765.8% during the fourth quarter. Teacher Retirement System of Texas now owns 348,068 shares of the real estate investment trust’s stock valued at $63,108,000 after buying an additional 329,413 shares in the last quarter. Finally, Bahl & Gaynor Inc. raised its holdings in AvalonBay Communities by 126.5% during the third quarter. Bahl & Gaynor Inc. now owns 555,832 shares of the real estate investment trust’s stock valued at $107,370,000 after buying an additional 310,412 shares in the last quarter. 92.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AVB has been the topic of several recent research reports. Wells Fargo & Company cut their target price on AvalonBay Communities from $193.00 to $191.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd. Royal Bank Of Canada raised their target price on AvalonBay Communities from $180.00 to $188.00 and gave the company a “sector perform” rating in a report on Wednesday, April 29th. Wolfe Research upgraded AvalonBay Communities from an “outperform” rating to an “outperform” rating and set a $209.00 target price on the stock in a report on Monday, June 1st. Citigroup lowered their price target on AvalonBay Communities from $212.00 to $198.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. Finally, Wall Street Zen raised AvalonBay Communities from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Five research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $198.44.

View Our Latest Research Report on AVB

AvalonBay Communities Trading Up 0.3%

Shares of NYSE:AVB opened at $189.72 on Friday. The company has a market cap of $26.39 billion, a P/E ratio of 27.50, a P/E/G ratio of 3.30 and a beta of 0.78. The stock’s 50-day moving average is $177.59 and its 200-day moving average is $177.38. AvalonBay Communities, Inc. has a 52-week low of $160.10 and a 52-week high of $209.86. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.62 and a current ratio of 0.62.

AvalonBay Communities (NYSE:AVB – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.80 by ($0.47). The business had revenue of $770.28 million during the quarter, compared to analyst estimates of $768.80 million. AvalonBay Communities had a net margin of 37.21% and a return on equity of 9.56%. During the same period in the prior year, the business posted $2.83 earnings per share. Equities research analysts predict that AvalonBay Communities, Inc. will post 11.31 earnings per share for the current year.

About AvalonBay Communities

(Free Report)

AvalonBay Communities, Inc (NYSE: AVB) is a publicly traded real estate investment trust (REIT) that owns, develops, redevelops and manages multifamily residential properties. The company focuses on professionally managed apartment communities, offering a range of rental housing options and related resident services. As a REIT, AvalonBay’s core activities center on the acquisition and development of apartment assets and the ongoing operations and leasing of those communities.

AvalonBay’s operating activities include ground-up development, strategic redevelopment of existing properties, property and asset management, and on-site leasing and resident services.