Sumitomo Mitsui and other investors increased stakes in AvalonBay Communities, valued at $31.32B, despite mixed analyst views.

Sumitomo Mitsui DS Asset Management increased its stake in AvalonBay Communities by 10.7%, holding 46,233 shares. Other investors like JPMorgan Chase and West Oak Capital also raised their holdings. Despite a slight miss in earnings, AvalonBay Communities' stock is valued at $31.32 billion with a dividend yield of 3.18%. Analysts have mixed views, with a consensus "Hold" rating and a target price of $234.33.

2 months ago
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