Russell Investments sold shares in AvalonBay Communities, while Franklin Resources increased its stake in the company.

Russell Investments Group Ltd. reduced its holdings in AvalonBay Communities Inc. by selling 19,500 shares, leaving it with a stake worth $151,979,000. Meanwhile, Franklin Resources Inc. increased its position by 5.2%, owning 223,353 shares valued at $49,131,000. AvalonBay Communities reported a 2.7% earnings growth in Q4 and is projected to post 11.48 earnings per share for the current year.

5 days ago
3 Articles