AvalonBay Communities, Inc. $AVB Shares Sold by PensionDanmark Pensionsforsikringsaktieselskab
PensionDanmark Pensionsforsikringsaktieselskab significantly reduced its stake in AvalonBay Communities (NYSE: AVB) by 84% in the second quarter, selling 21,622 shares and retaining 4,120 shares valued at approximately $777,000. Despite the sell-off, institutional investors still collectively own 92.61% of AVB. Wall Street analysts generally hold …