Coronation Fund Managers 13F: Cuts VMRK Stake by $12M
Key Points
- Coronation Fund Managers reduced its holdings in AvalonBay Communities by 191,914 shares, a drop of about 79.6%, in a filing on October 27, 2026.
- Coronation Fund Managers held 49,210 $VMRK shares at quarter end, down 79.59% from the prior quarter.
- The fund's total reported value for its AvalonBay position is now approximately $2.99 million, which accounts for 0.17% of its overall portfolio.
- AvalonBay recently traded around $62.55, which is about equal to the closing price on the filing date, but is below its 50-day moving average.
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Coronation Fund Managers cut its position in AvalonBay Communities, Inc. (VMRK) by 191,914 shares in a filing on October 27, 2026. This reduction brings its total holdings to 49,210 shares, valued at approximately $2.99 million.
VMRK
AvalonBay Communities, Inc.
Where AvalonBay Fits in Coronation Fund Managers' Portfolio
The stake in AvalonBay now represents 0.17% of Coronation's total reported value of about $1.75 billion. This position ranks 30th out of 49 holdings in the fund, indicating a significant change relative to its overall portfolio.
Other Institutional Activity in AvalonBay
On the same day, the State of Michigan Retirement System increased its stake in AvalonBay by 101,126 shares, bringing its total to 200,251 shares valued at about $12.17 million. Additionally, Asset Management One boosted its holdings by 735,423 shares, resulting in a total of 1,414,702 shares worth approximately $85.96 million.
AvalonBay Communities, Inc. Stock Down 0.4%
AvalonBay shares recently traded around $62.55, which is about equal to the closing price on the filing date. The stock is currently below its 50-day moving average by about 0.9% and sits roughly 12.5% below its 52-week high of $71.50.
Recent Earnings
AvalonBay reported trailing twelve-month revenue of approximately $3.09 billion, with an earnings per share (EPS) of $2.61. The next earnings report is scheduled for November 4, 2026.
Dividend
AvalonBay pays an annual dividend rate of $2.81, which translates to a yield of about 4.49%. The dividend payout ratio is 97.0%, indicating a high commitment to returning value to shareholders.
Insider Buying and Selling at AvalonBay Communities, Inc.
Several insiders have sold shares recently. Charles E. Mueller Jr., a Director, sold 8,000 shares at an average price of $63.90 on August 18, 2026. Officer Sean Thomas Willson sold 250 shares at $64.32 on August 19, and another 300 shares at $66.31 on August 21. Director Chris Carr sold 1,130 shares at $65.28 on September 9.
Analysts Set New Price Targets
On October 12, 2026, Piper Sandler maintained a Neutral rating on AvalonBay with a price target of $67.00. RBC Capital also maintained a Sector Perform rating with a target of $67.00 on October 13, 2026. The consensus recommendation remains a Buy with a mean price target of $71.62.
About AvalonBay Communities
AvalonBay Communities focuses on building, buying, and managing high-quality apartment communities in major U.S. metro areas. The company owns or invests in over 184,000 rental apartments across premier U.S. markets and has more than 11,100 apartments under construction.
Bottom Line
Investors should watch for AvalonBay's upcoming earnings report on November 4, 2026, and any further filings from Coronation Fund Managers regarding their stake in the company. The recent cut in shares signals a shift in Coronation's investment strategy, which will be worth monitoring in future filings.
Related Filing Alerts
Source: Coronation Fund Managers's 13F filing on $VMRK (Oct 27, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts