Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
NEW YORK (
) -- The ex-dividend date for
) is tomorrow, March 26, 2013. Owners of shares as of market close today will be eligible for a dividend of $1.07 per share. At a price of $127.20 as of 9:31 a.m. ET, the dividend yield is 3.4%.
The average volume for AvalonBay has been one million shares per day over the past 30 days. AvalonBay has a market cap of $14.48 billion and is part of the financial sector and real estate industry. Shares are down 7.5% year to date as of the close of trading on Friday.
AvalonBay Communities, Inc. engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities in the United States. The company has a P/E ratio of 46.9, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates AvalonBay as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, impressive record of earnings per share growth and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full
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