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NEW YORK (

TheStreet

) -- The ex-dividend date for

AvalonBay Communities

(NYSE:

AVB

) is tomorrow, December 27, 2013. Owners of shares as of market close today will be eligible for a dividend of $1.07 per share. At a price of $118.97 as of 9:50 a.m. ET, the dividend yield is 3.6%.

The average volume for AvalonBay has been 730,700 shares per day over the past 30 days. AvalonBay has a market cap of $15.31 billion and is part of the financial sector and real estate industry. Shares are down 12.8% year to date as of the close of trading on Tuesday.

AvalonBay Communities, Inc. engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities in the United States.

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TheStreet Ratings rates

AvalonBay

TheStreet Recommends

as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full

AvalonBay Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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