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 ( TheStreet) -- The ex-dividend date for AvalonBay Communities (NYSE: AVB) is tomorrow, September 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 97 cents per share. At a price of $138.55 as of 9:30 a.m. ET, the dividend yield is 2.8%. The average volume for AvalonBay has been 574,700 shares per day over the past 30 days. AvalonBay has a market cap of $13.45 billion and is part of the financial sector and real estate industry. Shares are up 5.5% year to date as of the close of trading on Monday. 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 60.1, above the average real estate industry P/E ratio of 22.2 and above the S&P 500 P/E ratio of 17.7.
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