The ex-dividend date for AvalonBay Communities (NYSE:AVB) is tomorrow, June 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 $134.67 as of 9:31 a.m., the dividend yield is 3.3%.
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, June 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 $134.67 as of 9:31 a.m. ET, the dividend yield is 3.3%. The average volume for AvalonBay has been 884,200 shares per day over the past 30 days. AvalonBay has a market cap of $17.04 billion and is part of the financial sector and real estate industry. Shares are down 1.5% 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 64.6, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates AvalonBay as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full AvalonBay Ratings Report. See our dividend calendar or top-yielding stocks list. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..