|Bid||230.69 x 800|
|Ask||230.76 x 1000|
|Day's Range||228.60 - 231.22|
|52 Week Range||131.38 - 234.00|
|Beta (5Y Monthly)||0.94|
|PE Ratio (TTM)||29.91|
|Forward Dividend & Yield||6.36 (2.76%)|
|Ex-Dividend Date||Oct. 01, 2021|
|1y Target Est||N/A|
This year's rally in the stock market has pushed the dividend yield on stocks in the S&P 500 down to a mere 1.3%. AvalonBay Communities (NYSE: AVB) is a real estate investment trust (REIT) focused on owning apartments. Apartments are historically very stable investments.
It's time to focus on big names with strong operating histories and long records of paying reliable dividends -- even if they are a bit pricey.
When it comes to urban apartment REITs, Equity Residential (NYSE: EQR) and AvalonBay Communities (NYSE: AVB) are the two largest players in the space, by far. Both specialize in top-quality apartment complexes in the same core markets like Boston; New York City; Washington, D.C.; San Francisco, and a couple others.