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AvalonBay: What’s Driving the Dividend and Valuations?

Amanda Lawrence
AvalonBay: What’s Driving the Dividend and Valuations?

In this part, we’ll look at AvalonBay Communities (AVB). The stock has beaten the S&P 500 (SPY), the Dow Jones Industrial Average (DIA), and the Nasdaq Composite (ONEQ) with its dividend yield. However, it has been beaten by the broad-based indexes in terms of YTD (year-to-date) returns. Its PE ratio is close to Extra Space Storage’s (EXR) ratio.