|Bid||146.11 x 800|
|Ask||146.05 x 800|
|Day's Range||145.66 - 148.25|
|52 Week Range||118.17 - 229.40|
|Beta (5Y Monthly)||0.84|
|PE Ratio (TTM)||26.02|
|Earnings Date||Oct 28, 2020|
|Forward Dividend & Yield||6.36 (4.36%)|
|Ex-Dividend Date||Sep 29, 2020|
|1y Target Est||163.81|
AvalonBay's (AVB) Q3 performance likely to reflect decent rent collections, though average physical occupancy and effective rent change for its established communities might have been affected.
The COVID-19 crisis has certainly caused investors to rethink their positions in office and urban apartment real estate investment trusts, or REITs. Many renters who were cooped up in tiny urban apartments have decided to head to the suburbs, which is raising concerns over tenant demand, especially if employers begin moving en masse to the suburbs. The National Multifamily Housing Council just put out an interesting statistic.
The strategies of these five REITs that invest in purchasing, developing, and managing apartment complexes may make them smart investments.