(VIANEWS) – The NYSE opens in less than one hour and AvalonBay Communities‘s pre-market value is already 5% up.
AvalonBay Communities’s last close was $179.27, 30.8% below its 52-week high of $259.05.
The last session, NYSE finished with AvalonBay Communities (AVB) dropping 0.47% to $179.27. NYSE dropped 0.21% to $15,840.16, after four sequential sessions in a row of losses, on what was a somewhat down trend trading session.
About AvalonBay Communities
As of December 31, 2020, the Company owned or held a direct or indirect ownership interest in 291 apartment communities containing 86,025 apartment homes in 11 states and the District of Columbia, of which 18 communities were under development and one community was under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company's expansion markets consisting of Southeast Florida and Denver, Colorado (the "Expansion Markets").
Earnings Per Share
As for profitability, AvalonBay Communities has a trailing twelve months EPS of $5.72.
PE Ratio
AvalonBay Communities has a trailing twelve months price to earnings ratio of 31.34. Meaning, the purchaser of the share is investing $31.34 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 11.18%.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Mar 29, 2023, the estimated forward annual dividend rate is 6.6 and the estimated forward annual dividend yield is 3.66%.
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