|Bid||244.67 x 1200|
|Ask||247.03 x 900|
|Day's range||242.94 - 248.60|
|52-week range||161.10 - 257.52|
|Beta (5Y monthly)||0.95|
|PE ratio (TTM)||33.64|
|Earnings date||02 Feb 2022|
|Forward dividend & yield||6.36 (2.59%)|
|Ex-dividend date||30 Dec 2021|
|1y target est||264.70|
As the pandemic hit in 2020, investors worried that apartment owners would get hit hard by vacancies and missed rent payments. Shares of apartment real estate investment trust (REIT) bellwether AvalonBay Communities (NYSE: AVB) fell more than 45% in the early days of the global health scare. Occupancy levels at AvalonBay and many of its peers started to fall.
Sometimes, sticking with the biggest and best is the way to go. Here are four names that fit the bill in the REIT space.
On the other hand, many passive income opportunities only require money. One of the easiest ways to start generating passive income is investing in real estate. Here's how to use REITs to turn $1,000 into a steadily rising passive income stream.