Should AvalonBay Communities Stock be Retained in Your Portfolio Now?

AvalonBay Communities (AVB) is well-poised to gain from the healthy renter demand driven by favorable demographic trends and rising home ownership costs. The company’s efforts to leverage technology and scale to drive operational efficiency seem encouraging.Strategic buyouts and development projects, backed by a healthy balance sheet position, augur well for long-term growth. However, the elevated supply of rental units in certain markets and high interest expenses add to its woes.Over the past six months, ...