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AvalonBay Communities, Inc. (NYSE:AVB) 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 regions of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas and Denver, Colorado.

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It is set to report its Q4 2024 earnings on Jan. 29, 2025. Wall Street analysts expect the company to post an EPS of $2.83, up from $2.74 in the year-ago period. According to Benzinga Pro, quarterly revenue is expected to reach $740.20 million, up from $704.71 million in the previous year.

If You Bought AvalonBay Communities Stock 10 Years Ago

The company's stock traded at approximately $157.65 per share 10 years ago. If you had invested $10,000, you could have bought roughly 63 shares. Currently, shares trade at $231.94, meaning your investment's value could have grown to $14,712 from stock price appreciation alone. However, AvalonBay Communities also paid dividends during these 10 years. 

AvalonBay Communities' dividend yield is currently 2.93%. Over the last 10 years, it has paid about $60.03 in dividends per share, which means you could have made $3,808 from dividends alone. 

See Also: This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, with minimum investments as low as $100 for properties like the Byer House from Stranger Things.

Summing up $14,712 and $3,808, we end up with the final value of your investment, which is $18,520. This is how much you could have made if you had invested $10,000 in AvalonBay Communities stock 10 years ago. This means a total return of 85.2%. However, this figure is significantly less than the S&P 500 total return for the same period, which was 227.90%.

What Could The Next 10 Years Bring? 

AvalonBay Communities has a consensus rating of "Neutral" and a price target of $213.04 based on the ratings of 28 analysts. The price target implies a potential downside of around 8% from the current stock price.

On Nov. 4, the company announced its Q3 2024 earnings, posting a core FFO of $2.74 per share, beating the consensus estimate of $2.73, as reported by Benzinga.

Trending: Arrived Home's Private Credit Fund’s has historically paid an annualized dividend yield of 8.1%*, which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. 

For its fourth quarter and full year 2024 financial outlook, the company expects an FFO per share of $2.67-$2.77 and $11.03-$11.13, respectively. 

Check out this article by Benzinga, which highlights 11 analysts' insights from AvalonBay Communities.

Given the expected downside potential, growth-focused investors may not find AvalonBay Communities stock attractive. Conversely, the stock can be a good option for income-focused investors, who can benefit from the company's solid dividend yield of 2.93%.

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Arrived Achieved A Total Return of 34.7% On Their Biggest Sale Yet — Diversify Your Monthly Income Stream With Fractional Real Estate

Arrived allows individuals to invest in shares of rental properties for as little as $100, providing the potential for monthly rental income and long-term appreciation without the hassles of being a landlord. With over $1 million in dividends paid out last quarter and a growing selection of properties across various markets, Arrived offers an attractive alternative for investors seeking to build a diversified real estate portfolio. 

In October 2024, Arrived sold The Centennial, achieving a total return of 34.7% (11.2% average annual returns) for investors. Arrived aims to continue delivering similar value across our portfolio through careful market selection, attentive property management, and thoughtful timing in sales.

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This article If You Invested $10,000 In AvalonBay Communities Stock 10 Years Ago, How Much Would You Have Now? originally appeared on Benzinga.com