AvalonBay Communities, Inc. AVB currently carries a Zacks Rank of 3 and has an Earnings ESP of +0.19%. According to its second-quarter operating update, this residential REIT behemoth witnessed improvements in occupancy level as well as like-term effective rents in May. Also, the average asking rent climbed from fourth-quarter 2020, while the average concession per new move-in lease executed in May 2021 declined from the fourth-quarter level. (Read more: AvalonBay Sees Growth in May Occupancy, Asking Rent) AvalonBay is slated to report second-quarter earnings on Jul 28, after market close.