edichenphoto Shares of AvalonBay Communities (NYSE:AVB) have been an underperformer over the past year, rising 4% as higher rates have weighed on real estate valuations and the rental market has slowed. Back in October, I rated shares a “buy,” given my view it could deliver long-term double-digit returns. In the past six months, it has returned 8%, consistent with this expectation, though the market has rallied an even stronger 16%. Given solid Q1 results, I continue to view shares favorably. Seeking Alpha ...