Quadrature Capital Ltd Buys 8,174 Shares of Apartment Income REIT Corp. (NYSE:AIRC)

Quadrature Capital Ltd grew its stake in shares of Apartment Income REIT Corp. (NYSE:AIRC) by 58.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,149 shares of the company’s stock after buying an additional 8,174 shares during the period. Quadrature Capital Ltd’s holdings in Apartment Income REIT were worth $769,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quent Capital LLC grew its holdings in shares of Apartment Income REIT by 437.5% during the fourth quarter. Quent Capital LLC now owns 860 shares of the company’s stock worth $30,000 after purchasing an additional 700 shares in the last quarter. Signaturefd LLC purchased a new position in shares of Apartment Income REIT during the fourth quarter worth about $37,000. CWM LLC grew its holdings in shares of Apartment Income REIT by 64.2% during the fourth quarter. CWM LLC now owns 1,281 shares of the company’s stock worth $44,000 after purchasing an additional 501 shares in the last quarter. Principal Securities Inc. purchased a new position in shares of Apartment Income REIT during the fourth quarter worth about $48,000. Finally, Denali Advisors LLC grew its holdings in shares of Apartment Income REIT by 926.2% during the fourth quarter. Denali Advisors LLC now owns 2,268 shares of the company’s stock worth $79,000 after purchasing an additional 2,047 shares in the last quarter. 98.13% of the stock is currently owned by institutional investors.

Apartment Income REIT Stock Performance

Shares of AIRC stock opened at $39.00 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.63 and a current ratio of 0.63. Apartment Income REIT Corp. has a fifty-two week low of $28.22 and a fifty-two week high of $39.03. The stock has a 50 day moving average price of $38.63 and a two-hundred day moving average price of $34.93. The company has a market capitalization of $5.66 billion, a P/E ratio of 9.15 and a beta of 0.77.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Janney Montgomery Scott reissued a “neutral” rating on shares of Apartment Income REIT in a report on Monday, April 8th. Wedbush reaffirmed a “neutral” rating and issued a $39.00 target price (up previously from $35.00) on shares of Apartment Income REIT in a research note on Thursday, April 11th. Truist Financial cut their target price on Apartment Income REIT from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Tuesday, April 9th. Wolfe Research reaffirmed a “peer perform” rating on shares of Apartment Income REIT in a research note on Thursday, April 11th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $39.12 target price (up previously from $36.00) on shares of Apartment Income REIT in a research note on Tuesday, April 9th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Apartment Income REIT presently has a consensus rating of “Hold” and a consensus price target of $36.59.

Apartment Income REIT Profile

Apartment Income REIT Corp (NYSE: AIRC) is a publicly traded, self-administered real estate investment trust (REIT). AIR's portfolio comprises 76 communities totaling 27,010 apartment homes located in 10 states and the District of Columbia. AIR offers a simple, predictable business model with focus on what we call the AIR Edge, the cumulative result of our focus on resident selection, satisfaction, and retention, as well as relentless innovation in delivering best-in-class property management.