Apartment Income REIT Corp. (NYSE:AIRC) Receives Average Recommendation of “Hold” from Analysts

Apartment Income REIT Corp. (NYSE:AIRC) has received an average rating of “Hold” from the nine brokerages that are presently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $36.59.

AIRC has been the subject of a number of research reports. Wolfe Research reaffirmed a “peer perform” rating on shares of Apartment Income REIT in a report on Thursday, April 11th. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Apartment Income REIT in a report on Monday, April 8th. Raymond James lowered shares of Apartment Income REIT from an “outperform” rating to a “market perform” rating in a research note on Monday, March 18th. BMO Capital Markets restated a “market perform” rating and set a $39.12 target price (up from $36.00) on shares of Apartment Income REIT in a research report on Tuesday, April 9th. Finally, Wedbush reaffirmed a “neutral” rating and set a $39.00 price target (up from $35.00) on shares of Apartment Income REIT in a research report on Thursday, April 11th.

Institutional Trading of Apartment Income REIT

Institutional investors have recently modified their holdings of the business. Quent Capital LLC boosted its stake in shares of Apartment Income REIT by 437.5% during the 4th quarter. Quent Capital LLC now owns 860 shares of the company’s stock worth $30,000 after acquiring an additional 700 shares in the last quarter. Signaturefd LLC acquired a new position in shares of Apartment Income REIT in the 4th quarter valued at about $37,000. CWM LLC increased its holdings in Apartment Income REIT by 64.2% in the 4th quarter. CWM LLC now owns 1,281 shares of the company’s stock valued at $44,000 after purchasing an additional 501 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Apartment Income REIT in the fourth quarter worth about $48,000. Finally, Denali Advisors LLC increased its stake in Apartment Income REIT by 926.2% during the 4th quarter. Denali Advisors LLC now owns 2,268 shares of the company’s stock worth $79,000 after buying an additional 2,047 shares during the period. 98.13% of the stock is currently owned by hedge funds and other institutional investors.

Apartment Income REIT Stock Performance

AIRC stock opened at $39.08 on Thursday. Apartment Income REIT has a one year low of $28.22 and a one year high of $39.10. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of 9.17 and a beta of 0.77. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a 50-day simple moving average of $38.75 and a two-hundred day simple moving average of $35.33.

Apartment Income REIT Company 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.