Apartment Income REIT (AIRC) Stock Price, News & Analysis

$38.61
-0.08 (-0.21%)
(As of 02:21 PM ET)
Today's Range
$38.61
$38.71
50-Day Range
$31.00
$38.68
52-Week Range
$28.22
$38.71
Volume
2.57 million shs
Average Volume
2.48 million shs
Market Capitalization
$5.60 billion
P/E Ratio
9.06
Dividend Yield
4.66%
Price Target
$36.59

Apartment Income REIT MarketRank™ Stock Analysis

Analyst Rating
Hold
2.11 Rating Score
Upside/​Downside
5.2% Downside
$36.59 Price Target
Short Interest
Healthy
3.95% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.79mentions of Apartment Income REIT in the last 14 days
Based on 13 Articles This Week
Insider Trading
Acquiring Shares
$23,250 Bought Last Quarter
Proj. Earnings Growth
3.78%
From $2.38 to $2.47 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.43 out of 5 stars

Finance Sector

449th out of 881 stocks

Real Estate Investment Trusts Industry

84th out of 182 stocks

AIRC stock logo

About Apartment Income REIT Stock (NYSE:AIRC)

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. The AIR Edge is a durable operating advantage in driving organic growth, as well as making possible the opportunity for excess returns for properties new to AIR's platform.

AIRC Stock Price History

AIRC Stock News Headlines

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Company Calendar

Last Earnings
7/28/2022
Ex-Dividend for 2/27 Dividend
2/15/2024
Dividend Payable
2/27/2024
Today
5/15/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
N/A
Fax
N/A
Employees
760
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$36.59
High Stock Price Target
$39.12
Low Stock Price Target
$31.00
Potential Upside/Downside
-5.4%
Consensus Rating
Hold
Rating Score (0-4)
2.11
Research Coverage
9 Analysts

Profitability

Net Income
$635.10 million
Pretax Margin
86.78%

Debt

Sales & Book Value

Annual Sales
$820.04 million
Cash Flow
$6.66 per share
Book Value
$17.34 per share

Miscellaneous

Free Float
143,653,000
Market Cap
$5.61 billion
Optionable
Optionable
Beta
0.78
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AIRC Stock Analysis - Frequently Asked Questions

Should I buy or sell Apartment Income REIT stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Apartment Income REIT in the last twelve months. There are currently 8 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" AIRC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AIRC, but not buy additional shares or sell existing shares.
View AIRC analyst ratings
or view top-rated stocks.

What is Apartment Income REIT's stock price target for 2024?

9 brokerages have issued 12-month price objectives for Apartment Income REIT's stock. Their AIRC share price targets range from $31.00 to $39.12. On average, they anticipate the company's stock price to reach $36.59 in the next twelve months. This suggests that the stock has a possible downside of 5.2%.
View analysts price targets for AIRC
or view top-rated stocks among Wall Street analysts.

How have AIRC shares performed in 2024?

Apartment Income REIT's stock was trading at $34.73 on January 1st, 2024. Since then, AIRC stock has increased by 11.2% and is now trading at $38.61.
View the best growth stocks for 2024 here
.

Are investors shorting Apartment Income REIT?

Apartment Income REIT saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 5,710,000 shares, an increase of 51.5% from the April 15th total of 3,770,000 shares. Based on an average daily volume of 2,950,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 4.0% of the company's shares are sold short.
View Apartment Income REIT's Short Interest
.

When is Apartment Income REIT's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our AIRC earnings forecast
.

How were Apartment Income REIT's earnings last quarter?

Apartment Income REIT Corp. (NYSE:AIRC) announced its quarterly earnings data on Thursday, July, 28th. The company reported $1.26 EPS for the quarter, topping the consensus estimate of $0.22 by $1.04. Apartment Income REIT had a trailing twelve-month return on equity of 25.86% and a net margin of 79.54%. During the same quarter in the prior year, the company earned $0.52 earnings per share.

How often does Apartment Income REIT pay dividends? What is the dividend yield for Apartment Income REIT?

Apartment Income REIT announced a quarterly dividend on Wednesday, January 31st. Stockholders of record on Friday, February 16th will be paid a dividend of $0.45 per share on Tuesday, February 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date of this dividend is Thursday, February 15th.
Read our dividend analysis for AIRC
.

Is Apartment Income REIT a good dividend stock?

Apartment Income REIT (NYSE:AIRC) pays an annual dividend of $1.80 per share and currently has a dividend yield of 4.65%. AIRC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 42.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIRC will have a dividend payout ratio of 72.87% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AIRC.

Who are Apartment Income REIT's major shareholders?

Apartment Income REIT's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (14.12%), Principal Financial Group Inc. (5.06%), Daiwa Securities Group Inc. (1.88%), Long Pond Capital LP (1.40%), Sumitomo Mitsui Trust Holdings Inc. (1.10%) and Sei Investments Co. (0.47%). Insiders that own company stock include Ann Sperling, Devin Ignatius Murphy, John D Rayis, Joshua Minix, Kathleen M Nelson, Keith M Kimmel, Lip Bu Tan, Lisa R Cohn, Matthew O'grady, Paul Beldin, Terry Considine and Thomas N Bohjalian.
View institutional ownership trends
.

How do I buy shares of Apartment Income REIT?

Shares of AIRC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:AIRC) was last updated on 5/15/2024 by MarketBeat.com Staff

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