Apartment Income REIT Corp. Expected to Earn Q1 2025 Earnings of $0.61 Per Share (NYSE:AIRC)

Apartment Income REIT Corp. (NYSE:AIRC - Free Report) - Analysts at Wedbush issued their Q1 2025 earnings per share (EPS) estimates for Apartment Income REIT in a research note issued on Wednesday, April 10th. Wedbush analyst R. Anderson forecasts that the company will post earnings of $0.61 per share for the quarter. Wedbush currently has a "Neutral" rating and a $39.00 price target on the stock. The consensus estimate for Apartment Income REIT's current full-year earnings is $2.38 per share. Wedbush also issued estimates for Apartment Income REIT's Q2 2025 earnings at $0.63 EPS, Q3 2025 earnings at $0.63 EPS and Q4 2025 earnings at $0.64 EPS.

Several other research analysts have also weighed in on AIRC. BMO Capital Markets reiterated a "market perform" rating and set a $39.12 target price (up from $36.00) on shares of Apartment Income REIT in a report on Tuesday. Raymond James lowered Apartment Income REIT from an "outperform" rating to a "market perform" rating in a report on Monday, March 18th. The Goldman Sachs Group reiterated a "neutral" rating and set a $34.00 target price on shares of Apartment Income REIT in a report on Thursday, February 22nd. Truist Financial cut their price target on Apartment Income REIT from $40.00 to $37.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, Wolfe Research restated a "peer perform" rating on shares of Apartment Income REIT in a report on Thursday. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $36.59.

Apartment Income REIT Trading Down 0.2 %

Shares of Apartment Income REIT stock traded down $0.06 during trading on Friday, reaching $38.36. 8,558,886 shares of the company were exchanged, compared to its average volume of 2,042,805. The business has a 50-day moving average price of $32.21 and a 200-day moving average price of $32.12. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $5.56 billion, a price-to-earnings ratio of 9.07 and a beta of 0.90. Apartment Income REIT has a twelve month low of $28.22 and a twelve month high of $38.68.

Apartment Income REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Friday, February 16th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, February 15th. This represents a $1.80 annualized dividend and a yield of 4.69%. Apartment Income REIT's payout ratio is presently 42.55%.

Insider Buying and Selling

In related news, Director Thomas N. Bohjalian bought 889 shares of the company's stock in a transaction that occurred on Wednesday, February 14th. The shares were acquired at an average price of $31.50 per share, for a total transaction of $28,003.50. Following the completion of the acquisition, the director now owns 20,000 shares of the company's stock, valued at approximately $630,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Apartment Income REIT

A number of institutional investors have recently bought and sold shares of AIRC. Alliancebernstein L.P. increased its position in Apartment Income REIT by 1,327.1% during the second quarter. Alliancebernstein L.P. now owns 3,969,503 shares of the company's stock worth $143,259,000 after buying an additional 3,691,350 shares during the last quarter. Norges Bank acquired a new position in shares of Apartment Income REIT in the fourth quarter valued at approximately $59,835,000. JPMorgan Chase & Co. grew its position in shares of Apartment Income REIT by 12.2% in the third quarter. JPMorgan Chase & Co. now owns 13,572,680 shares of the company's stock valued at $416,681,000 after purchasing an additional 1,470,804 shares during the last quarter. State Street Corp grew its position in shares of Apartment Income REIT by 13.8% in the first quarter. State Street Corp now owns 8,563,449 shares of the company's stock valued at $457,802,000 after purchasing an additional 1,041,150 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC grew its position in shares of Apartment Income REIT by 195.6% in the third quarter. Lasalle Investment Management Securities LLC now owns 1,555,044 shares of the company's stock valued at $47,740,000 after purchasing an additional 1,029,054 shares during the last quarter. Institutional investors and hedge funds own 98.13% of the company's stock.

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.