SG Americas Securities LLC Reduces Stake in Apartment Income REIT Corp. (NYSE:AIRC)

SG Americas Securities LLC lowered its position in shares of Apartment Income REIT Corp. (NYSE:AIRC - Free Report) by 85.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,658 shares of the company's stock after selling 51,840 shares during the quarter. SG Americas Securities LLC's holdings in Apartment Income REIT were worth $301,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AIRC. EverSource Wealth Advisors LLC grew its stake in Apartment Income REIT by 66.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 882 shares of the company's stock valued at $27,000 after acquiring an additional 353 shares in the last quarter. Belpointe Asset Management LLC boosted its holdings in shares of Apartment Income REIT by 356.7% during the 1st quarter. Belpointe Asset Management LLC now owns 813 shares of the company's stock worth $29,000 after purchasing an additional 635 shares during the last quarter. First Manhattan Co. purchased a new stake in shares of Apartment Income REIT in the first quarter valued at approximately $121,000. Quantbot Technologies LP grew its position in shares of Apartment Income REIT by 148.0% in the first quarter. Quantbot Technologies LP now owns 2,750 shares of the company's stock valued at $147,000 after purchasing an additional 1,641 shares in the last quarter. Finally, Harbour Investments Inc. increased its holdings in shares of Apartment Income REIT by 14.0% in the first quarter. Harbour Investments Inc. now owns 4,638 shares of the company's stock valued at $166,000 after purchasing an additional 570 shares during the last quarter. Hedge funds and other institutional investors own 98.13% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on AIRC shares. Mizuho lowered Apartment Income REIT from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $37.00 to $31.00 in a research note on Wednesday, February 28th. Truist Financial dropped their price objective on shares of Apartment Income REIT from $40.00 to $37.00 and set a "buy" rating for the company in a report on Tuesday. TheStreet upgraded shares of Apartment Income REIT from a "d+" rating to a "c" rating in a report on Tuesday, December 12th. The Goldman Sachs Group reissued a "neutral" rating and issued a $34.00 price target on shares of Apartment Income REIT in a research note on Thursday, February 22nd. Finally, Janney Montgomery Scott reaffirmed a "neutral" rating on shares of Apartment Income REIT in a research report on Monday. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Apartment Income REIT presently has a consensus rating of "Hold" and an average target price of $36.30.

Insider Transactions at Apartment Income REIT

In other news, Director Thomas N. Bohjalian bought 889 shares of the firm's stock in a transaction that occurred on Wednesday, February 14th. The shares were purchased at an average price of $31.50 per share, with a total value of $28,003.50. Following the purchase, the director now owns 20,000 shares in the company, valued at $630,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.00% of the company's stock.

Apartment Income REIT Trading Down 0.2 %

Shares of AIRC stock traded down $0.06 during trading hours on Wednesday, hitting $38.38. The company had a trading volume of 10,050,912 shares, compared to its average volume of 1,862,875. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $5.56 billion, a PE ratio of 9.08 and a beta of 0.90. The company's fifty day moving average is $31.87 and its 200 day moving average is $31.98. Apartment Income REIT Corp. has a fifty-two week low of $28.22 and a fifty-two week high of $38.68.

Apartment Income REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Friday, February 16th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend was Thursday, February 15th. Apartment Income REIT's dividend payout ratio (DPR) is 42.55%.

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.