Apartment Income REIT Corp. (NYSE:AIRC) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its stake in Apartment Income REIT Corp. (NYSE:AIRC - Free Report) by 10.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 294,084 shares of the company's stock after selling 33,900 shares during the period. Swiss National Bank owned 0.20% of Apartment Income REIT worth $10,214,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AIRC. Bank of New York Mellon Corp lifted its holdings in Apartment Income REIT by 5.4% during the third quarter. Bank of New York Mellon Corp now owns 1,831,113 shares of the company's stock valued at $56,215,000 after purchasing an additional 93,029 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Apartment Income REIT by 4.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,260 shares of the company's stock worth $2,157,000 after buying an additional 3,201 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Apartment Income REIT by 87.6% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,323,687 shares of the company's stock worth $40,637,000 after buying an additional 618,134 shares in the last quarter. Perigon Wealth Management LLC bought a new stake in Apartment Income REIT during the third quarter valued at about $257,000. Finally, Teacher Retirement System of Texas lifted its position in shares of Apartment Income REIT by 9.5% in the third quarter. Teacher Retirement System of Texas now owns 109,492 shares of the company's stock valued at $3,361,000 after acquiring an additional 9,482 shares in the last quarter. 98.13% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Analyst Ratings Changes

Several brokerages recently issued reports on AIRC. Wolfe Research reissued a "peer perform" rating on shares of Apartment Income REIT in a research note on Thursday, April 11th. Wedbush reissued a "neutral" rating and set a $39.00 price objective (up previously from $35.00) on shares of Apartment Income REIT in a report on Thursday, April 11th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $39.12 target price (up from $36.00) on shares of Apartment Income REIT in a report on Tuesday, April 9th. The Goldman Sachs Group reissued a "neutral" rating and set a $34.00 price target on shares of Apartment Income REIT in a research note on Thursday, February 22nd. Finally, Raymond James downgraded Apartment Income REIT from an "outperform" rating to a "market perform" rating in a research note on Monday, March 18th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $36.59.

Apartment Income REIT Trading Up 0.2 %

Shares of NYSE:AIRC traded up $0.08 during trading on Monday, hitting $38.68. The company had a trading volume of 2,479,954 shares, compared to its average volume of 2,463,178. The stock has a market cap of $5.61 billion, a price-to-earnings ratio of 9.14 and a beta of 0.78. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.63 and a quick ratio of 0.63. The company has a fifty day simple moving average of $35.03 and a two-hundred day simple moving average of $33.21. Apartment Income REIT Corp. has a one year low of $28.22 and a one year high of $38.70.

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.