NYSE:AIRC Apartment Income REIT (AIRC) Stock Forecast, Price & News $30.70 +0.06 (+0.20%) (As of 09/29/2023 ET) Add Compare Share Share Today's Range$30.56▼$31.3050-Day Range$30.35▼$36.2452-Week Range$30.18▼$40.28Volume723,890 shsAverage Volume716,763 shsMarket Capitalization$4.58 billionP/E Ratio14.69Dividend Yield5.86%Price Target$40.13 ProfileProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Apartment Income REIT MarketRank™ ForecastAnalyst RatingModerate Buy2.75 Rating ScoreUpside/Downside30.7% Upside$40.13 Price TargetShort InterestHealthy1.69% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment-0.06Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth7.50%From $2.40 to $2.58 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.66 out of 5 starsFinance Sector291st out of 852 stocksReal Estate Investment Trusts Industry55th out of 179 stocks 3.4 Analyst's Opinion Consensus RatingApartment Income REIT has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $40.13, Apartment Income REIT has a forecasted upside of 30.7% from its current price of $30.70.Amount of Analyst CoverageApartment Income REIT has only been the subject of 4 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.69% of the float of Apartment Income REIT has been sold short.Short Interest Ratio / Days to CoverApartment Income REIT has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Apartment Income REIT has recently increased by 4.58%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend LeadershipApartment Income REIT is a leading dividend payer. It pays a dividend yield of 5.93%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthApartment Income REIT does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Apartment Income REIT is 86.12%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Apartment Income REIT will have a dividend payout ratio of 69.77% next year. This indicates that Apartment Income REIT will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for AIRC. Previous Next 1.6 News and Social Media Coverage News SentimentApartment Income REIT has a news sentiment score of -0.06. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.70 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Apartment Income REIT this week, compared to 3 articles on an average week.MarketBeat Follows4 people have added Apartment Income REIT to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Apartment Income REIT insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.00% of the stock of Apartment Income REIT is held by insiders.Percentage Held by Institutions98.13% of the stock of Apartment Income REIT is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Apartment Income REIT are expected to grow by 7.50% in the coming year, from $2.40 to $2.58 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Apartment Income REIT is 14.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.59.Price to Earnings Ratio vs. SectorThe P/E ratio of Apartment Income REIT is 14.69, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 70.68.Price to Book Value per Share RatioApartment Income REIT has a P/B Ratio of 1.99. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Apartment Income REIT (NYSE:AIRC) StockApartment Income REIT Corp (NYSE: AIRC) is a publicly traded, self-administered real estate investment trust (REIT). AIR's portfolio comprises 73 communities totaling 25,739 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.Read More AIRC Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart AIRC Stock News HeadlinesSeptember 28, 2023 | americanbankingnews.comApartment Income REIT (NYSE:AIRC) Reaches New 12-Month Low on Analyst DowngradeSeptember 27, 2023 | americanbankingnews.comApartment Income REIT (NYSE:AIRC) PT Lowered to $33.00 at MizuhoOctober 1, 2023 | Chaikin Analytics (Ad)His system isolated NVIDIA - Here's His Next Buy.Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.September 26, 2023 | markets.businessinsider.com4 Analysts Have This to Say About Apartment Income REITSeptember 25, 2023 | finance.yahoo.comApartment Income REIT Corp.: Apartment Income REIT Should Produce Low but Steady Same-Store GrowthSeptember 20, 2023 | finance.yahoo.comAIR Communities Helps Raise $529,000 For Military and Educational Causes in 20th Annual Golf ClassicSeptember 1, 2023 | msn.comApartment Income REIT: A Good Pick In An Attractive SectorAugust 30, 2023 | finance.yahoo.comAIR Communities Announces CIO TransitionOctober 1, 2023 | Chaikin Analytics (Ad)His system isolated NVIDIA - Here's His Next Buy.Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.August 24, 2023 | msn.comApartment Income REIT: Cause For PauseAugust 23, 2023 | bizjournals.comRichmond Highway apartment tower owner may ditch tennis courts for pickleballAugust 21, 2023 | nasdaq.comJP Morgan Maintains Apartment Income REIT Corp - (AIRC) Neutral RecommendationJuly 28, 2023 | seekingalpha.comApartment Income REIT Corp. 2023 Q2 - Results - Earnings Call PresentationJuly 28, 2023 | finanznachrichten.deApartment Income REIT Communities Reports Second Quarter 2023 ResultsJuly 28, 2023 | finance.yahoo.comApartment Income REIT Corp. (AIRC) Lags Q2 FFO EstimatesJuly 28, 2023 | msn.comApartment Income REIT Corp. (AIRC) Reports Q2 Earnings: What Key Metrics Have to SayJuly 28, 2023 | markets.businessinsider.comBMO Capital Sticks to Their Buy Rating for Apartment Income REIT (AIRC)July 27, 2023 | finance.yahoo.comAIR Communities Reports Second Quarter 2023 ResultsJuly 19, 2023 | markets.businessinsider.comThe Latest Analyst Ratings for Apartment Income REITJuly 18, 2023 | msn.comCamden Property, AIRC upgraded, IRT downgraded at BMOJuly 7, 2023 | msn.comTruist Securities Maintains Apartment Income REIT Corp - (AIRC) Hold RecommendationJune 30, 2023 | finance.yahoo.comAIR Communities Announces Dates for Its Second Quarter Earnings Release and Conference CallJune 12, 2023 | msn.comApartment Income REIT: Coastal And Sunbelt Exposure With Industry Leading Forward Growth, Gross MarginsJune 7, 2023 | finance.yahoo.comAIR Communities Presents 2023 Housing Impact AwardJune 6, 2023 | msn.comAIR Communities Discloses Two Joint Ventures With Combined Value Of $1.2BMay 31, 2023 | msn.comAimco: Riding The Brightline To Higher RentsMay 22, 2023 | finance.yahoo.comAIR Communities Announces Date of 2023 Annual Meeting and Continues its Commitment to Corporate Governance ExcellenceSee More Headlines Receive AIRC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Apartment Income REIT and its competitors with MarketBeat's FREE daily newsletter. Email Address AIRC Company Calendar Last Earnings7/28/2022Ex-Dividend for 8/29 Dividend8/17/2023Dividend Payable8/29/2023Today9/30/2023Next Earnings (Estimated)11/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryN/A SectorFinance Current SymbolNYSE:AIRC CUSIPN/A CIK1820877 Webwww.aircommunities.com Phone303-757-8101FaxN/AEmployees750Year FoundedN/APrice Target and Rating Average Stock Price Forecast$40.13 High Stock Price Forecast$44.00 Low Stock Price Forecast$33.00 Forecasted Upside/Downside+30.7%Consensus RatingModerate Buy Rating Score (0-4)2.75 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$2.09 Trailing P/E Ratio14.69 Forward P/E Ratio12.79 P/E GrowthN/ANet Income$904.43 million Net Margins38.14% Pretax Margin42.14% Return on Equity14.31% Return on Assets4.85% Debt Debt-to-Equity Ratio1.52 Current Ratio0.15 Quick Ratio0.15 Sales & Book Value Annual Sales$835.30 million Price / Sales5.48 Cash Flow$8.39 per share Price / Cash Flow3.66 Book Value$15.46 per share Price / Book1.99Miscellaneous Outstanding Shares149,224,000Free Float147,732,000Market Cap$4.58 billion OptionableNot Optionable Beta0.86 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.Get This Free Report Key ExecutivesMr. Terry Considine J.D. (Age 75)Founder, CEO & Director Ms. Lisa R. Cohn (Age 54)Pres, Gen. Counsel & Sec. Comp: $1.17MMr. Paul L. Beldin CPA (Age 49)CPA, Exec. VP & CFO Comp: $768.63kMr. John McGrath (Age 51)Exec. VP of Strategy, Capital Allocation & Co-Chief Investment Officer Comp: $2.54MMr. Keith M. Kimmel (Age 51)Pres of Property Operations Comp: $1.12MMr. Joshua Minix (Age 41)Exec. VP & Co-Chief Investment Officer Ms. Molly H.N. Syke (Age 36)VP & Chief Accounting Officer Ms. Mary C. JensenHead of Investor RelationsMs. Patti ShwayderSr. VP & Chief Corp. Responsibility OfficerMr. Stephen D. CraneSr. VP of Property TaxMore ExecutivesKey CompetitorsRithm CapitalNYSE:RITMKite Realty Group TrustNYSE:KRGRyman Hospitality PropertiesNYSE:RHPVornado Realty TrustNYSE:VNOPhillips Edison & Company, Inc.NASDAQ:PECOView All CompetitorsInsiders & InstitutionsComerica BankBought 161,157 shares on 8/22/2023Ownership: 0.108%Virginia Retirement Systems ET ALBought 57,045 shares on 8/22/2023Ownership: 0.038%California State Teachers Retirement SystemSold 16,809 shares on 8/21/2023Ownership: 0.121%Teachers Retirement System of The State of KentuckyBought 2,541 shares on 8/21/2023Ownership: 0.018%Osaic Holdings Inc.Sold 2,787 shares on 8/21/2023Ownership: 0.004%View All Insider TransactionsView All Institutional Transactions AIRC Stock - Frequently Asked Questions Should I buy or sell Apartment Income REIT stock right now? 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Apartment Income REIT in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" AIRC shares. View AIRC analyst ratings or view top-rated stocks. What is Apartment Income REIT's stock price forecast for 2023? 8 equities research analysts have issued 12-month price targets for Apartment Income REIT's stock. Their AIRC share price forecasts range from $33.00 to $44.00. On average, they anticipate the company's share price to reach $40.13 in the next year. This suggests a possible upside of 30.7% from the stock's current price. View analysts price targets for AIRC or view top-rated stocks among Wall Street analysts. How have AIRC shares performed in 2023? Apartment Income REIT's stock was trading at $34.31 at the start of the year. Since then, AIRC stock has decreased by 10.5% and is now trading at $30.70. View the best growth stocks for 2023 here. Are investors shorting Apartment Income REIT? Apartment Income REIT saw a increase in short interest in August. As of August 15th, there was short interest totaling 2,120,000 shares, an increase of 6.0% from the July 31st total of 2,000,000 shares. Based on an average daily volume of 1,020,000 shares, the short-interest ratio is currently 2.1 days. Approximately 1.4% of the shares of the stock are short sold. 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, November 2nd 2023. View our AIRC earnings forecast. How were Apartment Income REIT's earnings last quarter? Apartment Income REIT Corp. (NYSE:AIRC) issued its quarterly earnings results on Thursday, July, 28th. The company reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $1.04. Apartment Income REIT had a net margin of 38.14% and a trailing twelve-month return on equity of 14.31%. During the same period in the prior year, the business posted $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 Tuesday, July 25th. Shareholders of record on Friday, August 18th will be given a dividend of $0.45 per share on Tuesday, August 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.86%. The ex-dividend date of this dividend is Thursday, August 17th. Read our dividend analysis for AIRC. What ETFs hold Apartment Income REIT's stock? ETFs with the largest weight of Apartment Income REIT (NYSE:AIRC) stock in their portfolio include Invesco S&P Spin-Off ETF (CSD), Kelly Residential & Apartment Real Estate ETF (RESI), Residential REIT ETF (HAUS), Nuveen Short-Term REIT ETF (NURE), ALPS REIT Dividend Dogs ETF (RDOG), JPMorgan Realty Income ETF (JPRE), Invesco KBW Premium Yield Equity REIT ETF (KBWY) and Fidelity Real Estate Investment ETF (FPRO). 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 5.93%. AIRC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 86.12%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, AIRC will have a dividend payout ratio of 69.77% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for AIRC. What guidance has Apartment Income REIT issued on next quarter's earnings? Apartment Income REIT issued an update on its FY 2023 earnings guidance on Thursday, July, 27th. The company provided earnings per share (EPS) guidance of $2.38-$2.44 for the period, compared to the consensus estimate of $2.39. The company issued revenue guidance of -. What is Apartment Income REIT's stock symbol? Apartment Income REIT trades on the New York Stock Exchange (NYSE) under the ticker symbol "AIRC." 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Apartment Income REIT's stock price today? One share of AIRC stock can currently be purchased for approximately $30.70. How much money does Apartment Income REIT make? Apartment Income REIT (NYSE:AIRC) has a market capitalization of $4.58 billion and generates $835.30 million in revenue each year. The company earns $904.43 million in net income (profit) each year or $2.09 on an earnings per share basis. How many employees does Apartment Income REIT have? The company employs 750 workers across the globe. How can I contact Apartment Income REIT? The official website for the company is www.aircommunities.com. The company can be reached via phone at 303-757-8101 or via email at investors@aircommunities.com. This page (NYSE:AIRC) was last updated on 10/1/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Apartment Income REIT Corp. Please log in to your account or sign up in order to add this asset to your watchlist. 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