S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
South Korean doctors hold massive anti-government rally over medical school recruitment plan
What to watch for as China's major political meeting of the year gets underway
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
South Korean doctors hold massive anti-government rally over medical school recruitment plan
What to watch for as China's major political meeting of the year gets underway
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
South Korean doctors hold massive anti-government rally over medical school recruitment plan
What to watch for as China's major political meeting of the year gets underway
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
South Korean doctors hold massive anti-government rally over medical school recruitment plan
What to watch for as China's major political meeting of the year gets underway
NYSE:AIRC

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

$30.82
+0.50 (+1.65%)
(As of 03/1/2024 ET)
Today's Range
$29.81
$30.82
50-Day Range
$30.12
$35.85
52-Week Range
$28.22
$38.71
Volume
1.15 million shs
Average Volume
1.18 million shs
Market Capitalization
$4.47 billion
P/E Ratio
7.29
Dividend Yield
5.84%
Price Target
$37.71

Apartment Income REIT MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
22.4% Upside
$37.71 Price Target
Short Interest
Healthy
1.59% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.48mentions of Apartment Income REIT in the last 14 days
Based on 10 Articles This Week
Insider Trading
Acquiring Shares
$51,254 Bought Last Quarter
Proj. Earnings Growth
8.33%
From $2.40 to $2.60 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.

4.21 out of 5 stars

Finance Sector

262nd out of 865 stocks

Real Estate Investment Trusts Industry

51st out of 180 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

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
7 Small-Cap Value Stocks With Outsized Potential
AIR Communities Reports Fourth Quarter 2023 Results
Apartment Income REIT Corp (AIRC)
BTIG Keeps Their Hold Rating on Apartment Income REIT (AIRC)
See More 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
3/03/2024
Next Earnings (Estimated)
5/06/2024
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
$37.71
High Stock Price Target
$44.00
Low Stock Price Target
$31.00
Potential Upside/Downside
+22.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$635.10 million
Pretax Margin
84.35%

Debt

Sales & Book Value

Annual Sales
$820.04 million
Cash Flow
$6.76 per share
Book Value
$17.58 per share

Miscellaneous

Free Float
143,468,000
Market Cap
$4.47 billion
Optionable
Optionable
Beta
0.89
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AIRC Stock Analysis - Frequently Asked Questions

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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Apartment Income REIT in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

7 brokerages have issued 1-year price objectives for Apartment Income REIT's shares. Their AIRC share price targets range from $31.00 to $44.00. On average, they anticipate the company's stock price to reach $37.71 in the next twelve months. This suggests a possible upside of 22.4% 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 2024?

Apartment Income REIT's stock was trading at $34.73 at the beginning of the year. Since then, AIRC stock has decreased by 11.3% and is now trading at $30.82.
View the best growth stocks for 2024 here
.

Are investors shorting Apartment Income REIT?

Apartment Income REIT saw a drop in short interest in January. As of January 31st, there was short interest totaling 2,380,000 shares, a drop of 22.7% from the January 15th total of 3,080,000 shares. Based on an average daily volume of 1,290,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.6% of the company's stock 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 Monday, May 6th 2024.
View our AIRC earnings forecast
.

How were Apartment Income REIT's earnings last quarter?

Apartment Income REIT Corp. (NYSE:AIRC) announced its earnings results on Thursday, July, 28th. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $1.04. Apartment Income REIT had a net margin of 77.37% and a trailing twelve-month return on equity of 26.29%. During the same quarter in the prior year, the firm posted $0.52 EPS.

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

Apartment Income REIT declared 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 5.84%. The ex-dividend date 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 5.94%. AIRC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 42.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIRC will have a dividend payout ratio of 69.23% 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 updated its FY 2024 earnings guidance on Thursday, February, 8th. The company provided earnings per share (EPS) guidance of 2.330-2.430 for the period, compared to the consensus EPS estimate of 2.530. The company issued revenue guidance of -.

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. (14.45%), Cohen & Steers Inc. (7.00%), Principal Financial Group Inc. (5.30%), Cbre Investment Management Listed Real Assets LLC (1.75%), Daiwa Securities Group Inc. (1.67%) and Duff & Phelps Investment Management Co. (1.66%). 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 3/3/2024 by MarketBeat.com Staff