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

$32.43
-0.06 (-0.18%)
(As of 12:21 PM ET)
Compare
Today's Range
$32.07
$32.59
50-Day Range
$28.55
$32.49
52-Week Range
$28.22
$40.28
Volume
274,680 shs
Average Volume
907,318 shs
Market Capitalization
$4.77 billion
P/E Ratio
4.98
Dividend Yield
5.55%
Price Target
$39.25

Apartment Income REIT MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
20.8% Upside
$39.25 Price Target
Short Interest
Healthy
1.25% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.99mentions of Apartment Income REIT in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.50%
From $2.40 to $2.58 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.91 out of 5 stars

Finance Sector

70th out of 810 stocks

Real Estate Investment Trusts Industry

10th out of 173 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 75 communities totaling 26,623 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

BTIG Reaffirms Their Hold Rating on Apartment Income REIT (AIRC)
The Strategic Gold Play You Haven't Heard About
Experts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure.
AIR Communities Reports Third Quarter 2023 Results
Countries Are Investing Heavily Into Securing Energy Independence
There's a worldwide "arms race" for countries to secure lithium - the critical metal essential to powering the world's green energy transition. While the U.S. is now investing heavily into lithium production, the North American supply chain has fallen far behind. One company is on a mission to change that and make a previously remote area the next great lithium mining hub.
4 Analysts Have This to Say About Apartment Income REIT
AIR Communities Announces CIO Transition
Apartment Income REIT: Cause For Pause
AIR Communities Reports Second Quarter 2023 Results
The Latest Analyst Ratings for Apartment Income REIT
See More Headlines
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Company Calendar

Last Earnings
7/28/2022
Ex-Dividend for 11/30 Dividend
11/16/2023
Dividend Payable
11/30/2023
Today
12/05/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/08/2024

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
750
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$39.25
High Stock Price Target
$44.00
Low Stock Price Target
$33.00
Potential Upside/Downside
+20.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
8 Analysts

Profitability

Net Income
$904.43 million
Pretax Margin
127.88%

Debt

Sales & Book Value

Annual Sales
$773.72 million
Cash Flow
$8.46 per share
Book Value
$15.46 per share

Miscellaneous

Free Float
145,523,000
Market Cap
$4.78 billion
Optionable
Not Optionable
Beta
0.91
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AIRC Stock Analysis - 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 twelve months. There are currently 1 hold rating and 7 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 target for 2024?

8 brokerages have issued twelve-month target prices for Apartment Income REIT's stock. Their AIRC share price targets range from $33.00 to $44.00. On average, they expect the company's stock price to reach $39.25 in the next twelve months. This suggests a possible upside of 20.8% 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 beginning of the year. Since then, AIRC shares have decreased by 5.3% and is now trading at $32.49.
View the best growth stocks for 2023 here
.

Are investors shorting Apartment Income REIT?

Apartment Income REIT saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 1,830,000 shares, a drop of 38.2% from the October 31st total of 2,960,000 shares. Based on an average daily trading volume, of 918,900 shares, the short-interest ratio is presently 2.0 days. Currently, 1.3% of the shares of the 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 Thursday, February 8th 2024.
View our AIRC earnings forecast
.

How were Apartment Income REIT's earnings last quarter?

Apartment Income REIT Corp. (NYSE:AIRC) released its quarterly 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 117.88% and a trailing twelve-month return on equity of 41.61%. During the same period in the prior year, the business earned $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, October 31st. Investors of record on Friday, November 17th will be given a dividend of $0.45 per share on Thursday, November 30th. This represents a $1.80 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date is Thursday, November 16th.
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 5.60%. AIRC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 27.65%. This payout ratio is at a healthy, sustainable level, below 75%. 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.

Who are Apartment Income REIT's major shareholders?

Apartment Income REIT's stock is owned by a number of institutional and retail investors. Top institutional investors include JPMorgan Chase & Co. (9.23%), Principal Financial Group Inc. (6.12%), FMR LLC (3.92%), Daiwa Securities Group Inc. (2.05%), Rush Island Management LP (1.68%) and Charles Schwab Investment Management Inc. (1.40%). 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 and Terry Considine.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:AIRC) was last updated on 12/5/2023 by MarketBeat.com Staff

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