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 brokers have issued 1 year price objectives for Apartment Income REIT's shares. Their AIRC share price targets range from $33.00 to $44.00. On average, they expect the company's share price to reach $39.25 in the next twelve months. This suggests a possible upside of 21.9% 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 stock has decreased by 6.1% and is now trading at $32.20. View the best growth stocks for 2023 here .

Are investors shorting Apartment Income REIT?

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

How were Apartment Income REIT's earnings last quarter?

Apartment Income REIT Corp. (NYSE:AIRC) issued its quarterly earnings data on Thursday, July, 28th. The company reported $1.26 EPS for the quarter, beating the consensus estimate 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 quarter last year, the company posted $0.52 EPS.

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. Stockholders 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 dividend yield of 5.59%. 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 .

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) .

Who are Apartment Income REIT's major shareholders?

Apartment Income REIT's stock is owned by many different 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 .

Top-Rated Dividend StocksTop-Rated Dividend

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

$32.20

-0.29 (-0.89%)

(As of 12/5/2023 ET)

Compare

Today's Range: $32.07
▼
$32.59
50-Day Range: $28.55
▼
$32.49
52-Week Range: $28.22
▼
$40.28

Volume: 1.34 million shs
Average Volume: 911,971 shs
Market Capitalization: $4.73 billion

P/E Ratio: 4.95
Dividend Yield: 5.59%
Price Target: $39.25

Apartment Income REIT MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.88 Rating Score
Upside/Downside: 21.9% 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: 0.99
Based on 3 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

41st out of 772 stocks

Real Estate Investment Trusts Industry

4th out of 165 stocks

2.4

Analyst's Opinion

Consensus Rating
Apartment Income REIT has received a consensus rating of Moderate Buy. The company's average rating score is 2.88, and is based on 7 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $39.25, Apartment Income REIT has a forecasted upside of 21.9% from its current price of $32.20.
Amount of Analyst Coverage
Apartment Income REIT has only been the subject of 3 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.25% of the float of Apartment Income REIT has been sold short.
Short Interest Ratio / Days to Cover
Apartment Income REIT has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Apartment Income REIT has recently decreased by 38.18%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
Apartment Income REIT is a leading dividend payer. It pays a dividend yield of 5.60%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Apartment Income REIT has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Apartment Income REIT is 27.65%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based 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.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for AIRC.

3.9

News and Social Media Coverage

News Sentiment
Apartment Income REIT has a news sentiment score of 0.99. 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 higher news sentiment than the 0.41 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Apartment Income REIT this week, compared to 2 articles on an average week.
Search Interest
5 people have searched for AIRC on MarketBeat in the last 30 days. This is an increase of 400% compared to the previous 30 days.
MarketBeat Follows
7 people have added Apartment Income REIT to their MarketBeat watchlist in the last 30 days. This is an increase of 250% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Apartment Income REIT insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.00% of the stock of Apartment Income REIT is held by insiders.
Percentage Held by Institutions
98.13% 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.

2.5

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The P/E ratio of Apartment Income REIT is 4.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.29.
Price to Earnings Ratio vs. Sector
The P/E ratio of Apartment Income REIT is 4.95, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 39.74.
Price to Book Value per Share Ratio
Apartment Income REIT has a P/B Ratio of 2.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

AIRC Stock News Headlines

December 4, 2023 | finance.yahoo.com

AIR Communities Honored with Multi-Housing News Excellence Award for Best ESG Program

November 30, 2023 | markets.businessinsider.com

BTIG Reaffirms Their Hold Rating on Apartment Income REIT (AIRC)

December 6, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 30, 2023 | americanbankingnews.com

Apartment Income REIT Corp. (NYSE:AIRC) Short Interest Down 38.2% in November

November 3, 2023 | finanznachrichten.de

Apartment Income REIT Communities Reports Third Quarter 2023 Results

November 2, 2023 | finance.yahoo.com

Compared to Estimates, Apartment Income REIT Corp. (AIRC) Q3 Earnings: A Look at Key Metrics

November 2, 2023 | finance.yahoo.com

AIR Communities Reports Third Quarter 2023 Results

October 25, 2023 | msn.com

Raymond James Initiates Coverage of Apartment Income REIT Corp - (AIRC) with Outperform Recommendation

December 6, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

October 10, 2023 | finance.yahoo.com

AIR Communities Publishes 2022/2023 Corporate Responsibility Report

October 4, 2023 | finance.yahoo.com

AIR Communities Announces Dates for Its Third Quarter Earnings Release and Conference Call

September 26, 2023 | markets.businessinsider.com

4 Analysts Have This to Say About Apartment Income REIT

September 25, 2023 | finance.yahoo.com

Apartment Income REIT Corp.: Apartment Income REIT Should Produce Low but Steady Same-Store Growth

September 20, 2023 | finance.yahoo.com

AIR Communities Helps Raise $529,000 For Military and Educational Causes in 20th Annual Golf Classic

September 1, 2023 | msn.com

Apartment Income REIT: A Good Pick In An Attractive Sector

August 30, 2023 | finance.yahoo.com

AIR Communities Announces CIO Transition

August 24, 2023 | msn.com

Apartment Income REIT: Cause For Pause

August 23, 2023 | bizjournals.com

Richmond Highway apartment tower owner may ditch tennis courts for pickleball

August 21, 2023 | nasdaq.com

JP Morgan Maintains Apartment Income REIT Corp - (AIRC) Neutral Recommendation

July 28, 2023 | seekingalpha.com

Apartment Income REIT Corp. 2023 Q2 - Results - Earnings Call Presentation

July 28, 2023 | finanznachrichten.de

Apartment Income REIT Communities Reports Second Quarter 2023 Results

July 28, 2023 | finance.yahoo.com

Apartment Income REIT Corp. (AIRC) Lags Q2 FFO Estimates

July 28, 2023 | msn.com

Apartment Income REIT Corp. (AIRC) Reports Q2 Earnings: What Key Metrics Have to Say

July 28, 2023 | markets.businessinsider.com

BMO Capital Sticks to Their Buy Rating for Apartment Income REIT (AIRC)

July 27, 2023 | finance.yahoo.com

AIR Communities Reports Second Quarter 2023 Results

July 19, 2023 | markets.businessinsider.com

The Latest Analyst Ratings for Apartment Income REIT

July 18, 2023 | msn.com

Camden Property, AIRC upgraded, IRT downgraded at BMO

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

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Real estate investment trusts
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:AIRC
CUSIP: N/A
CIK: 1820877
Web: www.aircommunities.com
Phone: 303-757-8101
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: +21.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.88
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): $6.51
Trailing P/E Ratio: 4.96
Forward P/E Ratio: 13.45
P/E Growth: N/A
Net Income: $904.43 million
Net Margins: 117.88%
Pretax Margin: 127.88%
Return on Equity: 41.61%
Return on Assets: 15.12%

Debt

Debt-to-Equity Ratio: 1.01
Current Ratio: 0.55
Quick Ratio: 0.55

Sales & Book Value

Annual Sales: $831.55 million
Price / Sales: 5.71
Cash Flow: $8.41 per share
Price / Cash Flow: 3.84
Book Value: $15.46 per share
Price / Book: 2.09

Miscellaneous

Outstanding Shares: 146,993,000
Free Float: 145,523,000
Market Cap: $4.75 billion
Optionable: Not Optionable
Beta: 0.91

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Get This Free Report

Key Executives

Mr. Terry Considine J.D. (Age 75)
Founder, CEO & Director
Comp: $2.02M
Ms. Lisa R. Cohn (Age 54)
President, General Counsel & Secretary
Comp: $1.17M
Mr. Paul L. Beldin CPA (Age 49)
Executive VP & CFO
Comp: $768.63k
Mr. Keith M. Kimmel (Age 51)
President of Property Operations
Comp: $1.12M
Mr. Joshua Minix (Age 41)
Executive VP & Chief Investment Officer
Ms. Molly H.N. Syke (Age 36)
VP & Chief Accounting Officer
Ms. Mary C. Jensen
Head of Investor Relations
Ms. Patti Shwayder
Senior VP & Chief Corporate Responsibility Officer
Mr. Stephen D. Crane
Senior Vice President of Property Tax
Mr. Matthew O'Grady (Age 40)
Senior Vice President of Capital Markets

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 brokers have issued 1 year price objectives for Apartment Income REIT's shares. Their AIRC share price targets range from $33.00 to $44.00. On average, they expect the company's share price to reach $39.25 in the next twelve months. This suggests a possible upside of 21.9% 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 stock has decreased by 6.1% and is now trading at $32.20.
View the best growth stocks for 2023 here.
Are investors shorting Apartment Income REIT?: Apartment Income REIT saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 1,830,000 shares, a decrease of 38.2% from the October 31st total of 2,960,000 shares. Based on an average trading volume of 918,900 shares, the days-to-cover ratio is presently 2.0 days. Approximately 1.3% 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 Thursday, February 8th 2024.
View our AIRC earnings forecast.
How were Apartment Income REIT's earnings last quarter?: Apartment Income REIT Corp. (NYSE:AIRC) issued its quarterly earnings data on Thursday, July, 28th. The company reported $1.26 EPS for the quarter, beating the consensus estimate 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 quarter last year, the company posted $0.52 EPS.

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. Stockholders 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 dividend yield of 5.59%. 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.
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).
Who are Apartment Income REIT's major shareholders?: Apartment Income REIT's stock is owned by many different 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 12/6/2023 by MarketBeat.com Staff

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