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NYSE:AIRC

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

$30.64
-0.32 (-1.03%)
(As of 09/26/2023 ET)
Compare
Today's Range
$30.47
$30.92
50-Day Range
$30.97
$36.50
52-Week Range
$30.47
$40.28
Volume
652,540 shs
Average Volume
873,889 shs
Market Capitalization
$4.57 billion
P/E Ratio
14.66
Dividend Yield
5.87%
Price Target
$41.00

Apartment Income REIT MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
30.9% Upside
$40.13 Price Target
Short Interest
Healthy
1.62% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.02mentions of Apartment Income REIT in the last 14 days
Based on 5 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.

2.93 out of 5 stars

Finance Sector

72nd out of 836 stocks

Real Estate Investment Trusts Industry

13th out of 178 stocks


AIRC stock logo

About Apartment Income REIT (NYSE:AIRC) Stock

Apartment 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.

AIRC Price History

AIRC Stock News Headlines

4 Analysts Have This to Say About Apartment Income REIT
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
AIR Communities Announces CIO Transition
Apartment Income REIT: Cause For Pause
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
AIR Communities Reports Second Quarter 2023 Results
The Latest Analyst Ratings for Apartment Income REIT
AIR Communities Presents 2023 Housing Impact Award
See More Headlines
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AIRC Company Calendar

Last Earnings
7/28/2022
Ex-Dividend for 8/29 Dividend
8/17/2023
Dividend Payable
8/29/2023
Today
9/26/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023

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 Forecast
$40.13
High Stock Price Forecast
$44.00
Low Stock Price Forecast
$33.00
Forecasted Upside/Downside
+34.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

Net Income
$904.43 million
Pretax Margin
42.14%

Debt

Sales & Book Value

Annual Sales
$773.72 million
Cash Flow
$8.19 per share
Book Value
$15.46 per share

Miscellaneous

Free Float
147,732,000
Market Cap
$4.56 billion
Optionable
Not Optionable
Beta
0.86
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Key Executives

  • Mr. Terry Considine J.D.Mr. Terry Considine J.D. (Age 75)
    Founder, CEO & Director
  • Ms. Lisa R. CohnMs. Lisa R. Cohn (Age 54)
    Pres, Gen. Counsel & Sec.
    Comp: $1.17M
  • Mr. Paul L. Beldin CPAMr. Paul L. Beldin CPA (Age 49)
    CPA, Exec. VP & CFO
    Comp: $768.63k
  • Mr. John McGrath (Age 51)
    Exec. VP of Strategy, Capital Allocation & Co-Chief Investment Officer
    Comp: $2.54M
  • Mr. Keith M. KimmelMr. Keith M. Kimmel (Age 51)
    Pres of Property Operations
    Comp: $1.12M
  • Mr. Joshua MinixMr. Joshua Minix (Age 41)
    Exec. VP & Co-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
    Sr. VP & Chief Corp. Responsibility Officer
  • Mr. Stephen D. Crane
    Sr. VP of Property Tax













AIRC Stock - Frequently Asked Questions

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

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Apartment Income REIT in the last twelve months. There are currently 2 hold ratings and 6 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 forecast for 2023?

8 Wall Street analysts have issued 12-month target prices for Apartment Income REIT's stock. Their AIRC share price forecasts range from $33.00 to $44.00. On average, they expect the company's share price to reach $40.13 in the next year. This suggests a possible upside of 31.3% 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 11.0% and is now trading at $30.55.
View the best growth stocks for 2023 here
.

Are investors shorting Apartment Income REIT?

Apartment Income REIT saw a increase in short interest in the month of 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 trading volume of 1,020,000 shares, the short-interest ratio is currently 2.1 days. Currently, 1.4% 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, 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 earnings results on Thursday, July, 28th. The company reported $1.26 EPS for the quarter, topping the consensus estimate of $0.22 by $1.04. Apartment Income REIT had a trailing twelve-month return on equity of 14.31% and a net margin of 38.14%. During the same period last year, the company earned $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, July 25th. Stockholders of record on Friday, August 18th will be paid 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 5.89%. The ex-dividend date is Thursday, August 17th.
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 5.77%. 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."

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 shareholders include BlackRock Inc. (11.45%), Cohen & Steers Inc. (9.58%), JPMorgan Chase & Co. (8.11%), Principal Financial Group Inc. (5.98%), State Street Corp (5.51%) and Alliancebernstein L.P. (2.66%). 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 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.

What is Apartment Income REIT's stock price today?

One share of AIRC stock can currently be purchased for approximately $30.55.

How much money does Apartment Income REIT make?

Apartment Income REIT (NYSE:AIRC) has a market capitalization of $4.56 billion and generates $773.72 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 9/26/2023 by MarketBeat.com Staff

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