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

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.

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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our AIRC earnings forecast.

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.

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.

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).

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.

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 -.

Apartment Income REIT trades on the New York Stock Exchange (NYSE) under the ticker symbol "AIRC."

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

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.

The company employs 750 workers across the globe.

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.