Apartment Income REIT (NYSE:AIRC) Stock Rating Reaffirmed by Wedbush

Wedbush restated their neutral rating on shares of Apartment Income REIT (NYSE:AIRC) in a research report report published on Thursday morning, Benzinga reports. Wedbush currently has a $39.00 price objective on the stock, up from their prior price objective of $35.00. Wedbush also issued estimates for Apartment Income REIT’s Q1 2025 earnings at $0.61 EPS, Q2 2025 earnings at $0.63 EPS, Q3 2025 earnings at $0.63 EPS and Q4 2025 earnings at $0.64 EPS.

Other equities research analysts also recently issued reports about the company. BMO Capital Markets reaffirmed a market perform rating and set a $39.12 price target (up from $36.00) on shares of Apartment Income REIT in a report on Tuesday, April 9th. The Goldman Sachs Group restated a neutral rating and issued a $34.00 target price on shares of Apartment Income REIT in a research note on Thursday, February 22nd. Janney Montgomery Scott reiterated a neutral rating on shares of Apartment Income REIT in a research note on Monday, April 8th. Raymond James cut shares of Apartment Income REIT from an outperform rating to a market perform rating in a report on Monday, March 18th. Finally, Truist Financial lowered their price objective on Apartment Income REIT from $40.00 to $37.00 and set a buy rating on the stock in a report on Tuesday, April 9th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $36.59.

Apartment Income REIT Trading Down 0.2 %

Shares of Apartment Income REIT stock opened at $38.36 on Thursday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $5.56 billion, a P/E ratio of 9.07 and a beta of 0.90. Apartment Income REIT has a 1 year low of $28.22 and a 1 year high of $38.68. The company’s fifty day moving average is $32.21 and its two-hundred day moving average is $32.13.

Apartment Income REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Friday, February 16th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend was Thursday, February 15th. Apartment Income REIT’s dividend payout ratio (DPR) is 42.55%.

Insider Activity

In related news, Director Thomas N. Bohjalian acquired 889 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was bought at an average price of $31.50 per share, with a total value of $28,003.50. Following the purchase, the director now directly owns 20,000 shares in the company, valued at approximately $630,000. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Apartment Income REIT

Several hedge funds and other institutional investors have recently made changes to their positions in the business. West Coast Financial LLC lifted its stake in shares of Apartment Income REIT by 1.4% during the first quarter. West Coast Financial LLC now owns 86,326 shares of the company’s stock worth $2,803,000 after purchasing an additional 1,154 shares in the last quarter. Aurora Investment Managers LLC. lifted its position in Apartment Income REIT by 23.8% during the 1st quarter. Aurora Investment Managers LLC. now owns 88,419 shares of the company’s stock worth $2,871,000 after acquiring an additional 16,979 shares in the last quarter. Perpetual Ltd purchased a new position in Apartment Income REIT in the 1st quarter worth approximately $797,000. Pensionfund Sabic grew its position in Apartment Income REIT by 28.7% in the first quarter. Pensionfund Sabic now owns 31,357 shares of the company’s stock valued at $1,018,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Pensionfund DSM Netherlands raised its stake in shares of Apartment Income REIT by 12.5% during the first quarter. Pensionfund DSM Netherlands now owns 62,922 shares of the company’s stock valued at $2,043,000 after purchasing an additional 7,000 shares during the period. Institutional investors and hedge funds own 98.13% of the company’s stock.

Apartment Income REIT Company Profile

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.