Apartment Income REIT Corp. (NYSE:AIRC) Shares Purchased by Meeder Asset Management Inc.

Meeder Asset Management Inc. boosted its holdings in Apartment Income REIT Corp. (NYSE:AIRCGet Rating) by 66.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,821 shares of the company’s stock after buying an additional 724 shares during the quarter. Meeder Asset Management Inc.’s holdings in Apartment Income REIT were worth $76,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Apartment Income REIT during the 1st quarter worth approximately $37,000. Convergence Investment Partners LLC purchased a new position in Apartment Income REIT during the 2nd quarter worth approximately $105,000. First Manhattan Co. purchased a new position in Apartment Income REIT during the 1st quarter worth approximately $121,000. Quantbot Technologies LP grew its position in Apartment Income REIT by 148.0% during the 1st quarter. Quantbot Technologies LP now owns 2,750 shares of the company’s stock worth $147,000 after purchasing an additional 1,641 shares in the last quarter. Finally, Norinchukin Bank The purchased a new position in Apartment Income REIT during the 1st quarter worth approximately $209,000. Institutional investors and hedge funds own 99.08% of the company’s stock.

Analyst Upgrades and Downgrades

AIRC has been the topic of several research analyst reports. Mizuho lowered their price objective on shares of Apartment Income REIT from $46.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday. BMO Capital Markets downgraded shares of Apartment Income REIT from a “market perform” rating to an “underperform” rating and set a $43.00 price target on the stock. in a research note on Friday, August 19th. Jefferies Financial Group lowered their target price on Apartment Income REIT from $44.00 to $39.00 and set a “hold” rating on the stock in a research note on Wednesday, October 19th. Finally, The Goldman Sachs Group reduced their price target on Apartment Income REIT from $45.00 to $39.00 and set a “sell” rating for the company in a report on Tuesday, October 18th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Apartment Income REIT has a consensus rating of “Hold” and a consensus target price of $45.57.

Apartment Income REIT Stock Performance

AIRC opened at $37.64 on Friday. The company has a market cap of $5.64 billion, a PE ratio of 6.24 and a beta of 0.89. The stock has a 50-day moving average of $38.59 and a 200-day moving average of $41.79. Apartment Income REIT Corp. has a 52-week low of $35.50 and a 52-week high of $55.82. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.23 and a current ratio of 0.10.

Apartment Income REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Friday, November 18th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, November 17th. This represents a $1.80 annualized dividend and a dividend yield of 4.78%. Apartment Income REIT’s dividend payout ratio (DPR) is presently 29.85%.

About Apartment Income REIT

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AIR is a real estate investment trust focused on the ownership and management of quality apartment communities located in the largest markets in the United States. AIR is one of the country's largest owners and operators of apartments, with 99 communities in 12 states and the District of Columbia.

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Institutional Ownership by Quarter for Apartment Income REIT (NYSE:AIRC)

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