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

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Apartment Income REIT in the last twelve months. There are currently 8 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" AIRC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AIRC, but not buy additional shares or sell existing shares. View AIRC analyst ratings or view top-rated stocks .

What is Apartment Income REIT's stock price target for 2024?

9 brokerages have issued 12 month price objectives for Apartment Income REIT's stock. Their AIRC share price targets range from $31.00 to $39.12. On average, they predict the company's share price to reach $36.59 in the next year. This suggests that the stock has a possible downside of 4.7%. View analysts price targets for AIRC or view top-rated stocks among Wall Street analysts .

How have AIRC shares performed in 2024?

Apartment Income REIT's stock was trading at $34.73 at the beginning of the year. Since then, AIRC shares have increased by 10.6% and is now trading at $38.40. View the best growth stocks for 2024 here .

Are investors shorting Apartment Income REIT?

Apartment Income REIT saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 2,440,000 shares, a decline of 24.7% from the March 15th total of 3,240,000 shares. Based on an average daily volume of 1,770,000 shares, the short-interest ratio is presently 1.4 days. Approximately 1.7% of the company's shares are short sold. 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 Monday, May 6th 2024. View our AIRC earnings forecast .

How were Apartment Income REIT's earnings last quarter?

Apartment Income REIT Corp. (NYSE:AIRC) released its quarterly earnings results on Thursday, July, 28th. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $1.04. Apartment Income REIT had a net margin of 77.37% and a trailing twelve-month return on equity of 26.29%. During the same period last year, the company earned $0.52 earnings per share.

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 Wednesday, January 31st. Stockholders of record on Friday, February 16th will be given a dividend of $0.45 per share on Tuesday, February 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date is Thursday, February 15th. 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 4.70%. AIRC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 42.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIRC will have a dividend payout ratio of 72.87% 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) , Residential REIT ETF (HAUS) , Kelly Residential & Apartment Real Estate ETF (RESI) , Nuveen Short-Term REIT ETF (NURE) , Invesco KBW Premium Yield Equity REIT ETF (KBWY) , JPMorgan Realty Income ETF (JPRE) , ALPS REIT Dividend Dogs ETF (RDOG) and iShares Residential and Multisector Real Estate ETF (REZ) .

What guidance has Apartment Income REIT issued on next quarter's earnings?

Apartment Income REIT updated its FY 2024 earnings guidance on Thursday, February, 8th. The company provided EPS guidance of 2.330-2.430 for the period, compared to the consensus EPS estimate of 2.530. The company issued revenue guidance of -.

Who are Apartment Income REIT's major shareholders?

Apartment Income REIT's stock is owned by many different retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.08%), Aurora Investment Managers LLC. (0.06%), West Coast Financial LLC (0.06%), Pensionfund DSM Netherlands (0.04%), Pensionfund Sabic (0.02%) and Perpetual Ltd (0.02%). 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 , Terry Considine and Thomas N Bohjalian. 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

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NYSE:AIRC

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

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$38.40

+0.05 (+0.13%)

(As of 04/18/2024 ET)

Compare

Today's Range: $38.32
▼
$38.50
50-Day Range: $30.12
▼
$38.42
52-Week Range: $28.22
▼
$38.68

Volume: 3.72 million shs
Average Volume: 2.21 million shs
Market Capitalization: $5.56 billion

P/E Ratio: 9.08
Dividend Yield: 4.69%
Price Target: $36.59

Get Apartment Income REIT alerts:

Apartment Income REIT MarketRank™ Stock Analysis

Analyst Rating: Hold
2.11 Rating Score
Upside/Downside: 4.7% Downside
$36.59 Price Target
Short Interest: Healthy
1.69% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.65
Based on 13 Articles This Week
Insider Trading: Acquiring Shares
$51,254 Bought Last Quarter
Proj. Earnings Growth: 3.78%
From $2.38 to $2.47 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.85 out of 5 stars

Finance Sector

350th out of 822 stocks

Real Estate Investment Trusts Industry

72nd out of 176 stocks

2.1

Analyst's Opinion

Consensus Rating
Apartment Income REIT has received a consensus rating of Hold. The company's average rating score is 2.11, and is based on 1 buy rating, 8 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Apartment Income REIT has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
1.69% 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 1.4, 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 24.69%, 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 4.70%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Apartment Income REIT does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Apartment Income REIT is 42.55%. 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 72.87% 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.

3.1

News and Social Media Coverage

News Sentiment
Apartment Income REIT has a news sentiment score of 0.65. 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 news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 13 news articles for Apartment Income REIT this week, compared to 3 articles on an average week.
Search Interest
8 people have searched for AIRC on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
11 people have added Apartment Income REIT to their MarketBeat watchlist in the last 30 days. This is an increase of 175% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Apartment Income REIT insiders have bought more of their company's stock than they have sold. Specifically, they have bought $51,254.00 in company stock and sold $0.00 in 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.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Apartment Income REIT are expected to grow by 3.78% in the coming year, from $2.38 to $2.47 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Apartment Income REIT is 9.08, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.13.
Price to Earnings Ratio vs. Sector
The P/E ratio of Apartment Income REIT is 9.08, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.79.
Price to Book Value per Share Ratio
Apartment Income REIT has a P/B Ratio of 2.21. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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 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. 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

April 11, 2024 | marketbeat.com

Blackstone’s $10 Billion Bet on Property Prices Going Up

Residential property prices could be on the rise soon, as Blackstone just made a $10 billion bet into the sector, and one other REIT could be next in line

April 15, 2024 | prnewswire.com

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates WIRE, AIRC, INRD

April 19, 2024 | Paradigm Press (Ad)

Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THIS

April 13, 2024 | americanbankingnews.com

Apartment Income REIT (NYSE:AIRC) and Paramount Group (NYSE:PGRE) Head-To-Head Comparison

April 13, 2024 | americanbankingnews.com

Apartment Income REIT Corp. Forecasted to Post Q1 2025 Earnings of $0.61 Per Share (NYSE:AIRC)

April 13, 2024 | americanbankingnews.com

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

April 13, 2024 | americanbankingnews.com

Apartment Income REIT (NYSE:AIRC) Rating Reiterated by Wedbush

April 13, 2024 | investing.com

Wolfe Research downgrades Apartment Income REIT stock amid Blackstone buyout

April 19, 2024 | Paradigm Press (Ad)

Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THIS

April 10, 2024 | americanbankingnews.com

Apartment Income REIT's (AIRC) Market Perform Rating Reaffirmed at BMO Capital Markets

April 10, 2024 | americanbankingnews.com

Apartment Income REIT (NYSE:AIRC) Price Target Cut to $37.00 by Analysts at Truist Financial

April 9, 2024 | prnewswire.com

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SWAV, AIRC, INRD

April 9, 2024 | prnewswire.com

STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Announces an Investigation of Apartment Income REIT Corp. - AIRC

April 9, 2024 | bizjournals.com

$10 billion deal will take Denver multifamily firm private

April 9, 2024 | markets.businessinsider.com

Expert Outlook: Apartment Income REIT Through The Eyes Of 4 Analysts

April 9, 2024 | stockhouse.com

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Apartment Income REIT Corp. Buyout

April 9, 2024 | americanbankingnews.com

Apartment Income REIT (NYSE:AIRC) Earns Neutral Rating from Janney Montgomery Scott

April 8, 2024 | businesswire.com

APARTMENT INCOME REIT INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Apartment Income REIT Corp. - AIRC

April 8, 2024 | tmcnet.com

AIRC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Apartment Income REIT Corp. Is Fair to Shareholders

April 8, 2024 | investopedia.com

Blackstone To Take Rental Housing Owner AIR Communities Private in $10B Deal

April 8, 2024 | prnewswire.com

Shareholder Alert: Ademi LLP investigates whether Apartment Income REIT Corp. has obtained a Fair Price in its transaction with Blackstone

April 8, 2024 | investorplace.com

AIRC Stock Alert: Blackstone Is Taking Apartment Income REIT Private

April 8, 2024 | bloomberg.com

Blackstone to Purchase Apartment Owner AIR in $10 Billion Deal

April 8, 2024 | marketwatch.com

Apartment Income REIT stock rallies on Blackstone buyout

April 8, 2024 | msn.com

Apartment Income REIT jumps on report of Blackstone's $10B takeover

April 8, 2024 | businesswire.com

Blackstone Real Estate to Take AIR Communities Private for Approximately $10 Billion

March 20, 2024 | finance.yahoo.com

AIR Communities Named National Top Workplace Winner

See More Headlines

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Company Calendar

Last Earnings: 7/28/2022
Ex-Dividend for 2/27 Dividend: 2/15/2024
Dividend Payable: 2/27/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/06/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Real estate investment trusts
Sub-Industry: N/A
Current Symbol: NYSE:AIRC
CUSIP: N/A
CIK: 1820877
Web: www.aircommunities.com
Phone: 303-757-8101
Fax: N/A
Employees: 760
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $36.59
High Stock Price Target: $39.12
Low Stock Price Target: $31.00
Potential Upside/Downside: -4.7%
Consensus Rating: Hold
Rating Score (0-4): 2.11
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.23
Trailing P/E Ratio: 9.08
Forward P/E Ratio: 16.13
P/E Growth: N/A
Net Income: $635.10 million
Net Margins: 77.37%
Pretax Margin: 84.35%
Return on Equity: 26.29%
Return on Assets: 9.95%

Debt

Debt-to-Equity Ratio: 1.10
Current Ratio: 0.65
Quick Ratio: 0.65

Sales & Book Value

Annual Sales: $820.04 million
Price / Sales: 6.79
Cash Flow: $6.67 per share
Price / Cash Flow: 5.76
Book Value: $17.34 per share
Price / Book: 2.21

Miscellaneous

Outstanding Shares: 144,920,000
Free Float: 143,468,000
Market Cap: $5.56 billion
Optionable: Optionable
Beta: 0.90

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Key Executives

Mr. Terry Considine J.D. (Age 76)
Founder, CEO & Director
Comp: $2.02M
Ms. Lisa R. Cohn (Age 55)
President, General Counsel & Secretary
Comp: $1.17M
Mr. Paul L. Beldin CPA (Age 50)
Executive VP & CFO
Comp: $768.63k
Mr. Keith M. Kimmel (Age 52)
President of Property Operations
Comp: $1.12M
Mr. Joshua Minix (Age 42)
Executive VP & Chief Investment Officer
Ms. Molly H.N. Syke (Age 37)
VP & Chief Accounting Officer
Mr. Matthew O'Grady (Age 40)
Executive Vice President of Capital Markets
Ms. Patti Shwayder
Senior VP & Chief Corporate Responsibility Officer

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?: 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Apartment Income REIT in the last twelve months. There are currently 8 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" AIRC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AIRC, but not buy additional shares or sell existing shares.
View AIRC analyst ratings or view top-rated stocks.
What is Apartment Income REIT's stock price target for 2024?: 9 brokerages have issued 12 month price objectives for Apartment Income REIT's stock. Their AIRC share price targets range from $31.00 to $39.12. On average, they predict the company's share price to reach $36.59 in the next year. This suggests that the stock has a possible downside of 4.7%.
View analysts price targets for AIRC or view top-rated stocks among Wall Street analysts.
How have AIRC shares performed in 2024?: Apartment Income REIT's stock was trading at $34.73 at the beginning of the year. Since then, AIRC shares have increased by 10.6% and is now trading at $38.40.
View the best growth stocks for 2024 here.
Are investors shorting Apartment Income REIT?: Apartment Income REIT saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 2,440,000 shares, a decline of 24.7% from the March 15th total of 3,240,000 shares. Based on an average daily volume of 1,770,000 shares, the short-interest ratio is presently 1.4 days. Approximately 1.7% of the company's shares are short sold.
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 Monday, May 6th 2024.
View our AIRC earnings forecast.
How were Apartment Income REIT's earnings last quarter?: Apartment Income REIT Corp. (NYSE:AIRC) released its quarterly earnings results on Thursday, July, 28th. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $1.04. Apartment Income REIT had a net margin of 77.37% and a trailing twelve-month return on equity of 26.29%. During the same period last year, the company earned $0.52 earnings per share.

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 Wednesday, January 31st. Stockholders of record on Friday, February 16th will be given a dividend of $0.45 per share on Tuesday, February 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date is Thursday, February 15th.
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 4.70%. AIRC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 42.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIRC will have a dividend payout ratio of 72.87% 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), Residential REIT ETF (HAUS), Kelly Residential & Apartment Real Estate ETF (RESI), Nuveen Short-Term REIT ETF (NURE), Invesco KBW Premium Yield Equity REIT ETF (KBWY), JPMorgan Realty Income ETF (JPRE), ALPS REIT Dividend Dogs ETF (RDOG) and iShares Residential and Multisector Real Estate ETF (REZ).
What guidance has Apartment Income REIT issued on next quarter's earnings?: Apartment Income REIT updated its FY 2024 earnings guidance on Thursday, February, 8th. The company provided EPS guidance of 2.330-2.430 for the period, compared to the consensus EPS estimate of 2.530. The company issued revenue guidance of -.
Who are Apartment Income REIT's major shareholders?: Apartment Income REIT's stock is owned by many different retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.08%), Aurora Investment Managers LLC. (0.06%), West Coast Financial LLC (0.06%), Pensionfund DSM Netherlands (0.04%), Pensionfund Sabic (0.02%) and Perpetual Ltd (0.02%). 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, Terry Considine and Thomas N Bohjalian.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:AIRC) was last updated on 4/19/2024 by MarketBeat.com Staff

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

Apartment Income REIT MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Apartment Income REIT Stock (NYSE:AIRC)

AIRC Stock Price History

AIRC Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

AIRC Stock Analysis - Frequently Asked Questions

Overall MarketRank^™