Apartment Income REIT (NYSE:AIRC) Given Neutral Rating at Wedbush

Apartment Income REIT (NYSE:AIRC)‘s stock had its “neutral” rating reaffirmed by investment analysts at Wedbush in a research note issued to investors on Thursday, Benzinga reports. They currently have a $39.00 price target on the stock, up from their previous price target of $35.00. Wedbush’s price objective would indicate a potential upside of 1.67% from the company’s previous close. 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 have also recently issued reports about the company. Janney Montgomery Scott reiterated a “neutral” rating on shares of Apartment Income REIT in a report on Monday, April 8th. Mizuho cut Apartment Income REIT from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $37.00 to $31.00 in a research report on Wednesday, February 28th. The Goldman Sachs Group reissued a “neutral” rating and issued a $34.00 price objective on shares of Apartment Income REIT in a research note on Thursday, February 22nd. BMO Capital Markets reaffirmed a “market perform” rating and set a $39.12 target price (up previously from $36.00) on shares of Apartment Income REIT in a research note on Tuesday. Finally, Raymond James cut shares of Apartment Income REIT from an “outperform” rating to a “market perform” rating in a research report on Monday, March 18th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Apartment Income REIT presently has a consensus rating of “Hold” and an average target price of $36.59.

Apartment Income REIT Stock Down 0.2 %

Shares of NYSE AIRC opened at $38.36 on Thursday. Apartment Income REIT has a 52-week low of $28.22 and a 52-week high of $38.68. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.10. The company’s 50-day simple moving average is $32.21 and its 200-day simple moving average is $32.12. The firm has a market cap of $5.56 billion, a price-to-earnings ratio of 9.07 and a beta of 0.90.

Insider Activity at Apartment Income REIT

In other news, Director Thomas N. Bohjalian bought 889 shares of Apartment Income REIT stock in a transaction on Wednesday, February 14th. The shares were bought at an average cost of $31.50 per share, with a total value of $28,003.50. Following the completion of the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at $630,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by insiders.

Institutional Trading of Apartment Income REIT

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Belpointe Asset Management LLC increased its position in shares of Apartment Income REIT by 356.7% during the 1st quarter. Belpointe Asset Management LLC now owns 813 shares of the company’s stock worth $29,000 after purchasing an additional 635 shares during the last quarter. Quent Capital LLC increased its position in shares of Apartment Income REIT by 437.5% during the fourth quarter. Quent Capital LLC now owns 860 shares of the company’s stock valued at $30,000 after acquiring an additional 700 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Apartment Income REIT by 66.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 882 shares of the company’s stock valued at $27,000 after acquiring an additional 353 shares during the period. Signaturefd LLC acquired a new position in shares of Apartment Income REIT in the 4th quarter worth approximately $37,000. Finally, CWM LLC boosted its position in shares of Apartment Income REIT by 64.2% during the 4th quarter. CWM LLC now owns 1,281 shares of the company’s stock worth $44,000 after purchasing an additional 501 shares during the period. Institutional investors and hedge funds own 98.13% of the company’s stock.

About Apartment Income REIT

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.