Signaturefd LLC Buys Shares of 1,060 Apartment Income REIT Corp. (NYSE:AIRC)

Signaturefd LLC bought a new stake in shares of Apartment Income REIT Corp. (NYSE:AIRC) during the 4th quarter, Holdings Channel.com reports. The fund bought 1,060 shares of the company’s stock, valued at approximately $37,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Treasurer of the State of North Carolina lifted its holdings in shares of Apartment Income REIT by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 65,340 shares of the company’s stock valued at $2,006,000 after purchasing an additional 330 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Apartment Income REIT by 66.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 882 shares of the company’s stock worth $27,000 after acquiring an additional 353 shares during the last quarter. Penserra Capital Management LLC raised its stake in Apartment Income REIT by 2.5% in the 3rd quarter. Penserra Capital Management LLC now owns 15,180 shares of the company’s stock worth $465,000 after acquiring an additional 374 shares during the last quarter. Manning & Napier Group LLC raised its stake in Apartment Income REIT by 0.5% in the 4th quarter. Manning & Napier Group LLC now owns 92,293 shares of the company’s stock worth $3,205,000 after acquiring an additional 463 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in Apartment Income REIT by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 42,482 shares of the company’s stock worth $1,304,000 after acquiring an additional 602 shares during the last quarter. Institutional investors own 98.13% of the company’s stock.

Insiders Place Their Bets

In other Apartment Income REIT news, Director Thomas N. Bohjalian acquired 889 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were purchased at an average cost of $31.50 per share, for a total transaction of $28,003.50. Following the completion of the acquisition, the director now owns 20,000 shares of the company’s stock, valued at approximately $630,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

AIRC has been the subject of a number of recent research reports. Truist Financial reduced their price objective on Apartment Income REIT from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Tuesday, April 9th. Janney Montgomery Scott reiterated a “neutral” rating on shares of Apartment Income REIT in a research note on Monday, April 8th. BMO Capital Markets restated a “market perform” rating and set a $39.12 target price (up from $36.00) on shares of Apartment Income REIT in a research report on Tuesday, April 9th. Raymond James cut Apartment Income REIT from an “outperform” rating to a “market perform” rating in a report on Monday, March 18th. Finally, Mizuho cut Apartment Income REIT from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $37.00 to $31.00 in a report on Wednesday, February 28th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Apartment Income REIT currently has a consensus rating of “Hold” and a consensus price target of $36.59.

Apartment Income REIT Trading Up 0.0 %

AIRC opened at $38.46 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.65 and a quick ratio of 0.65. The company’s 50 day simple moving average is $33.91 and its two-hundred day simple moving average is $32.83. Apartment Income REIT Corp. has a 1-year low of $28.22 and a 1-year high of $38.68. The firm has a market capitalization of $5.58 billion, a price-to-earnings ratio of 9.10 and a beta of 0.78.

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.