Apartment Income REIT Corp. (NYSE:AIRC) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. grew its holdings in Apartment Income REIT Corp. (NYSE:AIRC) by 7.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,963 shares of the company’s stock after buying an additional 1,045 shares during the period. Federated Hermes Inc.’s holdings in Apartment Income REIT were worth $554,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Invesco Ltd. raised its holdings in Apartment Income REIT by 2.4% in the 3rd quarter. Invesco Ltd. now owns 975,323 shares of the company’s stock valued at $29,942,000 after acquiring an additional 22,830 shares during the last quarter. Wolverine Asset Management LLC increased its holdings in shares of Apartment Income REIT by 353.0% in the third quarter. Wolverine Asset Management LLC now owns 55,317 shares of the company’s stock valued at $1,698,000 after purchasing an additional 43,107 shares during the last quarter. Capital Square LLC lifted its position in Apartment Income REIT by 6.9% during the fourth quarter. Capital Square LLC now owns 22,627 shares of the company’s stock worth $786,000 after buying an additional 1,468 shares in the last quarter. Strs Ohio acquired a new position in Apartment Income REIT during the fourth quarter worth $6,383,000. Finally, Treasurer of the State of North Carolina grew its holdings in Apartment Income REIT by 0.5% in 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 buying an additional 330 shares in the last quarter. 98.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wolfe Research restated a “peer perform” rating on shares of Apartment Income REIT in a research report on Thursday, April 11th. Wedbush restated a “neutral” rating and set a $39.00 price target (up previously from $35.00) on shares of Apartment Income REIT in a report on Thursday, April 11th. Truist Financial reduced their price target on shares of Apartment Income REIT from $40.00 to $37.00 and set a “buy” rating on the stock in a research report on Tuesday, April 9th. BMO Capital Markets reiterated a “market perform” rating and issued a $39.12 price objective (up from $36.00) on shares of Apartment Income REIT in a research report on Tuesday, April 9th. Finally, Mizuho downgraded Apartment Income REIT from a “buy” rating to a “neutral” rating and reduced their target price for the company from $37.00 to $31.00 in a research report on Wednesday, February 28th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $36.59.

Insider Buying and Selling at Apartment Income REIT

In other news, Director Thomas N. Bohjalian acquired 889 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was acquired 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 owns 20,000 shares of the company’s stock, valued at approximately $630,000. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is owned by corporate insiders.

Apartment Income REIT Stock Performance

NYSE:AIRC opened at $38.57 on Friday. Apartment Income REIT Corp. has a fifty-two week low of $28.22 and a fifty-two week high of $38.68. 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 50 day moving average price of $34.06 and a 200 day moving average price of $32.87. The stock has a market capitalization of $5.60 billion, a P/E ratio of 9.12 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.