New York State Common Retirement Fund Sells 16,411 Shares of Apartment Income REIT Corp. (NYSE:AIRC)

New York State Common Retirement Fund lowered its stake in Apartment Income REIT Corp. (NYSE:AIRC) by 11.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 121,037 shares of the company’s stock after selling 16,411 shares during the period. New York State Common Retirement Fund’s holdings in Apartment Income REIT were worth $4,204,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of Apartment Income REIT by 12.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,572,680 shares of the company’s stock worth $416,681,000 after acquiring an additional 1,470,804 shares in the last quarter. Lasalle Investment Management Securities LLC lifted its position in shares of Apartment Income REIT by 195.6% during the 3rd quarter. Lasalle Investment Management Securities LLC now owns 1,555,044 shares of the company’s stock worth $47,740,000 after buying an additional 1,029,054 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Apartment Income REIT by 87.6% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,323,687 shares of the company’s stock valued at $40,637,000 after buying an additional 618,134 shares in the last quarter. FMR LLC raised its stake in Apartment Income REIT by 7.7% during the third quarter. FMR LLC now owns 5,758,309 shares of the company’s stock worth $176,780,000 after acquiring an additional 411,299 shares in the last quarter. Finally, Walleye Capital LLC lifted its holdings in shares of Apartment Income REIT by 89.6% in the third quarter. Walleye Capital LLC now owns 674,518 shares of the company’s stock worth $20,708,000 after acquiring an additional 318,748 shares during the last quarter. 98.13% of the stock is owned by institutional investors.

Apartment Income REIT Price Performance

Shares of AIRC opened at $38.58 on Monday. The business has a 50-day moving average of $34.21 and a 200-day moving average of $32.93. 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 has a market capitalization of $5.60 billion, a price-to-earnings ratio of 9.12 and a beta of 0.78. Apartment Income REIT Corp. has a 1 year low of $28.22 and a 1 year high of $38.68.

Wall Street Analysts Forecast Growth

AIRC has been the subject of a number of research analyst reports. Wedbush reiterated a “neutral” rating and set a $39.00 price objective (up from $35.00) on shares of Apartment Income REIT in a research report on Thursday, April 11th. BMO Capital Markets reiterated a “market perform” rating and issued a $39.12 price target (up from $36.00) on shares of Apartment Income REIT in a research note on Tuesday, April 9th. Raymond James lowered Apartment Income REIT from an “outperform” rating to a “market perform” rating in a research report on Monday, March 18th. Wolfe Research reiterated a “peer perform” rating on shares of Apartment Income REIT in a research report on Thursday, April 11th. Finally, Mizuho cut Apartment Income REIT from a “buy” rating to a “neutral” rating and reduced their price target 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Apartment Income REIT has a consensus rating of “Hold” and an average target price of $36.59.

Insider Transactions at Apartment Income REIT

In other news, Director Thomas N. Bohjalian bought 889 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was acquired at an average price 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Apartment Income REIT Profile

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.