A share price of Apartment Income REIT Corp [AIRC] is currently trading at $31.42, up 1.16%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The AIRC shares have gain 4.32% over the last week, with a monthly amount drifted -2.30%, and not seem to be holding up well over a long-time horizon.
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On 1, March 2024, AIR Communities to Present at Citi 2024 Global Property CEO Conference. In a post published today on Yahoo Finance, Apartment Income REIT Corp. (“AIR”) (NYSE: AIRC) announced today that Chief Executive Officer, Terry Considine, and CFO, Paul Beldin, will host a roundtable discussion at the Citi 2024 Global Property CEO Conference on Wednesday, March 6, 2024 at 9:35 am Eastern Time.
From an analyst’s perspective:
Apartment Income REIT Corp [NYSE: AIRC] stock has seen the most recent analyst activity on February 28, 2024, when Mizuho downgraded its rating to a Neutral but kept the price target unchanged to $31 for it. On October 24, 2023, Raymond James initiated with a Outperform rating and assigned a price target of $37 on the stock. Wedbush started tracking the stock assigning a Outperform rating and suggested a price target of $37 on October 03, 2023. Truist upgraded its rating to a Buy but $44 remained the price target by the analyst firm on August 28, 2023. BMO Capital Markets upgraded its rating to Outperform for this stock on July 18, 2023, and upped its price target to $42. In a note dated March 15, 2023, BMO Capital Markets upgraded an Market Perform rating on this stock but restated the target price of $39.
Apartment Income REIT Corp experienced fluctuations in its stock price throughout the past year between $28.22 and $38.71. Apartment Income REIT Corp [NYSE: AIRC] shares were valued at $31.42 at the most recent close of the market.
Analyzing the AIRC fundamentals
Trailing Twelve Months sales for Apartment Income REIT Corp [NYSE:AIRC] were 820.22M which represents -5.54% decline. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.84%, and Net Profit Margin reading is 0.78%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.29 and Total Capital is 0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.37.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 31.17 points at the first support level, and at 30.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.59, and for the 2nd resistance point, it is at 31.77.
Apartment Income REIT Corp [AIRC] reported earnings per share of -$0.11 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.08/share, meaning a difference of -$0.19 and a surprise factor of -237.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $4.43 per share as compared to estimates of $0.18 per share, a difference of $4.25 representing a surprise of 2,361.10%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 5.55, the price to book ratio is 1.94 and price to earnings (TTM) ratio is 7.42.
Transactions by insiders
Recent insider trading involved Bohjalian Thomas N, Director, that happened on Feb 23 ’24 when 750.0 shares were purchased. Director, Bohjalian Thomas N completed a deal on Feb 14 ’24 to buy 889.0 shares. Meanwhile, Director Murphy Devin Ignatius bought 2500.0 shares on Mar 22 ’23.
