Apartment Income REIT Corp [AIRC] stock is trading at $31.47, up 0.29%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AIRC shares have lost -1.44% over the last week, with a monthly amount glided 1.32%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Apartment Income REIT Corp [NYSE: AIRC] stock has seen the most recent analyst activity on March 18, 2024, when Raymond James downgraded its rating to a Mkt Perform. Previously, Mizuho downgraded its rating to Neutral on February 28, 2024, and kept the price target unchanged to $31. Raymond James started tracking the stock assigning a Outperform rating and suggested a price target of $37 on October 24, 2023. Wedbush initiated its recommendation with a Outperform and recommended $37 as its price target on October 03, 2023. Truist upgraded its rating to Buy for this stock on August 28, 2023, but kept the price target unchanged to $44. In a note dated July 18, 2023, BMO Capital Markets upgraded an Outperform rating on this stock and boosted its target price from $39 to $42.
Apartment Income REIT Corp [AIRC] stock has fluctuated between $28.22 and $37.36 over the past year. Apartment Income REIT Corp [NYSE: AIRC] shares were valued at $31.47 at the most recent close of the market.
Analyzing the AIRC fundamentals
Apartment Income REIT Corp [NYSE:AIRC] reported sales of 820.22M for the trailing twelve months, which represents a drop of -5.54%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.37.
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 31.22 points at the first support level, and at 30.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.81, and for the 2nd resistance point, it is at 32.16.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 5.56, the price to book ratio is 1.94 and price to earnings (TTM) ratio is 7.43.
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.
