Apartment Income REIT Corp [AIRC] stock prices are up 22.42% to $38.38 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The AIRC shares have gain 20.77% over the last week, with a monthly amount glided 21.19%, and seem to be holding up well over a long-time horizon.
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On 8, April 2024, Blackstone Real Estate to Take AIR Communities Private for Approximately $10 Billion. In a post published today on Yahoo Finance, Plans to Invest More Than $400 Million to Maintain and Improve Existing Portfolio, Illustrating Commitment to Delivering a Leading Resident Experience.
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.
The stock price of Apartment Income REIT Corp [AIRC] has been fluctuating between $28.22 and $37.36 over the past year. Currently, Wall Street analysts expect the stock to reach $39.12 within the next 12 months. Apartment Income REIT Corp [NYSE: AIRC] shares were valued at $38.38 at the most recent close of the market. An investor can expect a potential return of 1.93% based on the average AIRC price forecast.
Analyzing the AIRC fundamentals
The Apartment Income REIT Corp [NYSE:AIRC] reported sales of 820.22M for trailing twelve months, representing 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 38.31 points at the first support level, and at 38.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.49, and for the 2nd resistance point, it is at 38.60.
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 6.78, the price to book ratio is 2.37 and price to earnings (TTM) ratio is 9.06.
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.
