Summary

38.93 0.01(0.03%)06/17/2024
Apartment Income REIT Corp (AIRC)

Key Facts


1 Day1 Week1 Month3 Months6 Months1 Year5 YearsAll Time
0.090.490.5924.8215.317.050.008.55


Last 730 data points are shown. To view all data, Upgrade to PRO plan with only $1


Trading Data
Close38.93
Open38.91
High38.96
Low38.90
Volume1,102,463
Change0.03
Change %0.09
Avg Volume (20 Days)2,421,229
Volume/Avg Volume (20 Days) Ratio0.46
52 Week Range28.22 - 38.96
Price vs 52 Week High-0.08%
Price vs 52 Week Low37.95%
Range0.05
Gap Up/Down-0.03
Fundamentals
Market Capitalization (Mln)5,620
EBIDTA421,190,016
PE Ratio0.0000
PEG Ratio839.3182
WallStreet Target Price56.10
Book Value9.6690
Earnings Per Share-0.3460
EPS Estimate Current Quarter0.2300
EPS Estimate Next Quarter0.2500
EPS Estimate Current Year0.4700
EPS Estimate Next Year0.7200
Diluted EPS (TTM)-0.3460
Revenues
Profit Marging-0.0699
Operating Marging (TTM)0.1496
Return on asset (TTM)0.0100
Return on equity (TTM)-0.0273
Revenue TTM720,270,016
Revenue per share TTM4.8850
Quarterly Revenue Growth (YOY)0.0770
Quarterly Earnings Growth (YOY)9.0720
Gross Profit (TTM)470,520,000
Dividends
Dividend Share1.3100
Dividend Yield0.0241
Valuations
Trailing PE0.0000
Forward PE101.0101
Price Sales (TTM)0.0000
Price Book (MRQ)5.4068
Revenue Enterprise Value 17.1762
EBITDA Enterprise Value22.9509
Shares
Shares Outstanding156,984,992
Shares Float153,125,150
Shares Short0
Shares Short (Prior Month)0
Shares Ratio0.00
Short Outstanding (%)0.00
Short Float (%)0.00
Insider (%)0.57
Institutions (%)100.72


06/13 08:00 EST - businesswire.com
AIR Communities Announces Proxy Advisory Firm Glass Lewis Joins ISS in Recommending Stockholders Vote “FOR” Proposed Acquisition by Blackstone Real Estate
DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. (NYSE:AIRC) (“AIR Communities” or the “Company”) today announced that Glass, Lewis & Co. (“Glass Lewis”), another leading independent proxy advisory firm, has joined Institutional Shareholder Services Inc. (“ISS”), in recommending that stockholders vote “FOR” the proposal to approve the previously announced all-cash acquisition of the Company by Blackstone Real Estate Partners X (“Blackstone”), at the Company's upcoming Special Meeting of.
06/12 13:20 EST - investorplace.com
7 Small-Cap Value Stocks Leaving the S&P 500 in the Dust
Even as the S&P 500 reaches new highs, some investors view small-cap value stocks as the best option for long-term growth. Concerns are growing about the concentration of investments in index-based stocks.
06/12 08:00 EST - businesswire.com
AIR Communities Announces Proxy Advisory Firm ISS Recommends Stockholders Vote “FOR” Proposed Acquisition by Blackstone
DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. (NYSE:AIRC) (“AIR Communities” or the “Company”) today announced that a leading independent proxy advisory firm, Institutional Shareholder Services Inc. (“ISS”), has recommended that stockholders vote “FOR” the previously announced all-cash acquisition of the Company by Blackstone Real Estate Partners X (“Blackstone”), at the Company's upcoming Special Meeting of Stockholders (the “Special Meeting”) scheduled for June 25, 2024, at 10:00 a.m.
06/03 08:14 EST - seekingalpha.com
Why I Buy Rental Property REITs Instead Of Rental Properties
Many investors - including several of my friends - like investing in rental properties. However, I have chosen the path of rental property REITs instead. I share 8 major advantages that rental property REITs enjoy over buying rental properties directly.
05/20 04:54 EST - https://www.defenseworld.net
Natixis Advisors L.P. Makes New Investment in Apartment Income REIT Corp. (NYSE:AIRC)
Natixis Advisors L.P. acquired a new stake in Apartment Income REIT Corp. (NYSE:AIRC – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,615 shares of the company’s stock, valued at approximately $368,000. Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Duff & Phelps Investment Management Co. lifted its stake in shares of Apartment Income REIT by 4.0% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 2,443,819 shares of the company’s stock valued at $84,874,000 after purchasing an additional 93,750 shares during the last quarter. Invesco Ltd. increased its position in shares of Apartment Income REIT by 2.4% during the third 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. Aew Capital Management L P purchased a new stake in shares of Apartment Income REIT in the 4th quarter valued at approximately $4,072,000. Convergence Investment Partners LLC acquired a new position in shares of Apartment Income REIT in the 4th quarter worth approximately $1,160,000. Finally, Wolverine Asset Management LLC boosted its position in shares of Apartment Income REIT by 353.0% during the 3rd quarter. Wolverine Asset Management LLC now owns 55,317 shares of the company’s stock worth $1,698,000 after purchasing an additional 43,107 shares during the period. 98.13% of the stock is currently owned by institutional investors and hedge funds. Apartment Income REIT Stock Up 0.2 % Apartment Income REIT stock opened at $38.72 on Monday. The stock’s fifty day moving average is $35.75 and its two-hundred day moving average is $33.54. The stock has a market cap of $5.62 billion, a PE ratio of 9.09 and a beta of 0.78. Apartment Income REIT Corp. has a 1-year low of $28.22 and a 1-year high of $38.72. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.63 and a quick ratio of 0.63. Wall Street Analysts Forecast Growth A number of research analysts have commented on AIRC shares. Wedbush restated a “neutral” rating and set a $39.00 price target (up from $35.00) on shares of Apartment Income REIT in a research note on Thursday, April 11th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $34.00 target price on shares of Apartment Income REIT in a research report on Thursday, February 22nd. Janney Montgomery Scott reissued a “neutral” rating on shares of Apartment Income REIT in a research report on Monday, April 8th. Raymond James cut shares of Apartment Income REIT from an “outperform” rating to a “market perform” rating in a report on Monday, March 18th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $39.12 target price (up from $36.00) on shares of Apartment Income REIT in a report on Tuesday, April 9th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $36.59. Read Our Latest Research Report on Apartment Income REIT Apartment Income REIT Company Profile (Free Report) 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.
05/20 03:59 EST - seekingalpha.com
The State Of REITs: May 2024 Edition
With a -4.27% average total return in April, REITs have now seen declines in 3 of the first 4 months of 2024. Micro caps (-2.71%) and small caps (-2.87%) averaged low single digit declines in April, while mid-caps (-5.36%) and large caps (-5.99%) performed even worse. 78.71% of REIT securities had a negative total return in April.
05/20 01:00 EST - https://www.defenseworld.net
Apartment Income REIT (NYSE:AIRC) & Phillips Edison & Company, Inc. (NASDAQ:PECO) Head-To-Head Survey
Apartment Income REIT (NYSE:AIRC – Get Free Report) and Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Free Report) are both mid-cap finance companies, but which is the superior business? We will contrast the two companies based on the strength of their analyst recommendations, risk, profitability, earnings, institutional ownership, valuation and dividends. Dividends Apartment Income REIT pays an annual dividend of $1.80 per share and has a dividend yield of 4.6%. Phillips Edison & Company, Inc. pays an annual dividend of $1.17 per share and has a dividend yield of 3.6%. Apartment Income REIT pays out 42.3% of its earnings in the form of a dividend. Phillips Edison & Company, Inc. pays out 254.4% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Phillips Edison & Company, Inc. has raised its dividend for 1 consecutive years. Apartment Income REIT is clearly the better dividend stock, given its higher yield and lower payout ratio. Analyst Recommendations This is a breakdown of recent ratings and target prices for Apartment Income REIT and Phillips Edison & Company, Inc., as provided by MarketBeat.com. Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Apartment Income REIT 0 8 1 0 2.11 Phillips Edison & Company, Inc. 1 4 3 0 2.25 Apartment Income REIT currently has a consensus price target of $36.59, suggesting a potential downside of 5.50%. Phillips Edison & Company, Inc. has a consensus price target of $38.14, suggesting a potential upside of 17.00%. Given Phillips Edison & Company, Inc.’s stronger consensus rating and higher probable upside, analysts plainly believe Phillips Edison & Company, Inc. is more favorable than Apartment Income REIT. Profitability This table compares Apartment Income REIT and Phillips Edison & Company, Inc.’s net margins, return on equity and return on assets. Net Margins Return on Equity Return on Assets Apartment Income REIT 79.54% 25.86% 10.17% Phillips Edison & Company, Inc. 9.33% 2.21% 1.21% Earnings & Valuation This table compares Apartment Income REIT and Phillips Edison & Company, Inc.’s top-line revenue, earnings per share and valuation. Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Apartment Income REIT $820.04 million 6.85 $635.10 million $4.26 9.09 Phillips Edison & Company, Inc. $610.12 million 6.54 $56.85 million $0.46 70.87 Apartment Income REIT has higher revenue and earnings than Phillips Edison & Company, Inc.. Apartment Income REIT is trading at a lower price-to-earnings ratio than Phillips Edison & Company, Inc., indicating that it is currently the more affordable of the two stocks. Risk and Volatility Apartment Income REIT has a beta of 0.78, meaning that its share price is 22% less volatile than the S&P 500. Comparatively, Phillips Edison & Company, Inc. has a beta of 0.59, meaning that its share price is 41% less volatile than the S&P 500. Insider & Institutional Ownership 98.1% of Apartment Income REIT shares are owned by institutional investors. Comparatively, 80.7% of Phillips Edison & Company, Inc. shares are owned by institutional investors. 1.0% of Apartment Income REIT shares are owned by company insiders. Comparatively, 8.0% of Phillips Edison & Company, Inc. shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term. Summary Apartment Income REIT beats Phillips Edison & Company, Inc. on 11 of the 17 factors compared between the two stocks. About Apartment Income REIT (Get Free Report) 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. The AIR Edge is a durable operating advantage in driving organic growth, as well as making possible the opportunity for excess returns for properties new to AIR's platform. About Phillips Edison & Company, Inc. (Get Free Report) Phillips Edison & Company, Inc. (PECO) is one of the nation's largest owners and operators of omni-channel grocery-anchored shopping centers. Founded in 1991, PECO has generated strong results through its vertically-integrated operating platform and national footprint of well-occupied shopping centers. PECO's centers feature a mix of national and regional retailers providing necessity-based goods and services in fundamentally strong markets throughout the United States. PECO's top grocery anchors include Kroger, Publix, Albertsons and Ahold Delhaize. As of December 31, 2023, PECO managed 301 shopping centers, including 281 wholly-owned centers comprising 32.2 million square feet across 31 states and 20 shopping centers owned in one institutional joint venture. PECO is exclusively focused on creating great omni-channel, grocery-anchored shopping experiences and improving communities, one neighborhood shopping center at a time.
05/14 16:00 EST - businesswire.com
AIR Communities Named a 2024 Top Workplace in South Florida
MIAMI--(BUSINESS WIRE)--Apartment Income REIT Corp. ("AIR" or “AIR Communities”) (NYSE: AIRC) today announced that it has been named a Top Workplace in South Florida by The Sun Sentinel. The annual list of Top Workplaces is administered by Energage and based solely on anonymous employee feedback that measures several aspects of workplace culture, including alignment, execution, and engagement. “We are honored to be named a Top Workplace in South Florida for the second year in a row,” said Vice.
05/13 15:12 EST - investorplace.com
Pocket-Sized Powerhouses: 7 Small-Cap Value Stocks Ready to Roar
As the S&P 500 races toward new highs, some investors see small-cap value stocks as the best bet for long-term growth amid growing concerns about index-based stock concentration. As mega-caps like Nvidia (NASDAQ: NVDA ) disproportionately drive the S&P 500's performance, the index becomes more vulnerable to fluctuations—a few missteps could significantly impact your entire portfolio.
05/10 22:00 EST - prnewswire.com
STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Announces An Investigation of Apartment Income REIT Corp. - AIRC
NEW YORK , May 10, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and is investigating Apartment Income REIT Corp. (NYSE: AIRC) , relating to its proposed merger with Blackstone Real Estate Partners X.
05/10 17:49 EST - businesswire.com
APARTMENT INCOME REIT INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Apartment Income REIT Corp. - AIRC
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Apartment Income REIT Corp. (NYSE: AIRC) to Blackstone Inc. (NYSE: BX). Under the terms of the proposed transaction, shareholders of Apartment Income will receive $39.12 in cash for each share of Apartment Income that they own. KSF is seeking to determine whether this consideration and the process that led to.
05/04 07:30 EST - seekingalpha.com
Billionaire Investors Say 'Buy REITs'
Blackstone has been on a REIT buying spree. Its leaders are self-made billionaires, and they talk highly about REITs. This is not surprising given that they are trading at their lowest valuations in over a decade.
05/01 17:00 EST - businesswire.com
AIR Communities Earns Eleventh Denver Post Top Workplace Award
DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. ("AIR" or “AIR Communities”) (NYSE: AIRC) announced today that it has been named a Top Workplace in Colorado by The Denver Post. This recognition marks AIR's 11th year on the publication's list of top employers. The Top Workplace list is based on team member feedback gathered through an anonymous, third-party survey administered by Energage that measures several aspects of workplace culture, including alignment, execution, and engagement. "Ma.
04/15 20:29 EST - prnewswire.com
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates WIRE, AIRC, INRD
NEW YORK , April 15, 2024 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Encore Wire Corporation (NASDAQ: WIRE)'s  sale to Prysmian for $290.00 per share in cash. If you are an Encore shareholder, click here to learn more about your rights and options.
04/09 22:47 EST - prnewswire.com
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SWAV, AIRC, INRD
NEW YORK , April 9, 2024 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Shockwave Medical, Inc. (NASDAQ: SWAV)'s  sale to Johnson & Johnson for $335.00 per share in cash. If you are a Shockwave shareholder, click here to learn more about your rights and options.
04/09 19:55 EST - prnewswire.com
STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Announces an Investigation of Apartment Income REIT Corp. - AIRC
NEW YORK , April 9, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and is investigating Apartment Income REIT Corp. (NYSE: AIRC), relating to its proposed sale to Blackstone.
04/08 17:16 EST - youtube.com
Blackstone to take Apartment Income REIT private in $10B deal
Blackstone Inc. (BX) is on the path to acquiring Apartment Income REIT Corp. (AIRC) for $10 billion with plans to take the real estate investment firm private. Yahoo Finance Live monitors shares of Apartment Income REIT Corp. following this announcement.
04/08 13:41 EST - youtube.com
Blackstone Sends 'Takeoff' Signal With Big Property Deal
Blackstone Inc.'s purchase of Apartment Income REIT adds to growing investor sentiment that it's now a good time to jump into the battered US property market, Bloomberg's Patrick Clark and Abigail Doolittle report. The firm is so closely watched by competitors that it is "the takeoff for everyone," Clark said.
04/08 12:10 EST - investopedia.com
Blackstone To Take Rental Housing Owner AIR Communities Private in $10B Deal
Blackstone (BX) said Monday that it was taking Apartment Income REIT (AIRC) private in an all-cash deal worth about $10 billion, sending shares in the real estate investment trust (REIT) known as AIR Communities skyrocketing.