Apartment Income REIT (AIRC) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $39.08 to $39.08
• 50-Day Range: $38.65 to $39.09
• 52-Week Range: $28.22 to $39.10
• Volume: N/A
• Average Volume: 2.81 million shs
• Market Capitalization: $5.67 billion
• P/E Ratio: 9.17
• Dividend Yield: 4.61%
• Price Target: $36.02
• Consensus Rating: Hold

Apartment Income REIT Stock Analysis - MarketRank™

Apartment Income REIT scored higher than 27% of companies evaluated by MarketBeat, and ranked 849th out of 945 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.1 / 5
• Analyst Rating: Hold

Consensus Rating

Apartment Income REIT has received a consensus rating of Hold. The company's average rating score is 2.13, and is based on 1 buy rating, 7 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Apartment Income REIT has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 3.80%

Earnings Growth

Earnings for Apartment Income REIT are expected to grow by 3.80% in the coming year, from $2.37 to $2.46 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Apartment Income REIT is 9.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.31.

Price to Earnings Ratio vs. Sector

The P/E ratio of Apartment Income REIT is 9.17, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.03.

Price to Book Value per Share Ratio

Apartment Income REIT has a P/B Ratio of 2.25. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for AIRC.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Apartment Income REIT is a leading dividend payer. It pays a dividend yield of 4.61%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Apartment Income REIT does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Apartment Income REIT is 42.25%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Apartment Income REIT will have a dividend payout ratio of 73.17% next year. This indicates that Apartment Income REIT will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for AIRC.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

Search Interest

1 people have searched for AIRC on MarketBeat in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Apartment Income REIT insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.00% of the stock of Apartment Income REIT is held by insiders.

Percentage Held by Institutions

98.13% of the stock of Apartment Income REIT is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

AIRC Stock Analysis - Frequently Asked Questions

How were Apartment Income REIT's earnings last quarter?

Apartment Income REIT Corp. (NYSE:AIRC) released its quarterly earnings results on Thursday, July, 28th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $1.04. Apartment Income REIT had a trailing twelve-month return on equity of 25.86% and a net margin of 79.54%.

What other stocks do shareholders of Apartment Income REIT own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Apartment Income REIT investors own include Net Lease Office Properties (NLOP), YETI (YETI), NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Academy Sports and Outdoors (ASO) and Advanced Micro Devices (AMD).

Company Calendar

• Last Earnings: 7/28/2022
• Today: 12/03/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Personal Services
• Current Symbol: NYSE:AIRC
• CUSIP: N/A
• CIK: 1820877
• Web: www.aircommunities.com
• Phone: 303-757-8101
• Fax: N/A
• Employees: 760
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $36.02
• High Stock Price Target: $39.12
• Low Stock Price Target: $31.00
• Potential Upside/Downside: -7.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.13
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.26
• Trailing P/E Ratio: 9.17
• Forward P/E Ratio: 16.49
• P/E Growth: N/A
• Net Income: $635.10 million
• Net Margins: 79.54%
• Pretax Margin: 86.78%
• Return on Equity: 25.86%
• Return on Assets: 10.17%

Debt

• Debt-to-Equity Ratio: 1.20
• Current Ratio: 0.63
• Quick Ratio: 0.63

Sales & Book Value

• Annual Sales: $820.04 million
• Price / Sales: 6.91
• Cash Flow: $6.65 per share
• Price / Cash Flow: 5.88
• Book Value: $17.34 per share
• Price / Book: 2.25

Miscellaneous

• Outstanding Shares: 145,100,000
• Free Float: 143,653,000
• Market Cap: $5.67 billion
• Optionable: Optionable
• Beta: 0.77