AIRC Company Profile and Key Details

Short-term trend indicators are bearishly aligned (SMA20 0.55%, SMA50 1.02%, SMA200 15.65%). The stock’s 14-day RSI is 77.48 (overbought), while the ATR of 0.09 points to tighter daily ranges. The stock remains hovering near 52-week lows, trading -0.05% below its high and over 38.48% above its low.

Apartment Income REIT Corp. has 145.10 million shares outstanding. The public float is 143.83 million shares, elevated short interest at 6.33% of float. This equals 6.69 million shares. The short ratio is 1.94 days. Institutional investors hold 103.33% of the float. Insiders own 0.71%. COHN LISA R holds 93.86 thousand shares, Beldin Paul has 53.73 thousand shares and NELSON KATHLEEN M. has 40.04 thousand shares.

The latest quarter delivered EPS of $0.58. The next quarter is forecast at $0.03. Next year's EPS is expected at -$93.16. Apartment Income REIT Corp. earnings surprise history is a mixed track record. The quarter that ended July 25, 2024, missed forecasts by 1833.33%. The prior quarter beat by -107.78%. Over the last six quarters, Apple has recorded several small beats. These include -98.31% in July 27, 2023.

Our AI price prediction model suggests that Apartment Income REIT Corp. stock has strong potential for upside but may face short-term weakness followed by gains in the medium and long term. 2-Week Outlook: Projected increase of 0.49%, with price expected at $39.27 by July 11, 2024, within a range of $37.43 to $41.12 3-Month Outlook: Projected fall of -30.04%, reaching $27.34 by September 25, 2024, with a range of $25.14 to $29.15. 1-Year Outlook: Projected gain of 11.44%, with price at $43.55 by June 27, 2025, within a range of $42.21 to $44.75.

Apartment Income REIT Corp. (NYSE:AIRC) shares are up 12.53% year-to-date currently trading near 52-week highs band. Short-term momentum has been positive over the last quarter, despite recent volatility. Valuation shows Apartment Income REIT Corp. trading at a premium to the broader market with a P/E of 9.1. Analyst sentiment is cautious, with the majority of ratings in Neutral territory and a mean price target of $42.75, suggesting 9.39% upside. Our AI forecast model points to short-term strength (0.49% over two weeks), a medium-term fall (-30.04% over three months), and a longer-term gain (11.44% over one year), with expected trading ranges indicating moderate volatility.

Apartment Income REIT Corp. last paid a dividend of 1.8 per share, this equals a trailing yield of roughly 3.45%. Dividend and splits history remains an important factor for investors monitoring long-term returns. A discounted cash flow model estimates fair value at around -$7.73. This means the shares are trading below this model’s fair value.

Apartment Income REIT Corp. (NYSE:AIRC) closed at $39.08 USD, losing -$0.01 (-0.03%) from the previous close of $39.09. The stock is currently trading near its 52-week high $28.22 and $39.10. With a market capitalization of about $5.67 billion, Apartment Income REIT Corp. is classified as a mid-cap and shows lower-than-market volatility (beta ~0.77). Key stats such as the average daily volume over the past year has been around 3.83 million shares, trading with heavier-than-usual volume. Headquartered in Denver, CO, Apartment Income REIT Corp. operates in the Real Estate sector and the REIT - Residential industry. Led by CEO Terry Considine, the company employs approximately 760 people and listed since December 15, 2020. AIR is a real estate investment trust focused on the ownership and management of quality apartment communities located in the largest markets in the United States.

Apartment Income REIT Corp. trades at a P/E ratio of 9.1, slightly below the S&P 500 average, with a price-to-sales ratio of 6.92 and a price-to-book ratio of 2.46 suggesting the stock is closer to book value. The P/FCF stands at 14.62, also above market averages.