State of Wisconsin Investment Board Invests $3.79 Million in Apartment Income REIT Corp. (NYSE:AIRC)

State of Wisconsin Investment Board purchased a new position in shares of Apartment Income REIT Corp. (NYSE:AIRC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 98,558 shares of the company’s stock, valued at approximately $3,786,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Optimum Investment Advisors acquired a new stake in shares of Apartment Income REIT during the 4th quarter worth about $103,000. IBM Retirement Fund acquired a new stake in shares of Apartment Income REIT during the 4th quarter worth about $206,000. CIBC Asset Management Inc acquired a new stake in shares of Apartment Income REIT during the 4th quarter worth about $210,000. Whittier Trust Co. acquired a new stake in shares of Apartment Income REIT during the 4th quarter worth about $217,000. Finally, Bailard Inc. acquired a new stake in shares of Apartment Income REIT during the 4th quarter worth about $233,000.

Several research firms have weighed in on AIRC. Truist downgraded Apartment Income REIT from a “buy” rating to a “hold” rating and lifted their target price for the company from $40.00 to $41.00 in a research report on Friday, January 22nd. Zelman & Associates began coverage on Apartment Income REIT in a research report on Thursday, December 17th. They issued a “sell” rating for the company. The Goldman Sachs Group began coverage on Apartment Income REIT in a research report on Thursday, January 7th. They issued a “neutral” rating and a $40.00 target price for the company. Mizuho began coverage on Apartment Income REIT in a research report on Friday, December 18th. They issued a “neutral” rating and a $40.00 target price for the company. Finally, Janney Montgomery Scott began coverage on Apartment Income REIT in a research report on Wednesday, January 6th. They issued a “buy” rating and a $40.00 target price for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $42.33.

Shares of Apartment Income REIT stock opened at $42.75 on Tuesday. Apartment Income REIT Corp. has a one year low of $35.99 and a one year high of $43.13. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.60 and a quick ratio of 1.60. The stock’s 50-day moving average is $39.64.

Apartment Income REIT (NYSE:AIRC) last announced its quarterly earnings data on Tuesday, February 9th. The company reported ($0.60) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.50). On average, sell-side analysts predict that Apartment Income REIT Corp. will post 2.19 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 26th. Investors of record on Friday, February 12th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend is Thursday, February 11th.

Apartment Income REIT Company Profile

There is no company description available for Apartment Income REIT Corp.

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Institutional Ownership by Quarter for Apartment Income REIT (NYSE:AIRC)

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