Yousif Capital Management LLC Has $2.56 Million Holdings in Apartment Income REIT Corp. (NYSE:AIRC)

Yousif Capital Management LLC cut its position in Apartment Income REIT Corp. (NYSE:AIRC) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,583 shares of the company’s stock after selling 738 shares during the quarter. Yousif Capital Management LLC owned about 0.05% of Apartment Income REIT worth $2,556,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC grew its holdings in Apartment Income REIT by 64.2% during the fourth quarter. CWM LLC now owns 1,281 shares of the company’s stock worth $44,000 after purchasing an additional 501 shares during the period. Signaturefd LLC bought a new position in shares of Apartment Income REIT during the 4th quarter worth approximately $37,000. Federated Hermes Inc. increased its holdings in shares of Apartment Income REIT by 7.0% during the 4th quarter. Federated Hermes Inc. now owns 15,963 shares of the company’s stock worth $554,000 after acquiring an additional 1,045 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Apartment Income REIT by 2.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 71,832 shares of the company’s stock worth $2,495,000 after acquiring an additional 1,572 shares during the last quarter. Finally, Strs Ohio bought a new stake in Apartment Income REIT in the 4th quarter valued at $6,383,000. 98.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Thomas N. Bohjalian bought 889 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was bought at an average cost of $31.50 per share, for a total transaction of $28,003.50. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at $630,000. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Apartment Income REIT Stock Performance

Shares of AIRC stock opened at $38.41 on Tuesday. The stock has a market cap of $5.57 billion, a P/E ratio of 9.08 and a beta of 0.90. Apartment Income REIT Corp. has a 1 year low of $28.22 and a 1 year high of $38.68. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.10. The stock has a 50 day simple moving average of $33.64 and a 200 day simple moving average of $32.74.

Apartment Income REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Friday, February 16th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend was Thursday, February 15th. Apartment Income REIT’s dividend payout ratio (DPR) is currently 42.55%.

Analyst Ratings Changes

AIRC has been the topic of several research reports. Raymond James downgraded shares of Apartment Income REIT from an “outperform” rating to a “market perform” rating in a report on Monday, March 18th. Mizuho lowered shares of Apartment Income REIT from a “buy” rating to a “neutral” rating and decreased their price target for the company from $37.00 to $31.00 in a research note on Wednesday, February 28th. Janney Montgomery Scott restated a “neutral” rating on shares of Apartment Income REIT in a research report on Monday, April 8th. 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. Finally, BMO Capital Markets reissued a “market perform” rating and set a $39.12 price target (up from $36.00) on shares of Apartment Income REIT in a report on Tuesday, April 9th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $36.59.

Apartment Income REIT Profile

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.