Apartment Income REIT Corp. (NYSE:AIRC) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd cut its holdings in shares of Apartment Income REIT Corp. (NYSE:AIRC) by 1.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 41,978 shares of the company’s stock after selling 700 shares during the period. UniSuper Management Pty Ltd’s holdings in Apartment Income REIT were worth $1,363,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of AIRC. Raymond James & Associates grew its position in shares of Apartment Income REIT by 70.6% during the 4th quarter. Raymond James & Associates now owns 19,912 shares of the company’s stock valued at $692,000 after acquiring an additional 8,241 shares during the period. Pacer Advisors Inc. boosted its holdings in Apartment Income REIT by 136.3% in the 4th quarter. Pacer Advisors Inc. now owns 29,481 shares of the company’s stock worth $1,024,000 after buying an additional 17,006 shares during the last quarter. Values First Advisors Inc. acquired a new stake in Apartment Income REIT in the 4th quarter worth about $528,000. Manning & Napier Group LLC boosted its holdings in Apartment Income REIT by 0.5% in the 4th quarter. Manning & Napier Group LLC now owns 92,293 shares of the company’s stock worth $3,205,000 after buying an additional 463 shares during the last quarter. Finally, Quent Capital LLC boosted its holdings in Apartment Income REIT by 437.5% in the 4th quarter. Quent Capital LLC now owns 860 shares of the company’s stock worth $30,000 after buying an additional 700 shares during the last quarter. 98.13% of the stock is currently owned by institutional investors and hedge funds.

Apartment Income REIT Price Performance

NYSE:AIRC remained flat at $39.08 during trading hours on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.20. The firm’s fifty day simple moving average is $38.91 and its 200-day simple moving average is $35.82. Apartment Income REIT Corp. has a fifty-two week low of $28.22 and a fifty-two week high of $39.10. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 9.17 and a beta of 0.77.

Analysts Set New Price Targets

AIRC has been the topic of several research analyst reports. Wolfe Research reiterated a “peer perform” rating on shares of Apartment Income REIT in a report on Thursday, April 11th. Truist Financial decreased their target price on shares of Apartment Income REIT from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Tuesday, April 9th. Janney Montgomery Scott reissued a “neutral” rating on shares of Apartment Income REIT in a research note on Monday, April 8th. Wedbush reissued a “neutral” rating and issued a $39.00 target price (up from $35.00) on shares of Apartment Income REIT in a research note on Thursday, April 11th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $39.12 target price (up from $36.00) on shares of Apartment Income REIT in a research note on Tuesday, April 9th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $36.59.

Apartment Income REIT Company 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.