Apartment Income REIT Corp. which can be found using ticker (AIRC) now have 9 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The target price High/Low ranges between 42 and 38 with the average target price sitting at $39.78. Given that the stocks previous close was at $35.40 this indicates there is a potential upside of 12.4%. It’s also worth noting that there is a 50 day moving average of $35.30 and the 200 moving average now moves to $37.56. The company has a market capitalization of 5.25B. The current share price for the company is: 35.18 USD
The potential market cap would be $5,898,290,797 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 10.53, revenue per share of 5.27 and a 1.26% return on assets.
Apartment Income REIT Corp. is a self-administered and self-managed real estate investment trust (REIT). The Company is focused on investing in United States multi-family real estate. The Company operates through two segments: Same Store and Other Real Estate. Its Same Store segment includes communities that are owned and managed by the Company and have reached a stabilized level of operations. Its Other Real Estate segment includes communities that it expects to sell or lease to a third party, but do not meet the criteria to be classified as held for sale. The Company’s portfolio includes approximately 74 apartment communities with 25,301 apartment homes. Its business and assets are managed by Apartment Income REIT, L.P. (the Operating Partnership). Its stabilized multi-family properties are located in several markets in the United States, such as Boston, Philadelphia, Greater Washington, D.C., Miami, Denver, the San Francisco Bay Area, Los Angeles and San Diego.
