Momentum Is Strong For Apartment Income REIT Corp (NYSE: AIRC)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed AIR Communities Announces Quarterly Common Dividend of $0.45 Per Share.

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Stocks Info

This NYSE-listed company operates within the REIT – Residential industry segment, falling under the Real Estate sector. At the end of the last regular session, the stock closed at $33.03 and fluctuated between $33.03 as its day high and $32.23 as its day low. The current market capitalization of Apartment Income REIT Corp is $4.86B. A total of 2.68 million shares were traded on the day, compared to an average of 1.29M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, AIRC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 2 BUYs and 1 SELLs from insiders. Insiders purchased 3,500 shares during that period but sold 8,000.

In the most recent transaction, Murphy Devin Ignatius bought 2,500 shares of AIRC for 34.00 per share on Mar 22. After the transaction, the Director now owns 11,386 company shares. In a previous transaction on Mar 17, Rayis John D bought 1,000 shares at 34.48 per share. AIRC shares that Director owns now total 9,412.

Among the insiders who sold shares, Kimmel Keith M disposed of 8,000 shares on Mar 15 at a per-share price of $35.75. This resulted in the President, Property Operations holding 34,345 shares of AIRC after the transaction.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Apartment Income REIT Corp pays an annual dividend of $1.80, resulting in a dividend yield of 5.45%, and it has a price to earnings (P/E) ratio of 5.07. AIRC’s most recent ex-dividend date was 2/15/2024 when it declared a $0.45 quarterly dividend that was paid in cash on 2/27/2024. Previously, the company paid the dividend on 11/30/2023 with an ex-dividend date of 11/16/2023. The AIRC stock dividend was $0.45 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, AIRC has a high of $40.28 and a low of $28.22.

As of this writing, AIRC has an earnings estimate of $0.08 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.16 per share and a lower estimate of -$0.05. The company reported an EPS of -$0.01 in the last quarter, which was -150.00% lower than expectations of $0.02.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. AIRC’s latest balance sheet shows that the firm has $67.32M in Cash & Short Term Investments as of fiscal 2021. There were $3.74B in debt and $982.55M in liabilities at the time. Its Book Value Per Share was $17.05, while its Total Shareholder’s Equity was $2.02B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AIRC is Buy with a score of 4.18.

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