Apartment Income REIT Corp. (NYSE:AIRC) went up by 0.94% from its latest closing price compared to the recent 1-year high of $45.89. The company’s stock price has collected -2.73% of loss in the last five trading sessions. Barron’s reported on 04/03/21 that 2 REIT Stocks See Large Insider Buys
Is It Worth Investing in Apartment Income REIT Corp. (NYSE :AIRC) Right Now?
Opinions of the stock are interesting as 2 analysts out of 11 who provided ratings for Apartment Income REIT Corp. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 9 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $43.00, which is $0.11 above the current price. AIRC currently public float of 148.78M and currently shorts hold a 1.69% ratio of that float. Today, the average trading volume of AIRC was 1.14M shares.
AIRC’s Market Performance
AIRC stocks went down by -2.73% for the week, with a monthly jump of 1.52% and a quarterly performance of 12.88%. The volatility ratio for the week stands at 2.34% while the volatility levels for the past 30 days are set at 2.91% for Apartment Income REIT Corp.. The simple moving average for the period of the last 20 days is -2.26% for AIRC stocks with a simple moving average of 4.79% for the last 200 days.
Analysts’ Opinion of AIRC
Many brokerage firms have already submitted their reports for AIRC stocks, with Guggenheim repeating the rating for AIRC by listing it as a “Buy.” The predicted price for AIRC in the upcoming period, according to Guggenheim is $63 based on the research report published on January 29th of the current year 2021.
Citigroup, on the other hand, stated in their research note that they expect to see AIRC reach a price target of $40. The rating they have provided for AIRC stocks is “Neutral” according to the report published on January 29th, 2021.
Truist gave a rating of “Hold” to AIRC, setting the target price at $41 in the report published on January 22nd of the current year.
AIRC Trading at 1.50% from the 50-Day Moving Average
After a stumble in the market that brought AIRC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.78% of loss for the given period.
Volatility was left at 2.91%, however, over the last 30 days, the volatility rate increased by 2.34%, as shares surge +1.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.10% upper at present.
During the last 5 trading sessions, AIRC fell by -2.73%, in comparison to the 20-day moving average, which settled at $43.81. In addition, Apartment Income REIT Corp. saw 11.38% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at AIRC starting from Beldin Paul, who sale 7,500 shares at the price of $44.85 back on Mar 16. After this action, Beldin Paul now owns 76,038 shares of Apartment Income REIT Corp., valued at $336,372 using the latest closing price.
Kimmel Keith M, the President, Property Operations of Apartment Income REIT Corp., sale 17,000 shares at $41.88 during a trade that took place back on Mar 08, which means that Kimmel Keith M is holding 27,115 shares at $711,979 based on the most recent closing price.
Stock Fundamentals for AIRC
Current profitability levels for the company are sitting at:
- -2.10 for the present operating margin
- +20.79 for the gross margin
The net margin for Apartment Income REIT Corp. stands at -16.06. The total capital return value is set at -0.25, while invested capital returns managed to touch -1.92.
Based on Apartment Income REIT Corp. (AIRC), the company’s capital structure generated 310.06 points at debt to equity in total, while total debt to capital is 75.61. Total debt to assets is 69.00, with long-term debt to equity ratio resting at 321.11. Finally, the long-term debt to capital ratio is 73.71.
When we switch over and look at the enterprise to sales, we see a ratio of 12.52, with the company’s debt to enterprise value settled at 0.48. The receivables turnover for the company is 2.33 and the total asset turnover is 0.11.