Natixis Advisors L.P. Makes New Investment in Apartment Income REIT Corp. (NYSE:AIRC)
Natixis Advisors L.P. acquired a new stake in Apartment Income REIT Corp. (NYSE:AIRC – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,615 shares of the company’s stock, valued at approximately $368,000. Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Duff & Phelps Investment Management Co. lifted its stake in shares of Apartment Income REIT by 4.0% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 2,443,819 shares of the company’s stock valued at $84,874,000 after purchasing an additional 93,750 shares during the last quarter. Invesco Ltd. increased its position in shares of Apartment Income REIT by 2.4% during the third quarter. Invesco Ltd. now owns 975,323 shares of the company’s stock valued at $29,942,000 after acquiring an additional 22,830 shares during the last quarter. Aew Capital Management L P purchased a new stake in shares of Apartment Income REIT in the 4th quarter valued at approximately $4,072,000. Convergence Investment Partners LLC acquired a new position in shares of Apartment Income REIT in the 4th quarter worth approximately $1,160,000. Finally, Wolverine Asset Management LLC boosted its position in shares of Apartment Income REIT by 353.0% during the 3rd quarter. Wolverine Asset Management LLC now owns 55,317 shares of the company’s stock worth $1,698,000 after purchasing an additional 43,107 shares during the period. 98.13% of the stock is currently owned by institutional investors and hedge funds. Apartment Income REIT Stock Up 0.2 % Apartment Income REIT stock opened at $38.72 on Monday. The stock’s fifty day moving average is $35.75 and its two-hundred day moving average is $33.54. The stock has a market cap of $5.62 billion, a PE ratio of 9.09 and a beta of 0.78. Apartment Income REIT Corp. has a 1-year low of $28.22 and a 1-year high of $38.72. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.63 and a quick ratio of 0.63. Wall Street Analysts Forecast Growth A number of research analysts have commented on AIRC shares. Wedbush restated a “neutral” rating and set a $39.00 price target (up from $35.00) on shares of Apartment Income REIT in a research note on Thursday, April 11th. 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. Janney Montgomery Scott reissued a “neutral” rating on shares of Apartment Income REIT in a research report on Monday, April 8th. Raymond James cut shares of Apartment Income REIT from an “outperform” rating to a “market perform” rating in a report on Monday, March 18th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $39.12 target price (up from $36.00) on shares of Apartment Income REIT in a report on Tuesday, April 9th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $36.59. Read Our Latest Research Report on Apartment Income REIT Apartment Income REIT Company Profile (Free Report) 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.
May 20, 2024 | www.defenseworld.net
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