Metis Global Partners LLC Purchases 948 Shares of Apartment Income REIT Corp. (NYSE:AIRC)

Metis Global Partners LLC lifted its position in Apartment Income REIT Corp. (NYSE:AIRCFree Report) by 10.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,699 shares of the company’s stock after purchasing an additional 948 shares during the quarter. Metis Global Partners LLC’s holdings in Apartment Income REIT were worth $337,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of AIRC. Bank of New York Mellon Corp grew its position in Apartment Income REIT by 5.4% during the third quarter. Bank of New York Mellon Corp now owns 1,831,113 shares of the company’s stock valued at $56,215,000 after acquiring an additional 93,029 shares during the last quarter. New York State Teachers Retirement System grew its holdings in shares of Apartment Income REIT by 6.1% during the 3rd quarter. New York State Teachers Retirement System now owns 199,564 shares of the company’s stock valued at $6,127,000 after purchasing an additional 11,465 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Apartment Income REIT by 4.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,260 shares of the company’s stock worth $2,157,000 after purchasing an additional 3,201 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Apartment Income REIT by 87.6% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,323,687 shares of the company’s stock worth $40,637,000 after purchasing an additional 618,134 shares during the last quarter. Finally, Perigon Wealth Management LLC purchased a new stake in Apartment Income REIT during the third quarter valued at about $257,000. 98.13% of the stock is currently owned by institutional investors.

Apartment Income REIT Trading Up 0.0 %

Shares of AIRC opened at $38.60 on Friday. Apartment Income REIT Corp. has a 1-year low of $28.22 and a 1-year high of $38.70. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 9.13 and a beta of 0.78. The firm’s 50-day moving average price is $35.03 and its 200-day moving average price is $33.19. The company has a current ratio of 0.63, a quick ratio of 0.65 and a debt-to-equity ratio of 1.20.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on AIRC shares. Raymond James lowered Apartment Income REIT from an “outperform” rating to a “market perform” rating in a research note on Monday, March 18th. Wedbush reiterated a “neutral” rating and issued a $39.00 price objective (up previously from $35.00) on shares of Apartment Income REIT in a research report 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 note on Thursday, February 22nd. Mizuho lowered shares of Apartment Income REIT from a “buy” rating to a “neutral” rating and cut their price target for the stock from $37.00 to $31.00 in a report on Wednesday, February 28th. 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 research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $36.59.

View Our Latest Analysis on AIRC

Insider Buying and Selling at Apartment Income REIT

In other news, Director Thomas N. Bohjalian bought 889 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was purchased at an average price of $31.50 per share, with a total value of $28,003.50. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at $630,000. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.

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.

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Institutional Ownership by Quarter for Apartment Income REIT (NYSE:AIRC)

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