Qube Research & Technologies Ltd Raises Stock Position in Apartment Income REIT Corp. (NYSE:AIRC)

Qube Research & Technologies Ltd raised its holdings in shares of Apartment Income REIT Corp. (NYSE:AIRCFree Report) by 2,009.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 244,518 shares of the company’s stock after buying an additional 232,925 shares during the quarter. Qube Research & Technologies Ltd owned about 0.17% of Apartment Income REIT worth $7,507,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AIRC. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Apartment Income REIT by 7.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 10,859 shares of the company’s stock worth $581,000 after buying an additional 784 shares in the last quarter. Natixis Advisors L.P. grew its holdings in shares of Apartment Income REIT by 39.1% during the first quarter. Natixis Advisors L.P. now owns 15,307 shares of the company’s stock worth $818,000 after buying an additional 4,306 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Apartment Income REIT by 11.2% during the first quarter. Allianz Asset Management GmbH now owns 329,852 shares of the company’s stock worth $17,634,000 after buying an additional 33,198 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Apartment Income REIT by 0.5% during the first quarter. Vanguard Group Inc. now owns 22,913,074 shares of the company’s stock worth $1,224,933,000 after buying an additional 119,016 shares in the last quarter. Finally, Cibc World Markets Corp grew its holdings in shares of Apartment Income REIT by 0.7% in the first quarter. Cibc World Markets Corp now owns 79,022 shares of the company’s stock valued at $4,225,000 after purchasing an additional 543 shares during the period. Hedge funds and other institutional investors own 98.13% of the company’s stock.

Analysts Set New Price Targets

AIRC has been the subject of a number of analyst reports. Mizuho lowered shares of Apartment Income REIT from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $37.00 to $31.00 in a report on Wednesday, February 28th. TheStreet raised shares of Apartment Income REIT from a “d+” rating to a “c” rating in a research report on Tuesday, December 12th. Finally, 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. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.71.

Read Our Latest Stock Analysis on Apartment Income REIT

Apartment Income REIT Stock Up 0.7 %

Shares of NYSE:AIRC opened at $31.05 on Tuesday. The firm’s 50 day moving average price is $33.08 and its 200 day moving average price is $32.13. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of 7.34 and a beta of 0.89. Apartment Income REIT Corp. has a fifty-two week low of $28.22 and a fifty-two week high of $38.71. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.10.

Apartment Income REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Friday, February 16th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $1.80 annualized dividend and a dividend yield of 5.80%. Apartment Income REIT’s dividend payout ratio is presently 42.55%.

Insider Transactions at Apartment Income REIT

In related news, Director Thomas N. Bohjalian acquired 889 shares of Apartment Income REIT stock in a transaction dated Wednesday, February 14th. The stock was acquired at an average price of $31.50 per share, for a total transaction of $28,003.50. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at $630,000. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

About Apartment Income REIT

(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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