BMO Capital Markets raised the price target for the Apartment Income REIT Corp. (NYSE:AIRC) stock from “an Underperform” to “a Market perform”. The rating was released on March 15, 2023, according to finviz. The research report from Goldman has upgraded the stock from Sell to Buy, with a price target set at $43. The stock was resumed by Jefferies, who disclosed in a research note on October 19, 2022, to Hold and set the price objective to $39. In their research brief published July 22, 2022, Jefferies analysts downgraded the Apartment Income REIT Corp. stock from Buy to Hold with a price target of $44.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Apartment Income REIT Corp. (NYSE:AIRC) raised 0.64% to close Wednesday’s market session at $36.18, higher as compared to yesterday’s close. The stock price fluctuated between $35.31 and $36.22 throughout the trading session with the volume trading being 1251380 shares, which represented a significant variation when compared to the three months average volume of 921.40K shares. The firm’s stock price fluctuated -3.42% within the last five trades and -8.45% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -13.84% in the last 6 months and -1.66% was subtracted to its value over the previous 3 months. AIRC stock is trading at a margin of -4.59%, -3.05% and -7.97% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, AIRC deals in the Real Estate domain. The stock is trading -35.18 percent below its 52-week high and 7.77 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -28.8. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Apartment Income REIT Corp.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 13.40 percent and the company has reported a gross margin of 66.20 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $5.66 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Apartment Income REIT Corp. (NYSE:AIRC) is 6.24. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 176.49. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 7.31 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 2.52, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Murphy Devin Ignatius, the Director at Apartment Income REIT Corp. (AIRC) has bought 500 shares of firm on Sep 22 at a price of $39.50 against the total amount of $19750.0. In another inside trade, Rayis John D, Director of Apartment Income REIT Corp. (NYSE:AIRC) bought 1,000 shares of the firm on May 05 for a total worth of $46802.0 at a price of $46.80. An inside trade which took place on May 05, Senior Vice President of Apartment Income REIT Corp. O’Grady Matthew bought 543 shares of firm against total price of $24999.0 at the cost of $46.04 per share.