Apartment Income REIT Corp. (NYSE:AIRC) Shares Bought by Cwm LLC

Cwm LLC increased its position in Apartment Income REIT Corp. (NYSE:AIRC) by 64.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,281 shares of the company’s stock after acquiring an additional 501 shares during the period. Cwm LLC’s holdings in Apartment Income REIT were worth $44,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in Apartment Income REIT by 12.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,572,680 shares of the company’s stock worth $416,681,000 after buying an additional 1,470,804 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Apartment Income REIT by 2.4% during the third quarter. Principal Financial Group Inc. now owns 9,131,443 shares of the company’s stock valued at $280,334,000 after purchasing an additional 213,160 shares during the period. FMR LLC lifted its holdings in Apartment Income REIT by 7.7% in the third quarter. FMR LLC now owns 5,758,309 shares of the company’s stock worth $176,780,000 after purchasing an additional 411,299 shares during the period. Charles Schwab Investment Management Inc. grew its position in Apartment Income REIT by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,082,376 shares of the company’s stock valued at $63,929,000 after buying an additional 107,786 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Apartment Income REIT by 5.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,831,113 shares of the company’s stock valued at $56,215,000 after buying an additional 93,029 shares during the period. 98.13% of the stock is currently owned by institutional investors.

Apartment Income REIT Stock Performance

Shares of AIRC opened at $38.59 on Friday. Apartment Income REIT Corp. has a one year low of $28.22 and a one year high of $38.70. The company has a 50-day moving average of $34.88 and a two-hundred day moving average of $33.11. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 9.12 and a beta of 0.78.

Analyst Ratings Changes

Several research analysts have recently issued reports on AIRC shares. The Goldman Sachs Group reiterated a “neutral” rating and issued a $34.00 price objective on shares of Apartment Income REIT in a report on Thursday, February 22nd. Truist Financial dropped their price objective on Apartment Income REIT from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Tuesday, April 9th. Raymond James lowered Apartment Income REIT from an “outperform” rating to a “market perform” rating in a report on Monday, March 18th. Mizuho downgraded shares of Apartment Income REIT from a “buy” rating to a “neutral” rating and cut their price target for the company from $37.00 to $31.00 in a report on Wednesday, February 28th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Apartment Income REIT in a report on Thursday, April 11th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $36.59.

Insider Activity at Apartment Income REIT

In other Apartment Income REIT news, Director Thomas N. Bohjalian bought 889 shares of Apartment Income REIT stock in a transaction dated Wednesday, February 14th. The stock was bought at an average price of $31.50 per share, for a total transaction of $28,003.50. Following the completion of the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at $630,000. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.00% of the stock is owned by insiders.

About Apartment Income REIT

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.