Are Investors Unfairly Punishing Apartment Income REIT Corp. (NYSE:AIRC)?

Apartment Income REIT Corp. (NYSE:AIRC) The stock’s Relative Strength Index (RSI) is 48.01, with weekly volatility at 2.34% and ATR at 1.23. The AIRC stock’s 52-week price range has touched low of $35.99 and a $45.89 high. Its shares traded higher over the last trading session, gaining 0.94% on 04/07/21. The shares fell to a low of $42.22 before closing at $42.78. Intraday shares traded counted 1.47 million, which was -28.86% lower than its 30-day average trading volume of 1.14M. AIRC’s previous close was $42.38 while the outstanding shares total 148.99M.

Investors have identified the REIT – Residential company Apartment Income REIT Corp. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $6.34 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

Having a look at the company’s valuation, the company is expected to record 2.09 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on AIRC sounds very interesting.

Is the stock of AIRC attractive?

In related news, Executive Vice President – CFO, Beldin Paul sold 7,500 shares of the company’s stock in a transaction that recorded on Mar 16. The sale was performed at an average price of 44.85, for a total value of 336,372. As the sale deal closes, the President, Property Operations, Kimmel Keith M now sold 17,000 shares of the company’s stock, valued at 711,979. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.40%.

2 out of 11 analysts covering the stock have rated it a Buy, while 9 have maintained a Hold recommendation on Apartment Income REIT Corp.. 0 analysts has assigned a Sell rating on the AIRC stock. The 12-month mean consensus price target for the company’s shares has been set at $42.89.


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