Los Angeles Capital Management LLC Acquires 184,513 Shares of Apartment Income REIT Corp. (NYSE:AIRC)

Los Angeles Capital Management LLC raised its holdings in shares of Apartment Income REIT Corp. (NYSE:AIRC) by 1,725.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 195,206 shares of the company’s stock after buying an additional 184,513 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Apartment Income REIT were worth $6,780,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its stake in shares of Apartment Income REIT by 66.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 882 shares of the company’s stock worth $27,000 after acquiring an additional 353 shares during the last quarter. Quent Capital LLC boosted its stake in shares of Apartment Income REIT by 437.5% during the fourth quarter. Quent Capital LLC now owns 860 shares of the company’s stock valued at $30,000 after purchasing an additional 700 shares during the period. Signaturefd LLC bought a new position in shares of Apartment Income REIT in the fourth quarter worth about $37,000. CWM LLC grew its holdings in shares of Apartment Income REIT by 64.2% in the fourth quarter. CWM LLC now owns 1,281 shares of the company’s stock worth $44,000 after purchasing an additional 501 shares during the last quarter. Finally, Denali Advisors LLC lifted its holdings in Apartment Income REIT by 926.2% during the 4th quarter. Denali Advisors LLC now owns 2,268 shares of the company’s stock valued at $79,000 after buying an additional 2,047 shares in the last quarter. Hedge funds and other institutional investors own 98.13% of the company’s stock.

Apartment Income REIT Trading Up 0.3 %

Shares of AIRC stock opened at $38.58 on Friday. The business’s 50 day moving average is $34.21 and its two-hundred day moving average is $32.92. Apartment Income REIT Corp. has a twelve month low of $28.22 and a twelve month high of $38.68. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $5.60 billion, a P/E ratio of 9.12 and a beta of 0.78.

Analyst Ratings Changes

Several brokerages recently issued reports on AIRC. Wolfe Research reissued a “peer perform” rating on shares of Apartment Income REIT in a research note on Thursday, April 11th. Janney Montgomery Scott restated a “neutral” rating on shares of Apartment Income REIT in a research note on Monday, April 8th. BMO Capital Markets reiterated a “market perform” rating and issued a $39.12 price target (up previously from $36.00) on shares of Apartment Income REIT in a report on Tuesday, April 9th. Mizuho downgraded shares of Apartment Income REIT from a “buy” rating to a “neutral” rating and decreased their target price for the company from $37.00 to $31.00 in a research report on Wednesday, February 28th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $34.00 price target on shares of Apartment Income REIT in a research report on Thursday, February 22nd. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $36.59.

Insider Buying and Selling

In other Apartment Income REIT news, Director Thomas N. Bohjalian bought 889 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was purchased at an average cost of $31.50 per share, for a total transaction of $28,003.50. Following the acquisition, the director now owns 20,000 shares of the company’s stock, valued at approximately $630,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by corporate 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.