Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Apartment Income REIT Corp. shares valued at $24,999 were purchased by O’Grady Matthew on May 05. At $46.04 per share, O’Grady Matthew acquired 543 shares. The insider’s holdings grew to 19,540 shares worth approximately $0.8 million following the completion of this transaction.
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Also, Minix Joshua purchased 548 shares, netting a total of over 24,958 in proceeds. Following the buying of shares at $45.54 each, the insider now holds 548 shares.
Before that, Rayis John D had added 1,000 shares to its account. In a trade valued at $46,802, the Director bought Apartment Income REIT Corp. shares for $46.80 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $0.34 million.
As published in their initiating research note from BTIG Research on May 09, 2022, Apartment Income REIT Corp. [AIRC] has been a Neutral. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of December 14, 2021, Citigroup has increased its “Neutral” rating to a “Buy” for AIRC.
Analyzing AIRC’s Price Performance
On Wednesday, Apartment Income REIT Corp. [NYSE: AIRC] rose 0.97% to $40.79. The stock’s lowest price that day was $40.12, but it reached a high of $41.48 in the same session. During the last five days, there has been a surge of approximately 3.42%. Over the course of the year, Apartment Income REIT Corp. shares have dropped approximately -25.39%. Shares of the company reached a 52-week high of $55.82 on 04/21/22 and a 52-week low of $39.06 on 06/16/22. A 50-day SMA is recorded $46.02, while a 200-day SMA reached $50.70. Nevertheless, trading volume fell to 1.67 million shares from 0.76 million shares the previous day.
Support And Resistance Levels for Apartment Income REIT Corp. (AIRC)
According to the 24-hour chart, there is a support level at 40.11, which, if violated, would cause prices to drop to 39.44. In the upper region, resistance lies at 41.47. The next price resistance is at 42.16. RSI (Relative Strength Index) is 37.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.04, which suggests the price will decrease in the coming days. Percent R is at 69.54%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Which companies own the most shares of Apartment Income REIT Corp. (AIRC)?
According to Cohen & Steers Capital Management filings, the company currently owns 23,459,100 shares, which is about 14.93% of the total AIRC shares outstanding. The investor’s shares have plunged by -3,092,716 from its previous 13-F filing of 26551816.0 shares. With the completion of the buy, The Vanguard Group, Inc.’s stake is now worth $1,012,330,723. BlackRock Fund Advisors reduced a -0.52% interest valued at $653.96 million while Principal Global Investors LLC purchased a 273,099 stake. A total of 1,041,150 shares of Apartment Income REIT Corp. were bought by SSgA Funds Management, Inc. during the quarter, and 100,366 were bought by Principal Real Estate Investors L. In its current portfolio, Daiwa Asset Management Co. Ltd. holds 3,440,702 shares valued at $154.35 million.
In terms of Apartment Income REIT Corp. share price expectations, FactSet research, analysts set an average price target of $53.20 in the next 12 months, up nearly 26.24% from the previous closing price of $40.40. Analysts anticipate Apartment Income REIT Corp. stock to reach $60.00 by 2022, with the lowest price target being $46.00. In spite of this, 12 analysts ranked Apartment Income REIT Corp. stock as an Overweight at the end of 2022. On June 03, 2021, Mizuho assigned a price target of “a Buy” to the stock and upgraded coverage with a $53.