Apartment Income REIT Corp’s recent filing unveils that its Director Bohjalian Thomas N acquired Company’s shares for reported $23250.0 on Feb 23 ’24. In the deal valued at $31.00 per share,750 shares were bought. As a result of this transaction, Bohjalian Thomas N now holds 20,750 shares worth roughly $0.65 million.
Then, Bohjalian Thomas N bought 889 shares, generating $28,004 in total proceeds. Upon buying the shares at $31.50, the Director now owns 20,000 shares.
Raymond James downgraded its Apartment Income REIT Corp [AIRC] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Mizuho’s analysts, who decreased its forecast for the stock in late February from “a Buy” to “a Neutral”. Raymond James started covering the stock on October 24, 2023. It rated AIRC as “an Outperform”.
Price Performance Review of AIRC
On Friday, Apartment Income REIT Corp [NYSE:AIRC] saw its stock fall -0.38% to $31.35. Over the last five days, the stock has lost -3.45%. Apartment Income REIT Corp shares have fallen nearly -9.73% since the year began. Nevertheless, the stocks have fallen -10.68% over the past one year. While a 52-week high of $37.36 was reached on 01/12/24, a 52-week low of $28.22 was recorded on 03/01/24. SMA at 50 days reached $31.70, while 200 days put it at $32.66. A total of 1.03 million shares were traded, compared to the trading of 0.84 million shares in the previous session.
Levels Of Support And Resistance For AIRC Stock
The 24-hour chart illustrates a support level at 31.14, which if violated will result in even more drops to 30.92. On the upside, there is a resistance level at 31.54. A further resistance level may holdings at 31.72. The Relative Strength Index (RSI) on the 14-day chart is 46.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.50%. Stochastics %K at 32.11% indicates the stock is a holding.
How much short interest is there in Apartment Income REIT Corp?
A steep rise in short interest was recorded in Apartment Income REIT Corp stocks on Mar 15, 2024, growing by 0.94 million shares to a total of 3.24 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.3 million shares. There was a rise of 29.01%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.75% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.6.
The most recent change occurred on October 03, 2023 when Wedbush began covering the stock and recommended ‘”an Outperform”‘ rating along with a $37 price target.
