Values First Advisors Inc. Acquires Shares of 15,202 Apartment Income REIT Corp. (NYSE:AIRC)

Values First Advisors Inc. acquired a new stake in shares of Apartment Income REIT Corp. (NYSE:AIRC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,202 shares of the company’s stock, valued at approximately $528,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Alliancebernstein L.P. boosted its holdings in shares of Apartment Income REIT by 1,327.1% in the second quarter. Alliancebernstein L.P. now owns 3,969,503 shares of the company’s stock worth $143,259,000 after acquiring an additional 3,691,350 shares during the period. Norges Bank purchased a new stake in shares of Apartment Income REIT in the fourth quarter worth $53,319,000. JPMorgan Chase & Co. raised its position in shares of Apartment Income REIT by 12.2% in the third 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. State Street Corp raised its position in shares of Apartment Income REIT by 13.8% in the first quarter. State Street Corp now owns 8,563,449 shares of the company’s stock worth $457,802,000 after buying an additional 1,041,150 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC raised its position in shares of Apartment Income REIT by 195.6% in the third quarter. Lasalle Investment Management Securities LLC now owns 1,555,044 shares of the company’s stock worth $47,740,000 after buying an additional 1,029,054 shares in the last quarter. 98.13% of the stock is owned by institutional investors.

Apartment Income REIT Trading Up 1.7 %

Shares of NYSE AIRC traded up $0.54 during trading hours on Thursday, hitting $32.47. The company’s stock had a trading volume of 992,690 shares, compared to its average volume of 1,205,388. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 7.55 and a beta of 0.89. Apartment Income REIT Corp. has a 12 month low of $28.22 and a 12 month high of $37.36. The business has a 50-day simple moving average of $31.94 and a 200-day simple moving average of $31.92.

Apartment Income REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Friday, February 16th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $1.80 annualized dividend and a dividend yield of 5.54%. Apartment Income REIT’s payout ratio is presently 42.55%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on AIRC shares. Raymond James downgraded Apartment Income REIT from an “outperform” rating to a “market perform” rating in a research report on Monday, March 18th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $34.00 price objective on shares of Apartment Income REIT in a research report on Thursday, February 22nd. TheStreet upgraded Apartment Income REIT from a “d+” rating to a “c” rating in a research report on Tuesday, December 12th. Finally, Mizuho downgraded Apartment Income REIT from a “buy” rating to a “neutral” rating and lowered their price target for the company from $37.00 to $31.00 in a research report on Wednesday, February 28th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Apartment Income REIT currently has a consensus rating of “Hold” and an average price target of $37.71.

Insider Buying and Selling

In other Apartment Income REIT news, Director Thomas N. Bohjalian bought 889 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were bought at an average cost of $31.50 per share, with a total value of $28,003.50. Following the completion of the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at $630,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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.