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

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

Other hedge funds have also made changes to their positions in the company. Belpointe Asset Management LLC increased its holdings in shares of Apartment Income REIT by 356.7% in the first quarter. Belpointe Asset Management LLC now owns 813 shares of the company’s stock valued at $29,000 after purchasing an additional 635 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Apartment Income REIT by 66.7% during the third 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. First Manhattan Co. acquired a new stake in Apartment Income REIT during the first quarter worth $121,000. Quantbot Technologies LP increased its stake in Apartment Income REIT by 148.0% during the first quarter. Quantbot Technologies LP now owns 2,750 shares of the company’s stock worth $147,000 after acquiring an additional 1,641 shares during the last quarter. Finally, EHP Funds Inc. acquired a new stake in Apartment Income REIT during the first quarter worth $246,000. Institutional investors and hedge funds own 98.13% of the company’s stock.

Apartment Income REIT Stock Up 1.7 %

NYSE:AIRC traded up $0.54 during midday trading on Thursday, reaching $32.47. The company had a trading volume of 992,690 shares, compared to its average volume of 1,205,388. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 7.55 and a beta of 0.89. 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 stock’s fifty day simple moving average is $31.94 and its 200-day simple moving average is $31.92. Apartment Income REIT Corp. has a 12-month low of $28.22 and a 12-month high of $37.36.

Apartment Income REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Friday, February 16th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date of this dividend was Thursday, February 15th. Apartment Income REIT’s dividend payout ratio (DPR) is 42.55%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

AIRC has been the subject of several recent analyst reports. Raymond James cut Apartment Income REIT from an “outperform” rating to a “market perform” rating in a research note on Monday, March 18th. TheStreet upgraded Apartment Income REIT from a “d+” rating to a “c” rating in a research report on Tuesday, December 12th. Mizuho lowered Apartment Income REIT from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $37.00 to $31.00 in a research report on Wednesday, February 28th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $34.00 price target on shares of Apartment Income REIT in a research report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Apartment Income REIT currently has an average rating of “Hold” and an average price target of $37.71.

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.