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Apartment Income REIT Corp Class A AIRC Stock Quote

| Rating as of

NYSE: AIRC

Last close prices updated as of Feb 03, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 38.76
  • Sector Real Estate
  • Industry REIT - Residential
  • Investment Style Small Growth
  • Day Range 38.36  –  39.24
  • Year Range 33.57  –  55.82
  • Market Cap 5.8112 Bil
  • Volume / Avg 564,179.0 /  955,216.2
  • Price / Sales 8.02
  • Price / Book 2.85
  • Forward Div Yield 4.64%
  • Trailing Div Yield 5.80%

Morningstar‘s Stock Analysis AIRC

Valuation
Currency in
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Continued Same-Store Growth Will Drive Results for Apartment Income REIT

Kevin Brown Senior Analyst

Business Strategy and Outlook

| Kevin Brown |

Apartment Income REIT has significantly slimmed down the portfolio of multifamily buildings it owns over the past decade to just its best assets. The company invests in metropolitan markets with solid demographic trends that allow the company to maintain high occupancies and pass along consistent rent increases. Demand for apartments depends on economic conditions in their markets like job growth, income growth, decreasing homeownership rates, high relative cost of single-family housing, and attractive urban centers. Apartment Income's portfolio is typically more suburban than its multifamily REIT peers, which has put it at a slight disadvantage over the past economic cycle but should favor growth in the company as millennials move from the urban centers out into the suburbs over the next few years. The company regularly recycles capital by selling noncore assets or markets and uses the proceeds to fuel targeted acquisitions with strong growth prospects, a strategy that has improved the company's performance over the past few years.

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Key Statistics AIRC

Company Profile AIRC

Business Description

Apartment Investment and Management Co. owns a portfolio of 80 apartment communities with over 26,000 units. The company focuses on owning large, high-quality properties in the urban and suburban submarkets of Boston, Denver, Los Angeles, Miami, Philadelphia, San Diego, San Francisco, and Washington, D.C.

Contact
4582 South Ulster Street, Suite 1700
Denver, CO, 80237
Industry REIT - Residential
Employees 800

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FAQs for Apartment Income REIT Corp Class A Stock

Yes. AIRC has a forward dividend yield of 4.64%. See AIRC’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

AIRC’s market cap is 5.81 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

AIRC’s stock style is Small Growth.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

AIRC’s price/sales is 8.02.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

AIRC’s price/forward earnings is 138.89.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

AIRC’s price/book is 2.85.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See AIRC’s valuation ratios compared to the Market Index.

AIRC’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare AIRC’s historical performance against its industry peers and the overall market.