Apartment Income REIT Corp (NYSE:AIRC) has a beta value of 0.78 and has seen 3.73 million shares traded in the last trading session. The company, currently valued at $5.57B, closed the last trade at $38.38 per share which meant it lost -$0.02 on the day or -0.05% during that session. The AIRC stock price is -0.78% off its 52-week high price of $38.68 and 26.47% above the 52-week low of $28.22. The 3-month trading volume is 2.76 million shares.
Apartment Income REIT Corp (NYSE:AIRC) trade information
Sporting -0.05% in the red in last session, the stock has traded in the red over the last five days, when the AIRC stock price touched $38.38 or saw a rise of 0.34%. Year-to-date, Apartment Income REIT Corp shares have moved 10.51%, while the 5-day performance has seen it change -0.05%. Over the past 30 days, the shares of Apartment Income REIT Corp (NYSE:AIRC) have changed 20.77%.
Apartment Income REIT Corp (AIRC) estimates and forecasts
Figures show that Apartment Income REIT Corp shares have underperformed across the wider relevant industry. The company’s shares have gained 33.64% over the past 6 months, with this year growth rate of -0.83%, compared to 0.10% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 100.00% and 300.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be -2.90%.
6 analysts offering their estimates for the company have set an average revenue estimate of $197.84 million for the current quarter. 6 have an estimated revenue figure of $200.6 million for the next quarter concluding in Jun 2024. Year-ago sales stood $211.99 million and $214.56 million respectively for this quarter and the next, and analysts expect sales will shrink by -6.70% for the current quarter and -6.50% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -0.34% over the past 5 years.
AIRC Dividends
Apartment Income REIT Corp is expected to release its next earnings report in June this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.80 at a share yield of 4.69%. The company’s dividend yield has gone up over the past 12 months.
