Apartment Income REIT Corp (NYSE:AIRC) shares traded 0.16% higher at $38.44 on Wall Street last session.
AIRC stock price is now 20.85% away from the 50-day moving average and 17.67% away from the 200-day moving average. The market capitalization of the company currently stands at $5.57B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
On February 28, 2024, Mizuho Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $31, while ‘Goldman’ rates the stock as ‘Neutral’
In other news, Bohjalian Thomas N, Director bought 750 shares of the company’s stock on Feb 23 ’24. The stock was bought for $23,250 at an average price of $31.00. Upon completion of the transaction, the Director now directly owns 20,750 shares in the company, valued at $0.8 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 14 ’24, Director Bohjalian Thomas N bought 889 shares of the business’s stock. A total of $28,004 was incurred on buying the stock at an average price of $31.50. This leaves the insider owning 20,000 shares of the company worth $0.77 million. A total of 0.33% of the company’s stock is owned by insiders.
During the past 12 months, Apartment Income REIT Corp has had a low of $28.22 and a high of $38.53. The fifty day moving average price for AIRC is $31.81 and a two-hundred day moving average price translates $32.67 for the stock.
The latest earnings results from Apartment Income REIT Corp (NYSE: AIRC) was released for Dec, 2023. According to the REIT – Residential Company, earnings per share came in at -$0.11, missing analysts’ expectations of $0.08 by -0.19. This compares to $2.15 EPS in the same period last year. The net profit margin was 77.35% and return on equity was 28.15% for AIRC. The company reported revenue of $196.18 million for the quarter, compared to $207.87 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.63 percent. For the current quarter, analysts expect AIRC to generate $198.44M in revenue.
