Apartment Income REIT Corp. (AIRC)
NYSE NYSE Primary 
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Why I Buy Rental Property REITs Instead Of Rental Properties
Many investors - including several of my friends - like investing in rental properties. However, I have chosen the path of rental property REITs instead. I share 8 major advantages that rental property REITs enjoy over buying rental properties directly.
Natixis Advisors L.P. Makes New Investment in Apartment Income REIT Corp. (NYSE:AIRC)
Natixis Advisors L.P. acquired a new stake in Apartment Income REIT Corp. (NYSE:AIRC – Free Report) 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 acquired 10,615 shares of the company’s stock, valued at approximately $368,000. Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Duff & Phelps Investment Management Co. lifted its stake in shares of Apartment Income REIT by 4.0% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 2,443,819 shares of the company’s stock valued at $84,874,000 after purchasing an additional 93,750 shares during the last quarter. Invesco Ltd. increased its position in shares of Apartment Income REIT by 2.4% during the third quarter. Invesco Ltd. now owns 975,323 shares of the company’s stock valued at $29,942,000 after acquiring an additional 22,830 shares during the last quarter. Aew Capital Management L P purchased a new stake in shares of Apartment Income REIT in the 4th quarter valued at approximately $4,072,000. Convergence Investment Partners LLC acquired a new position in shares of Apartment Income REIT in the 4th quarter worth approximately $1,160,000. Finally, Wolverine Asset Management LLC boosted its position in shares of Apartment Income REIT by 353.0% during the 3rd quarter. Wolverine Asset Management LLC now owns 55,317 shares of the company’s stock worth $1,698,000 after purchasing an additional 43,107 shares during the period. 98.13% of the stock is currently owned by institutional investors and hedge funds. Apartment Income REIT Stock Up 0.2 % Apartment Income REIT stock opened at $38.72 on Monday. The stock’s fifty day moving average is $35.75 and its two-hundred day moving average is $33.54. The stock has a market cap of $5.62 billion, a PE ratio of 9.09 and a beta of 0.78. Apartment Income REIT Corp. has a 1-year low of $28.22 and a 1-year high of $38.72. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.63 and a quick ratio of 0.63. Wall Street Analysts Forecast Growth A number of research analysts have commented on AIRC shares. Wedbush restated a “neutral” rating and set a $39.00 price target (up from $35.00) on shares of Apartment Income REIT in a research note on Thursday, April 11th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $34.00 target price on shares of Apartment Income REIT in a research report on Thursday, February 22nd. Janney Montgomery Scott reissued a “neutral” rating on shares of Apartment Income REIT in a research report on Monday, April 8th. Raymond James cut shares of Apartment Income REIT from an “outperform” rating to a “market perform” rating in a report on Monday, March 18th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $39.12 target price (up from $36.00) on shares of Apartment Income REIT in a report on Tuesday, April 9th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $36.59. Read Our Latest Research Report on Apartment Income REIT Apartment Income REIT Company Profile (Free Report) 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.
The State Of REITs: May 2024 Edition
With a -4.27% average total return in April, REITs have now seen declines in 3 of the first 4 months of 2024. Micro caps (-2.71%) and small caps (-2.87%) averaged low single digit declines in April, while mid-caps (-5.36%) and large caps (-5.99%) performed even worse. 78.71% of REIT securities had a negative total return in April.
Apartment Income REIT (NYSE:AIRC) & Phillips Edison & Company, Inc. (NASDAQ:PECO) Head-To-Head Survey
Apartment Income REIT (NYSE:AIRC – Get Free Report) and Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Free Report) are both mid-cap finance companies, but which is the superior business? We will contrast the two companies based on the strength of their analyst recommendations, risk, profitability, earnings, institutional ownership, valuation and dividends. Dividends Apartment Income REIT pays an annual dividend of $1.80 per share and has a dividend yield of 4.6%. Phillips Edison & Company, Inc. pays an annual dividend of $1.17 per share and has a dividend yield of 3.6%. Apartment Income REIT pays out 42.3% of its earnings in the form of a dividend. Phillips Edison & Company, Inc. pays out 254.4% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Phillips Edison & Company, Inc. has raised its dividend for 1 consecutive years. Apartment Income REIT is clearly the better dividend stock, given its higher yield and lower payout ratio. Analyst Recommendations This is a breakdown of recent ratings and target prices for Apartment Income REIT and Phillips Edison & Company, Inc., as provided by MarketBeat.com. Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Apartment Income REIT 0 8 1 0 2.11 Phillips Edison & Company, Inc. 1 4 3 0 2.25 Apartment Income REIT currently has a consensus price target of $36.59, suggesting a potential downside of 5.50%. Phillips Edison & Company, Inc. has a consensus price target of $38.14, suggesting a potential upside of 17.00%. Given Phillips Edison & Company, Inc.’s stronger consensus rating and higher probable upside, analysts plainly believe Phillips Edison & Company, Inc. is more favorable than Apartment Income REIT. Profitability This table compares Apartment Income REIT and Phillips Edison & Company, Inc.’s net margins, return on equity and return on assets. Net Margins Return on Equity Return on Assets Apartment Income REIT 79.54% 25.86% 10.17% Phillips Edison & Company, Inc. 9.33% 2.21% 1.21% Earnings & Valuation This table compares Apartment Income REIT and Phillips Edison & Company, Inc.’s top-line revenue, earnings per share and valuation. Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Apartment Income REIT $820.04 million 6.85 $635.10 million $4.26 9.09 Phillips Edison & Company, Inc. $610.12 million 6.54 $56.85 million $0.46 70.87 Apartment Income REIT has higher revenue and earnings than Phillips Edison & Company, Inc.. Apartment Income REIT is trading at a lower price-to-earnings ratio than Phillips Edison & Company, Inc., indicating that it is currently the more affordable of the two stocks. Risk and Volatility Apartment Income REIT has a beta of 0.78, meaning that its share price is 22% less volatile than the S&P 500. Comparatively, Phillips Edison & Company, Inc. has a beta of 0.59, meaning that its share price is 41% less volatile than the S&P 500. Insider & Institutional Ownership 98.1% of Apartment Income REIT shares are owned by institutional investors. Comparatively, 80.7% of Phillips Edison & Company, Inc. shares are owned by institutional investors. 1.0% of Apartment Income REIT shares are owned by company insiders. Comparatively, 8.0% of Phillips Edison & Company, Inc. shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term. Summary Apartment Income REIT beats Phillips Edison & Company, Inc. on 11 of the 17 factors compared between the two stocks. About Apartment Income REIT (Get Free Report) 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. The AIR Edge is a durable operating advantage in driving organic growth, as well as making possible the opportunity for excess returns for properties new to AIR's platform. About Phillips Edison & Company, Inc. (Get Free Report) Phillips Edison & Company, Inc. (PECO) is one of the nation's largest owners and operators of omni-channel grocery-anchored shopping centers. Founded in 1991, PECO has generated strong results through its vertically-integrated operating platform and national footprint of well-occupied shopping centers. PECO's centers feature a mix of national and regional retailers providing necessity-based goods and services in fundamentally strong markets throughout the United States. PECO's top grocery anchors include Kroger, Publix, Albertsons and Ahold Delhaize. As of December 31, 2023, PECO managed 301 shopping centers, including 281 wholly-owned centers comprising 32.2 million square feet across 31 states and 20 shopping centers owned in one institutional joint venture. PECO is exclusively focused on creating great omni-channel, grocery-anchored shopping experiences and improving communities, one neighborhood shopping center at a time.
