Apartment Income REIT Corp. (AIRC)
NYSE: AIRC · IEX Real-Time Price · USD
32.47
+0.54 (1.69%)
At close: Mar 28, 2024, 4:00 PM
32.39
-0.08 (-0.25%)
After-hours: Mar 28, 2024, 7:58 PM EDT

Apartment Income REIT Stock Forecast

Stock Price Forecast

The 6 analysts with 12-month price forecasts for AIRC stock have an average target of 37.17, with a low estimate of 31 and a high estimate of 42. The average target predicts an increase of 14.47% from the current stock price of 32.47.

Analyst Consensus: Buy
Target Low Average Median High
Price $31 $37.17 $39 $42
Change -4.53% +14.47% +20.11% +29.35%
* Price targets were last updated on Feb 28, 2024.

Analyst Ratings

The average analyst rating for AIRC stock from 8 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 555522
Buy 444432
Hold 111134
Sell 000000
Strong Sell 000000
Total 1010101088

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Raymond James
Raymond James
Hold
Downgrades
n/a
Hold Downgrades n/a n/a Mar 18, 2024
Mizuho
Mizuho
Hold
Downgrades
$31
Hold Downgrades $31 -4.53% Feb 28, 2024
Goldman Sachs
Goldman Sachs
Hold
Initiates
$34
Hold Initiates $34 +4.71% Feb 22, 2024
Raymond James
Raymond James
Buy
Initiates
$37
Buy Initiates $37 +13.95% Oct 24, 2023
Wedbush
Wedbush
Buy
Initiates
$37
Buy Initiates $37 +13.95% Oct 3, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
825.59M
from 820.04M
Increased by 0.68%
Revenue Next Year
861.54M
from 825.59M
Increased by 4.35%
EPS This Year
0.12
from 4.27
Decreased by -97.13%
EPS Next Year
0.25
from 0.12
Increased by 104.17%
Year 201920202021202220232024202520262027
Revenue
770.60M719.56M740.85M773.72M820.04M825.59M861.54M899.47M998.45M
Revenue Growth
-8.29%-6.62%2.96%4.44%5.99%0.68%4.35%4.40%11.00%
EPS
3.90-0.852.895.814.270.120.250.310.62
EPS Growth
-27.37%--101.04%-26.51%-97.13%104.17%22.45%103.33%
No. Analysts -----9743
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 2024202520262027
High 894.8M 924.2M 957.7M 1.0B
Avg 825.6M 861.5M 899.5M 998.5M
Low 754.7M 794.9M 816.2M 959.3M

Revenue Growth

Revenue Growth 2024202520262027
High
9.1%
11.9%
11.2%
14.3%
Avg
0.7%
4.4%
4.4%
11.0%
Low
-8.0%
-3.7%
-5.3%
6.7%

EPS Forecast

EPS 2024202520262027
High 0.15 0.26 0.32 0.64
Avg 0.12 0.25 0.31 0.62
Low 0.10 0.24 0.29 0.60

EPS Growth

EPS Growth 2024202520262027
High
-96.6%
114.5%
26.1%
109.3%
Avg
-97.1%
104.2%
22.4%
103.3%
Low
-97.7%
92.2%
17.6%
95.4%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.