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
* 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 '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 |
---|---|---|---|---|---|---|
Strong Buy | 5 | 5 | 5 | 5 | 2 | 2 |
Buy | 4 | 4 | 4 | 4 | 3 | 2 |
Hold | 1 | 1 | 1 | 1 | 3 | 4 |
Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 10 | 10 | 10 | 10 | 8 | 8 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Raymond James | Raymond James | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Mar 18, 2024 |
Mizuho | Mizuho | Strong Buy → Hold Downgrades $31 | Strong Buy → 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 |
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%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|
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 | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|
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 | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|
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 | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|
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.