Apartment Income REIT Corp. (AIRC)
NYSE: AIRC · IEX Real-Time Price · USD
34.73
-0.37 (-1.05%)
Dec 29, 2023, 4:00 PM EST - Market closed
Apartment Income REIT Stock Forecast
Stock Price Forecast
According to 7 stock analysts, the average 12-month stock price forecast for AIRC stock stock is $38.14, which predicts an increase of 9.82%. The lowest target is $33 and the highest is $42. On average, analysts rate AIRC stock stock as a strong buy.
Analyst Consensus: Strong Buy
* Price targets were last updated on Oct 24, 2023.
Analyst Ratings
The average analyst rating for AIRC stock from 8 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jul '23 | Aug '23 | Sep '23 | Oct '23 | Nov '23 | Dec '23 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 4 | 5 | 5 | 5 | 3 |
| Buy | 2 | 2 | 2 | 4 | 4 | 4 |
| Hold | 3 | 2 | 2 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 8 | 9 | 10 | 10 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Raymond James | Raymond James | Buy Initiates $37 | Buy | Initiates | $37 | +6.54% | Oct 24, 2023 |
| Wedbush | Wedbush | Buy Initiates $37 | Buy | Initiates | $37 | +6.54% | Oct 3, 2023 |
| Mizuho | Mizuho | Strong Buy Maintains $40 → $33 | Strong Buy | Maintains | $40 → $33 | -4.98% | Sep 26, 2023 |
| Truist Securities | Truist Securities | Hold → Strong Buy Upgrades n/a | Hold → Strong Buy | Upgrades | n/a | n/a | Aug 28, 2023 |
| JP Morgan | JP Morgan | Hold Maintains $41 → $39 | Hold | Maintains | $41 → $39 | +12.29% | Aug 21, 2023 |
Financial Forecast
Revenue This Year
834.78M
from 773.72M
Increased by 7.89%
Revenue Next Year
841.97M
from 834.78M
Increased by 0.86%
EPS This Year
2.39
from 5.81
Decreased by -58.83%
EPS Next Year
0.44
from 2.39
Decreased by -81.66%
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| High | 910.0M | 948.7M | 977.7M | 1.0B | 1.0B |
| Avg | 834.8M | 842.0M | 884.5M | 913.4M | 998.5M |
| Low | 764.5M | 774.0M | 796.7M | 817.4M | 959.3M |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| High | 17.6% | 13.7% | 16.1% | 13.6% | 12.5% |
| Avg | 7.9% | 0.9% | 5.0% | 3.3% | 9.3% |
| Low | -1.2% | -7.3% | -5.4% | -7.6% | 5.0% |
EPS Forecast
| EPS | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| High | 4.75 | 0.56 | 0.74 | 0.56 | 0.64 |
| Avg | 2.39 | 0.44 | 0.58 | 0.54 | 0.62 |
| Low | 0.17 | 0.27 | 0.42 | 0.52 | 0.60 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| High | -18.3% | -76.7% | 67.6% | -4.8% | 18.5% |
| Avg | -58.8% | -81.7% | 33.3% | -7.6% | 15.1% |
| Low | -97.1% | -88.5% | -3.9% | -11.2% | 10.6% |
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.