AIRC Stock Summary and Trading Ideas (Apartment Income REIT Corp. | NYSE:AIRC)

Apartment Investment and Management Co. owns a portfolio of 75 apartment communities with over 26,000 units. The company focuses on owning large, high-quality properties in the urban and suburban submarkets of Boston, Denver, Los Angeles, Miami, Philadelphia, San Diego, San Francisco, and Washington, D.C.

Apartment Income REIT Corp. trades on the NYSE stock market under the symbol AIRC.

As of May 10, 2024, AIRC stock price climbed to $38.60 with 1,052,108 million shares trading.

AIRC has a beta of 0.65, meaning it tends to be less sensitive to market movements. AIRC has a correlation of 0.06 to the broad based SPY ETF.

AIRC has a market cap of $5.60 billion. This is considered a Mid Cap stock.

In the last 3 years, AIRC stock traded as high as $55.82 and as low as $28.22.

The top ETF exchange traded funds that AIRC belongs to (by Net Assets): VNQ, IJH, VTI, VB, VBR.

AIRC has underperformed the market in the last year with a price return of +12.5% while the SPY ETF gained +27.8%. However, in the short term, AIRC had mixed performance relative to the market. It has outperformed in the last 3 months, returning +24.4% vs +4.2% return in SPY. But in the last 2 weeks, AIRC shares have been beat by the market, returning +0.5% compared to an SPY return of +2.5%.

AIRC support price is $38.52 and resistance is $38.66 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AIRC stock will trade within this expected range on the day.