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 April 18, 2024, AIRC stock price climbed to $38.40 with 3,359,724 million shares trading.

AIRC has a beta of 0.74, meaning it tends to be less sensitive to market movements. AIRC has a correlation of 0.07 to the broad based SPY ETF.

AIRC has a market cap of $5.57 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 stock has underperformed the market in the last year with a return of +11.4%, while SPY returned +22.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AIRC shares. However, AIRC has outperformed the market in the last 3 month and 2 week periods, returning +12.3% and +22.4%, while SPY returned +6.1% and -3.8%, respectively. This indicates AIRC has been having a stronger performance recently.

AIRC support price is $37.87 and resistance is $38.84 (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.