Wolfe Research Downgrades Apartment Income REIT to Peer Perform
$AIRC
Real Estate Investment Trusts
Real Estate
Wolfe Research analyst Andrew Rosivach downgrades Apartment Income REIT (NYSE:AIRC) from Outperform to Peer Perform.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/18/2024 | Outperform → Mkt Perform | Raymond James | |
| 2/28/2024 | $31.00 | Buy → Neutral | Mizuho |
| 2/22/2024 | $34.00 | Neutral | Goldman |
| 10/24/2023 | $37.00 | Outperform | Raymond James |
| 10/3/2023 | $37.00 | Outperform | Wedbush |
| 8/28/2023 | $44.00 | Hold → Buy | Truist |
| 7/18/2023 | $39.00 → $42.00 | Market Perform → Outperform | BMO Capital Markets |
| 3/15/2023 | $39.00 | Underperform → Market Perform | BMO Capital Markets |
4 - Apartment Income REIT Corp. (0001820877) (Issuer)
4 - Apartment Income REIT Corp. (0001820877) (Issuer)
Plans to Invest More Than $400 Million to Maintain and Improve Existing Portfolio, Illustrating Commitment to Delivering a Leading Resident Experience Blackstone (NYSE:BX) and Apartment Income REIT Corp. (NYSE:AIRC) ("AIR Communities" or the "Company") today announced that they have entered into a definitive agreement under which Blackstone Real Estate Partners X ("Blackstone") will acquire all outstanding common shares of AIR Communities for $39.12 per share in an all-cash transaction valued at approximately $10 billion, including the assumption of debt. The purchase price represents a premium of 25% to AIR Communities' closing share price on the NYSE on April 5, 2024, the last trading
Apartment Income REIT Corp. (NYSE:AIRC) ("AIR" or the "Company") has announced that the date of its 2024 annual meeting of shareholders will be June 14, 2024. "The Board continues to have a proactive and thoughtful process to assess Board composition and leadership and seek continuous improvements to AIR's governance," commented Ann Sperling, Chairman of AIR's Governance and Corporate Responsibility Committee. She continued, "We heard from shareholders that they prefer an annual meeting on a more typical spring cycle, and so we have moved our meeting from September to June to be responsive to that feedback." As announced last year and discussed with many shareholders, the Board has been
Apartment Income REIT Corp. ("AIR") (NYSE:AIRC) announced today results for the fourth quarter and full year 2023. Terry Considine, Chief Executive Officer, comments: "AIR's operating performance in 2023 was excellent… the highest in our peer group. We improved our portfolio with co-investment from two of the most respected global property investors. In 2024, we will continue to focus on driving predictable growth in recurring free cash flow… attracting high quality residents, and retaining them with great service from productive and caring teammates. As ever, we expect to improve… in operations, portfolio quality, operating scale, operating margins and quality of earnings, all with a saf
4 - Apartment Income REIT Corp. (0001820877) (Issuer)
4 - Apartment Income REIT Corp. (0001820877) (Issuer)
4 - Apartment Income REIT Corp. (0001820877) (Issuer)
Blackstone (NYSE:BX) and Apartment Income REIT Corp. ("AIR Communities" or the "Company") today announced that Blackstone Real Estate Partners X ("Blackstone") has completed its previously announced acquisition of all outstanding common shares of AIR Communities for $39.12 per share in an all-cash transaction valued at approximately $10 billion, including the assumption of debt. BofA Securities, Barclays, BMO Capital Markets Corp., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, SG Americas Securities, LLC and Wells Fargo acted as Blackstone's financial advisors, and Simpson Thacher & Bartlett LLP served as Blackstone's legal c
Apartment Income REIT Corp. (NYSE:AIRC) (the "Company") today announced that, at the concluded special meeting of stockholders held earlier today, its stockholders approved the all-cash acquisition of the Company by Blackstone Real Estate Partners X ("Blackstone"). The Company will provide final vote results for the special meeting, as certified by the independent Inspector of Election, on a Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission. As previously announced, the Company and affiliates of Blackstone have entered into a definitive merger agreement, pursuant to which such affiliates have agreed to acquire the outstanding shares of common stock
NEW YORK, June 20, 2024 /PRNewswire/ -- Ryan Specialty Holdings Inc. (NYSE:RYAN) will replace Apartment Income REIT Corp. (NYSE:AIRC) in the S&P MidCap 400 effective prior to the opening of trading on Friday, June 28. Blackstone Inc. (NYSE:BX) is acquiring Apartment Income REIT in a deal expected to be completed soon, pending final closing conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector June 28, 2024 S&P MidCap 400 Addition Ryan Specialty Holdings RYAN Financials June 28, 2024 S&P MidCap 400 Deletion Apartment Income REIT AIRC Real Estate For mor
Apartment Income REIT Corp. (NYSE:AIRC) (the "Company") today announced that, at the concluded special meeting of stockholders held earlier today, its stockholders approved the all-cash acquisition of the Company by Blackstone Real Estate Partners X ("Blackstone").The Company will provide final vote results for the special meeting, as certified by the independent Inspector of Election, on a Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission.As previously announced, the Company and affiliates of Blackstone have entered into a definitive merger agreement, pursuant to which such affiliates have agreed to acquire the outstanding shares of common stock of the
Blackstone Inc. (NYSE:BX) is acquiring Apartment Income REIT in a deal expected to be completed soon, pending final closing conditions.
As of May 31, 2024, four stocks in the real estate sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. AMREP Corporation (NYSE:AXR) On March 8, AMREP reported earnings of 2 cents per share for its
NEW YORK, June 20, 2024 /PRNewswire/ -- Ryan Specialty Holdings Inc. (NYSE:RYAN) will replace Apartment Income REIT Corp. (NYSE:AIRC) in the S&P MidCap 400 effective prior to the opening of trading on Friday, June 28. Blackstone Inc. (NYSE:BX) is acquiring Apartment Income REIT in a deal expected to be completed soon, pending final closing conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector June 28, 2024 S&P MidCap 400 Addition Ryan Specialty Holdings RYAN Financials June 28, 2024 S&P MidCap 400 Deletion Apartment Income REIT AIRC Real Estate For mor
Denver, CO, April 28, 2022 (GLOBE NEWSWIRE) -- Apartment Income REIT Corp., known as AIR Communities, has received a 2021 Gender Balanced Board award from Boardbound by Women's Leadership Foundation, a Colorado-based organization focused on board diversity and leadership development. AIR Communities is in the top 15% of Colorado public companies to achieve this level of board gender parity, and since 2018, the company has been recognized annually for its continued commitment to women in leadership. In 2021, AIR elected three new independent directors to its board – Tom Bohjalian, Kristin Finney-Cooke, and Margarita Paláu-Hernández – as part of the company's ongoing board refreshment
Steve Cates Appointed as Chief Accounting Officer and Controller Westwater Resources, Inc. (NYSE:WWR), an energy materials company and developer of U.S. mineral resources essential for batteries for energy storage, today announced the appointment of Steven M. Cates as Chief Accounting Officer & Controller ("CAO"), effective May 10, 2021. As the Company's CAO, Mr. Cates will serve as the principal accounting officer overseeing all accounting operations, financial reporting, tax and treasury functions. Mr. Cates will report to Chief Financial Officer Jeffrey L. Vigil, who will continue to serve as the Company's principal financial officer. Christopher M. Jones, President and Chief Executive
SC 13G/A - Apartment Income REIT Corp. (0001820877) (Subject)
SC 13G/A - Apartment Income REIT Corp. (0001820877) (Subject)
SC 13G/A - Apartment Income REIT Corp. (0001820877) (Subject)
15-12G - Apartment Income REIT Corp. (0001820877) (Filer)
EFFECT - Apartment Income REIT Corp. (0001820877) (Filer)
8-K - Apartment Income REIT Corp. (0001820877) (Filer)
Raymond James downgraded Apartment Income REIT Corp. from Outperform to Mkt Perform
Mizuho downgraded Apartment Income REIT Corp. from Buy to Neutral and set a new price target of $31.00
Goldman resumed coverage of Apartment Income REIT Corp. with a rating of Neutral and set a new price target of $34.00