Apartment Income REIT Hits Analysts Target Price

IIn recent trading, shares of Apartment Income REIT Corp (ticker: AIRC) have passed the 12-month average analyst target price of $ 50.38, changing hands to $ 50.62 / share. When a stock achieves the objective that an analyst has set, there are logically two ways for the analyst to react: a drop in valuation or a readjustment of its target price to a higher level. Analyst reaction may also depend on fundamental business developments that may be responsible for the rise in the share price – if things are improving for the company, it may be time to increase this target price.

There are 8 different analyst targets in the Zacks hedging universe that contribute to this average for Apartment Income REIT Corp, but the average is just that – a mathematical average. There are analysts with below average goals, including one looking for a price tag of $ 39.00. And then on the other side of the spectrum, an analyst has a target as high as $ 63.00. The standard deviation is $ 7,927.

But the whole reason to look at the average AIRC price target in the first place is to tap into an effort of “wisdom of the crowds”, bringing together the contributions of all of the individual spirits who have contributed to the ultimate number, as opposed to this. that only one considers a particular expert. And so, with AIRC passing above that average target price of $ 50.38 / share, investors in AIRC received a good signal to spend time evaluating the company and deciding for themselves. : $ 50.38 is just a stop on the way to an even higher target, or has the valuation stretched to the point that it’s time to think about taking a few chips off the table? Below is a table showing the current thinking of analysts covering Apartment Income REIT Corp:

Recent Breakdown of AIRC Analyst Ratings
Running 1 month ago 2 months ago 3 months ago
Strong buying notes: 3 3 3 3
Buy Notes: 0 0 0 0
Keep notes: 5 5 5 5
Sales Ratings: 0 0 0 0
Strong Selling Notes: 0 0 0 0
Average grade: 2.25 2.25 2.25 2.25

The average rating shown in the last row of the table above ranges from 1 to 5, where 1 is a strong buy and 5 is a strong sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the Latest Zacks Research Report on AIRC – FREE.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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