The Teacher Retirement System of Texas holds $2.50 million worth of shares in Apartment Income REIT Corp. (NYSE:AIRC)

The Teacher Retirement System of Texas has withdrawn its holdings of shares of Apartment Income REIT Corp. (NYSE:AIRC – Free Report) fell 34.4% in Q4, Holdings Channel.com reports. The fund owned 71,853 shares of the company's stock after selling 37,639 shares during the period. Teacher Retirement System of Texas' shares of Apartment Income REIT were worth $2,495,000 at the end of the last quarter.

A number of other hedge funds have also recently made changes to their holdings in the company. JPMorgan Chase & Co. increased its holdings in Apartment Income REIT by 12.2% in the third quarter. JPMorgan Chase & Co. now owns 13,572,680 shares of the company's stock valued at $416,681,000 after purchasing an additional 1,470,804 shares during the period. Principal Financial Group Inc. boosted its holdings in Apartment Income REIT by 2.4% in the third quarter. Principal Financial Group Inc. now owns 9,131,443 shares of the company's stock valued at $280,334,000 after purchasing an additional 213,160 shares in the last quarter. FMR LLC increased its position in Apartment Income REIT by 7.7% in the third quarter. FMR LLC now owns 5,758,309 shares of the company's stock valued at $176,780,000 after purchasing an additional 411,299 shares during the period. Duff & Phelps Investment Management Co. increased its holdings in Apartment Income REIT by 4.0% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 2,443,819 shares of the company's stock valued at $84,874,000 after purchasing an additional 93,750 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Apartment Income REIT by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,146,663 shares of the company's stock valued at $74,554,000 after purchasing an additional 64,287 shares during the period. Institutional investors and hedge funds own 98.13% of the company's shares.

Wall Street analysts predict growth

Several equities analysts recently commented on the stock. Wolfe Research reissued a “peer perform” rating on shares of Apartment Income REIT in a research note on Thursday, April 11th. Janney Montgomery Scott reiterated a “neutral” rating on shares of Apartment Income REIT in a research note on Monday, April 8th. BMO Capital Markets reiterated a “market perform” rating and set a $39.12 price target (from $36.00) on shares of Apartment Income REIT in a report on Tuesday, April 9th. Mizuho downgraded Apartment Income REIT from a “buy” rating to a “neutral” rating and lowered their price objective on the stock from $37.00 to $31.00 in a report on Wednesday, February 28th. Finally, Raymond James downgraded shares of Apartment Income REIT from an “outperform” rating to a “market perform” rating in a research report on Monday, March 18th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $36.59.

Check out our latest analysis on AIRC

Apartment Income REIT price history

Shares of AIRC opened at $38.64 on Thursday. The stock has a market cap of $5.61 billion, a P/E ratio of 9.07 and a beta of 0.78. The company's 50-day moving average is $35.48 and its 200-day moving average is $33.37. The company has a short ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.20. Apartment Income REIT Corp. has a 12-month low of $28.22 and a 12-month high of $38.71.

Apartment Income REIT company profile

(Free Report)

Apartment Income REIT Corp (NYSE: AIRC) is a publicly traded, self-managed real estate investment trust (REIT). AIR's portfolio includes 76 communities with a total of 27,010 apartment homes in 10 states and the District of Columbia. AIR offers a simple, predictable business model focused on what we call AIR Edge, the cumulative result of our focus on resident selection, satisfaction and retention, and relentless innovation in delivering world-class property management.

Selected stories

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