Apartment Income REIT (AIRC) Stock Forecast, Price Target & Predictions
AIRC Stock Forecast
Apartment Income REIT stock forecast is as follows: an average price target of $39.06 (represents a -0.05% downside from AIRC’s last price of $39.08) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.
AIRC Price Target
The average price target for Apartment Income REIT (AIRC) is $39.06 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $39.12 to $39.00. This represents a potential -0.05% downside from AIRC's last price of $39.08.
AIRC Analyst Ratings
According to 3 Wall Street analysts, Apartment Income REIT's rating consensus is 'Buy'. The analyst rating breakdown for AIRC stock is 0 'Strong Buy' (0.00%), 2 'Buy' (66.67%), 1 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Apartment Income REIT Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Apr 11, 2024 | Michael Lewis | Truist Financial | $39.00 | $38.38 | 1.62% | -0.20% |
| Apr 08, 2024 | John Kim | BMO Capital | $39.12 | $38.38 | 1.91% | 0.10% |
The latest Apartment Income REIT stock forecast, released on Apr 11, 2024 by Michael Lewis from Truist Financial, set a price target of $39.00, which represents a 1.62% increase from the stock price at the time of the forecast ($38.38), and a -0.20% decrease from AIRC last price ($39.08).
Apartment Income REIT Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 2 |
| Avg Price Target | - | $39.06 | $39.06 |
| Last Closing Price | $39.08 | $39.08 | $39.08 |
| Upside/Downside | -100.00% | -0.05% | -0.05% |
In the current month, the average price target of Apartment Income REIT stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Apartment Income REIT's last price of $39.08. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Apr 08, 2024 | Janney Montgomery | Neutral | Downgrade | |
| Apr 08, 2024 | BMO Capital | Outperform | Market Perform | Downgrade |
| Jul 18, 2023 | BMO Capital | Market Perform | Outperform | Upgrade |
| Mar 15, 2023 | BMO Capital | Market Perform | Upgrade | |
| Dec 08, 2022 | Goldman Sachs | Buy | Upgrade | |
| Nov 29, 2022 | Citigroup | Buy | Buy | Hold |
Apartment Income REIT's last stock rating was published by Janney Montgomery on Apr 08, 2024. The company Downgrade its AIRC rating from "null" to "Neutral".
Apartment Income REIT Financial Forecast
Apartment Income REIT Revenue Forecast
| Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $196.36M | - | - | $211.99M | $207.87M | - | - | $181.48M | $194.33M | $191.78M | $178.33M | $176.41M | $173.75M |
| Avg Forecast | $221.53M | $220.34M | $216.03M | $211.80M | $210.40M | $208.48M | $205.43M | $202.38M | $199.24M | $197.47M | $195.62M | $195.74M | $195.96M | $210.66M | $210.44M | $207.06M | $202.50M | $191.97M | $183.46M | $179.96M | $182.01M | $177.95M | $169.99M | $168.14M | $172.03M |
| High Forecast | $221.53M | $220.34M | $216.03M | $211.80M | $210.40M | $208.48M | $205.43M | $202.38M | $199.24M | $197.47M | $203.11M | $195.74M | $200.26M | $220.52M | $210.44M | $207.06M | $202.50M | $191.97M | $183.46M | $192.46M | $194.65M | $190.31M | $181.79M | $179.82M | $183.98M |
| Low Forecast | $221.53M | $220.34M | $216.03M | $211.80M | $210.40M | $208.48M | $205.43M | $202.38M | $199.24M | $197.47M | $189.20M | $195.74M | $188.75M | $204.26M | $210.44M | $207.06M | $202.50M | $191.97M | $183.46M | $171.60M | $173.55M | $169.68M | $162.09M | $160.33M | $164.04M |
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 2 | 2 | 3 | 3 | 6 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | - | - | 1.02% | 1.03% | - | - | 1.01% | 1.07% | 1.08% | 1.05% | 1.05% | 1.01% |
Apartment Income REIT's average Quarter revenue forecast for Mar 24 based on 3 analysts is $195.74M, with a low forecast of $195.74M, and a high forecast of $195.74M. AIRC's average Quarter revenue forecast represents a -0.31% decrease compared to the company's last Quarter revenue of $196.36M (Dec 23).
Apartment Income REIT EBITDA Forecast
| Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 2 | 2 | 3 | 3 | 6 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $109.30M | - | - | $124.05M | $137.34M | - | - | $119.09M | $121.44M | $121.59M | $121.52M | $120.48M | $49.30M |
| Avg Forecast | $135.56M | $134.83M | $132.19M | $129.60M | $128.74M | $127.57M | $125.70M | $123.84M | $121.91M | $120.83M | $119.70M | $119.78M | $119.91M | $128.90M | $128.77M | $126.70M | $123.91M | $117.47M | $112.26M | $110.12M | $111.37M | $108.89M | $121.55M | $102.89M | $80.75M |
| High Forecast | $135.56M | $134.83M | $132.19M | $129.60M | $128.74M | $127.57M | $125.70M | $123.84M | $121.91M | $120.83M | $124.28M | $119.78M | $122.54M | $134.94M | $128.77M | $126.70M | $123.91M | $117.47M | $112.26M | $117.77M | $119.11M | $116.45M | $145.86M | $110.03M | $96.90M |
| Low Forecast | $135.56M | $134.83M | $132.19M | $129.60M | $128.74M | $127.57M | $125.70M | $123.84M | $121.91M | $120.83M | $115.77M | $119.78M | $115.50M | $124.99M | $128.77M | $126.70M | $123.91M | $117.47M | $112.26M | $105.00M | $106.20M | $103.83M | $97.24M | $98.11M | $64.60M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.91% | - | - | 0.98% | 1.11% | - | - | 1.08% | 1.09% | 1.12% | 1.00% | 1.17% | 0.61% |
3 analysts predict AIRC's average Quarter EBITDA for Mar 24 to be $119.78M, with a high of $119.78M and a low of $119.78M. This is 9.58% upper than Apartment Income REIT's previous annual EBITDA (Dec 23) of $109.30M.
Apartment Income REIT Net Income Forecast
| Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 2 | 2 | 3 | 3 | 6 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-16.21M | - | - | $-9.95M | $329.57M | - | - | $376.18M | $372.88M | $9.38M | $-17.95M | $83.31M | $-125.10M |
| Avg Forecast | $2.89M | $2.89M | $1.45M | $-1.45M | $4.34M | $2.89M | $2.17M | $-1.45M | $3.77M | $2.58M | $1.56M | $1.22B | $10.23M | $14.65M | $2.42M | $1.31B | $28.74M | $29.07M | $660.60M | $1.40B | $372.88M | $14.68M | $-17.23M | $1.20B | $-450.35M |
| High Forecast | $2.89M | $2.89M | $1.45M | $-1.45M | $4.34M | $2.89M | $2.17M | $-1.45M | $3.77M | $2.58M | $1.58M | $1.47B | $10.39M | $39.06M | $2.42M | $1.57B | $28.74M | $29.07M | $792.72M | $1.68B | $447.46M | $17.61M | $-13.78M | $1.44B | $-360.28M |
| Low Forecast | $2.89M | $2.89M | $1.45M | $-1.45M | $4.34M | $2.89M | $2.17M | $-1.45M | $3.77M | $2.58M | $1.50M | $977.49M | $9.91M | $6.51M | $2.42M | $1.05B | $28.74M | $29.07M | $528.48M | $1.12B | $298.30M | $11.74M | $-20.68M | $959.73M | $-540.42M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -1.59% | - | - | -0.01% | 11.47% | - | - | 0.27% | 1.00% | 0.64% | 1.04% | 0.07% | 0.28% |
Apartment Income REIT's average Quarter net income forecast for Mar 23 is $1.31B, with a range of $1.05B to $1.57B. AIRC's average Quarter net income forecast represents a 296.52% increase compared to the company's last Quarter net income of $329.57M (Dec 22).
Apartment Income REIT SG&A Forecast
| Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 2 | 2 | 3 | 3 | 6 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $6.63M | - | - | $7.18M | $5.35M | - | - | $6.60M | $3.08M | $5.88M | $5.22M | $4.41M | $12.50M |
| Avg Forecast | $8.69M | $8.64M | $8.47M | $8.30M | $8.25M | $8.17M | $8.05M | $7.93M | $7.81M | $7.74M | $7.67M | $21.43M | $7.68M | $8.26M | $8.25M | $22.92M | $7.94M | $7.53M | $17.89M | $24.51M | $3.08M | $9.20M | $5.01M | $63.56M | $66.44M |
| High Forecast | $8.69M | $8.64M | $8.47M | $8.30M | $8.25M | $8.17M | $8.05M | $7.93M | $7.81M | $7.74M | $7.96M | $25.71M | $7.85M | $8.65M | $8.25M | $27.50M | $7.94M | $7.53M | $21.47M | $29.41M | $3.69M | $11.03M | $6.01M | $76.27M | $79.73M |
| Low Forecast | $8.69M | $8.64M | $8.47M | $8.30M | $8.25M | $8.17M | $8.05M | $7.93M | $7.81M | $7.74M | $7.42M | $17.14M | $7.40M | $8.01M | $8.25M | $18.33M | $7.94M | $7.53M | $14.31M | $19.61M | $2.46M | $7.36M | $4.01M | $50.85M | $53.15M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.86% | - | - | 0.31% | 0.67% | - | - | 0.27% | 1.00% | 0.64% | 1.04% | 0.07% | 0.19% |
Apartment Income REIT's average Quarter SG&A projection for Mar 24 is $21.43M, based on 3 Wall Street analysts, with a range of $17.14M to $25.71M. The forecast indicates a 223.29% rise compared to AIRC last annual SG&A of $6.63M (Dec 23).
Apartment Income REIT EPS Forecast
| Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 2 | 2 | 3 | 3 | 6 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-0.11 | - | - | $-0.07 | $2.20 | - | - | $2.40 | $2.38 | $0.06 | $-0.12 | $0.56 | $-0.96 |
| Avg Forecast | $0.02 | $0.02 | $0.01 | $-0.01 | $0.03 | $0.02 | $0.01 | $-0.01 | $0.03 | $0.02 | $0.01 | - | $0.07 | $0.10 | $0.02 | $-0.03 | $0.20 | $0.20 | $0.26 | $0.31 | $0.38 | $0.23 | $0.04 | $-0.10 | $-0.10 |
| High Forecast | $0.02 | $0.02 | $0.01 | $-0.01 | $0.03 | $0.02 | $0.01 | $-0.01 | $0.03 | $0.02 | $0.01 | - | $0.07 | $0.27 | $0.02 | $-0.03 | $0.20 | $0.20 | $0.26 | $0.34 | $0.41 | $0.25 | $0.04 | $-0.09 | $-0.09 |
| Low Forecast | $0.02 | $0.02 | $0.01 | $-0.01 | $0.03 | $0.02 | $0.01 | $-0.01 | $0.03 | $0.02 | $0.01 | - | $0.07 | $0.05 | $0.02 | $-0.03 | $0.20 | $0.20 | $0.26 | $0.29 | $0.35 | $0.22 | $0.04 | $-0.11 | $-0.11 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -1.55% | - | - | 2.61% | 11.07% | - | - | 7.80% | 6.30% | 0.26% | -3.00% | -5.60% | 9.60% |
According to 2 Wall Street analysts, Apartment Income REIT's projected average Quarter EPS for Mar 23 is $-0.03, with a low estimate of $-0.03 and a high estimate of $-0.03. This represents a -101.21% decrease compared to AIRC previous annual EPS of $2.20 (Dec 22).
Apartment Income REIT Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| EQR | Equity Residential | $72.77 | $80.61 | 10.77% | Buy |
| BRT | BRT Apartments | $19.00 | $21.00 | 10.53% | Buy |
| ESS | Essex Property Trust | $294.10 | $322.00 | 9.49% | Buy |
| MAA | Mid-America Apartment Communities | $156.07 | $169.17 | 8.39% | Hold |
| NXRT | NexPoint Residential Trust | $44.67 | $48.00 | 7.45% | Buy |
| AVB | AvalonBay Communities | $226.94 | $242.60 | 6.90% | Buy |
| CSR | Centerspace | $68.29 | $72.00 | 5.43% | Hold |
| UDR | UDR | $44.41 | $44.40 | -0.02% | Buy |
| VRE | Veris Residential | $17.53 | $14.00 | -20.14% | Buy |