Apartment Income REIT Corp (AIRC) Forecast, Price Target & Analyst Ratings

NYSE:AIRC • US03750L1098

Current stock price

39.08 USD
-0.01 (-0.03%)
At close:
39.09 USD
+0.01 (+0.03%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for Apartment Income REIT Corp (AIRC).

Forecast Snapshot

Consensus Price Target

Price Target
$39.84
+ 1.95% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Jul 25, 2024
Period
Q2 / 2024
EPS Estimate
$0.02
Revenue Estimate
204.61M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
52.86%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$39.84
Upside
+ 1.95%
From current price of $39.08 to mean target of $39.84, Based on 14 analyst forecasts
Low
$39.39
Median
$39.84
High
$41.08

Price Target Revisions

1 Month
3.59%
3 Months
7.75%

Price Target Summary

14 Wall Street analysts provided a forecast for the next 12 months for AIRC. The average price target is 39.84 USD. This implies a price increase of 1.95% is expected in the next year compared to the current price of 39.08.
The average price target has been revised upward by 7.75% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

AIRC Current Analyst RatingAIRC Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6 8 10

Analyst Ratings History

AIRC Historical Analyst RatingsAIRC Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10 15

Analyst Ratings Consensus

ChartMill Buy Consensus
52.86%
AIRC was analyzed by 14 analysts. The buy percentage consensus is at 53. So analysts seem to be rather neutral about AIRC.
In the previous month the buy percentage consensus was at a similar level.
AIRC was analyzed by 14 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2024-04-11Wolfe ResearchDowngrade Outperform -> Peer Perform
2024-04-11WedbushDowngrade Outperform -> Neutral
2024-04-09BMO CapitalDowngrade Outperform -> Market Perform
2024-04-09Truist SecuritiesMaintains Buy -> Buy
2024-04-08Janney Montgomery ScottDowngrade Buy -> Neutral
2024-03-18Raymond JamesDowngrade Outperform -> Market Perform
2024-02-28MizuhoDowngrade Buy -> Neutral
2024-02-22Goldman SachsReiterate Neutral
2023-10-24Raymond JamesInitiate Outperform
2023-10-03WedbushInitiate Outperform
2023-09-26MizuhoMaintains Buy -> Buy
2023-08-28Truist SecuritiesUpgrade Hold -> Buy
2023-08-21JP MorganMaintains Neutral -> Neutral
2023-07-18BMO CapitalUpgrade Market Perform -> Outperform
2023-07-07Truist SecuritiesMaintains Hold -> Hold
2023-06-28MizuhoReiterate Buy -> Buy
2023-05-19MizuhoMaintains Buy -> Buy
2023-03-15BMO CapitalUpgrade Underperform -> Market Perform
2023-02-23MizuhoMaintains Buy
2023-01-24Wolfe ResearchInitiate Outperform
2022-12-08Goldman SachsUpgrade Sell -> Buy
2022-11-29Truist SecuritiesMaintains Hold
2022-11-29CitigroupMaintains Buy
2022-11-10MizuhoMaintains Buy
2022-10-19JefferiesMaintains Hold

Next Earnings Forecast Details

Next Earnings Details

Release Date
Jul 25, 2024
Period
Q2 / 2024
EPS Estimate
$0.02
Revenue Estimate
204.61M
Revenue Q2Q
-4.64%
EPS Q2Q
304.00%
Number of Analysts
7

Next Earnings Revisions

Revenue (1 Month)
0.00%
Revenue (3 Months)
-0.37%
EPS (1 Month)
0.00%
EPS (3 Months)
33.33%

Next Earnings Summary

AIRC is expected to report earnings on 7/25/2024. The consensus EPS estimate for the next earnings is 0.02 USD and the consensus revenue estimate is 204.61M USD.
The next earnings revenue estimate has been revised downward by 0.37% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Revenue
YoY % growth
AIRC revenue by date.AIRC revenue by date.
740.9M
2.96%		773.7M
4.43%		820.036M
5.99%		815.32M
-0.58%		843.07M
3.40%		878.46M
4.20%		905.73M
3.10%		932.33M
2.94%		957.8M
2.73%		925.09M
-3.42%		944.17M
2.06%
EBITDA
YoY % growth
AIRC ebitda by date.AIRC ebitda by date.
426.9M
40.89%		478.4M
12.06%		492.821M
3.01%		489.56M
-0.66%		504.52M
3.06%		515.92M
2.26%		548.34M
6.28%		542.79M
-1.01%		555.68M
2.37%		568.17M
2.25%		581.07M
2.27%
EBIT
YoY % growth
AIRC ebit by date.AIRC ebit by date.
107.2M
698.88%		127.5M
18.94%		150.228M
17.83%		168.06M
11.87%		181.91M
8.24%		192.07M
5.59%		203.81M
6.11%		216.05M
6.01%		227.29M
5.20%		237.99M
4.71%		248.96M
4.61%
Operating Margin
AIRC operating margin by date.AIRC operating margin by date.
14.47%16.48%18.32%20.61%21.58%21.86%22.50%23.17%23.73%25.73%26.37%
EPS
YoY % growth
AIRC eps by date.AIRC eps by date.
0.40
57.07%		3.21
702.50%		-0.40
-112.46%		0.14
135.70%		0.10
-28.57%		0.17
70.00%		0.40
129.41%		0.50
25.64%		0.61
22.45%		0.70
15.00%		0.80
13.04%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q2 / 24 Q3 / 24 Q4 / 24 Q1 / 25 Q2 / 25 Q3 / 25 Q4 / 25 Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26
EPS
Q2Q % growth		0.02
304.00%		0.03
115.30%		0.04
134.77%		-0.03
38.80%		-0.01
-150.00%		0.00
-100.00%		0.00
-100.00%		-0.01
66.67%		0.01
200.00%		0.020.02
Revenue
Q2Q % growth		204.61M
-4.64%		202.86M
2.81%		205.64M
4.73%		209.98M
7.34%		211.5M
3.37%		215.73M
6.34%		217.67M
5.85%		N/AN/AN/AN/A
EBITDA
Q2Q % growth		139.14M
-39.40%		137.63M
-54.49%		134.03M
-64.71%		132.28M
24.44%		139.37M
0.17%		81.205M
-41.00%		135.41M
1.03%		138.21M
4.48%		138.11M
-0.90%		139.74M
72.08%		141.37M
4.40%
EBIT
Q2Q % growth		14.872M
-66.73%		14.346M
-62.74%		16.767M
-54.98%		15.149M
-42.94%		13.818M
-7.09%		10.421M
-27.36%		14.63M
-12.75%		N/AN/AN/AN/A

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

AIRC Yearly Revenue VS EstimatesAIRC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 200M 400M 600M 800M
AIRC Yearly EPS VS EstimatesAIRC Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 0 1 2 3

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
34.51%
EPS Next 5 Year
26.58%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
1.70%
Revenue Next 5 Year
2.23%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
56.79%
EBIT Next 5 Year
32.31%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

Apartment Income REIT Corp / AIRC Forecast FAQ

What do analysts expect the price target to be for Apartment Income REIT Corp (AIRC)?

14 analysts have analysed AIRC and the average price target is 39.84 USD. This implies a price increase of 1.95% is expected in the next year compared to the current price of 39.08.

When does Apartment Income REIT Corp (AIRC) report earnings?

Apartment Income REIT Corp (AIRC) will report earnings on 2024-07-25, after the market close.

Can you provide the consensus estimates for Apartment Income REIT Corp next earnings?

The consensus EPS estimate for the next earnings of Apartment Income REIT Corp (AIRC) is 0.02 USD and the consensus revenue estimate is 204.61M USD.

Can you provide the expected long term growth rate for Apartment Income REIT Corp stock?

The expected long term growth rate for Apartment Income REIT Corp (AIRC) is 1.7%.