Shares of Apartment Income REIT Corp. (AIRC) Rise Above Previous 52-Week High

March 15, 2021 11:10:28

Apartment Income REIT Corp. (NYSE:AIRC) traded today at a new 52-week high of $45.15. This new high was reached on below average trading volume as 345,000 shares traded hands, while the average 30-day volume is approximately 1.1 million shares.

Based on a current price of $44.82, Apartment Income REIT Corp. is currently 1.1% above its average consensus analyst price target of $44.32.

In the past 52 weeks, Apartment Income REIT Corp. share prices are bracketed by a low of $35.99 and a high of $45.15 and is now at $44.82, 25% above that low price.

Apartment Investment and Management Co. owns a portfolio of 125 apartment communities with almost 33,000 units and is currently developing seven additional properties with 1,297 units. The company focuses on owning large, high-quality properties in the urban and suburban submarkets of Atlanta, Boston, Chicago, Denver, Los Angeles, Miami, New York, Philadelphia, San Diego, San Francisco, Seattle, and Washington, D.C..

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