Shares of Apartment Income REIT Corp. (NYSE:AIRC) traded today at $45.89, eclipsing its 52-week high. Approximately 714,000 shares have changed hands today, as compared to an average 30-day volume of 1.1 million shares.
Over the past year, Apartment Income REIT Corp. has traded in a range of $35.99 to $45.89 and is now at $45.02, 25% above that low.
Apartment Income REIT Corp. (NYSE:AIRC) is currently priced 1.6% above its average consensus analyst price target of $44.32.
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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