Shares of Apartment Income REIT Corp. (NYSE:AIRC) traded today at $50.47, eclipsing its 52-week high. This new high was reached on below average trading volume as 156,000 shares traded hands, while the average 30-day volume is approximately 947,000 shares.
Apartment Income REIT Corp. has overhead space with shares priced $50.37, or 56.4% below the average consensus analyst price target of $115.60.
Apartment Investment and Management Co. owns a portfolio of 99 apartment communities with almost 26,000 units. The company focuses on owning large, high-quality properties in the urban and suburban submarkets of Boston, Denver, Los Angeles, Miami, Philadelphia, San Diego, San Francisco, and Washington, D.C..
Apartment Income REIT Corp. share prices have moved between a 52-week high of $50.47 and a 52-week low of $35.99 and are now trading 40% above that low price at $50.37 per share.
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