Citigroup has decided to maintain its Buy rating of Apartment Income REIT AIRC and lower its price target from $47.00 to $42.00.
Shares of Apartment Income REIT are trading up 0.46% over the last 24 hours, at $36.83 per share.
A move to $42.00 would account for a 14.04% increase from the current share price.
About Apartment Income REIT
Apartment Investment and Management Co. owns a portfolio of 84 apartment communities with over 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.
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