Blackstone's Acquisition Of Apartment Income REIT Is Likely Priced In [Seeking Alpha]
Apartment Income REIT Corp. (AIRC)
Company Research
Source: Seeking Alpha
Apartment Income REIT Corp.'s market price surged by over 20% upon the announcement of the acquisition. The surge in price may have already priced in the acquisition, and technical indicators suggest that AIRC stock is overpriced. AIRC REIT's fundamentals are robust and will likely provide Blackstone with synergies. However, we think its upside story is over and done. Today's article dials in on Apartment Income REIT Corp. (NYSE: NYSE: AIRC , a U.S.-based REIT targeting upmarket residential units. The rationale for this thesis stems from Blackstone's ( NYSE: BX ) agreement to acquire Apartment Income REIT Corp. in a deal worth a reported $10 billion Apartment Income REIT Corp.'s market price surged by more than 20% upon the announcement of the acquisition. This presents us with the opportunity to assess whether the acquisition is already priced in. Here is our take. Blackstone's Acquisition Of Apartment Income REIT As already mentioned, Blackstone is set to acquire Apar
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AIRC
News
- STOCKHOLDER ALERT: The M&A Class Action Firm Continues Investigating the Merger – INRD, AIRC, MODN, ABIOGlobeNewswire
- Kuehn Law Encourages INRD, AIRC, ELYM, and ALPN Investors to Contact Law FirmGlobeNewswire
- BSR REIT: The Next Multifamily M&A Target? [Seeking Alpha]Seeking Alpha
- BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Shockwave Medical, Inc. (Nasdaq – SWAV), Apartment Income REIT Corp. (NYSE - AIRC), Model N, Inc. (NYSE – MODN), ARCA biopharma, Inc. (Nasdaq - ABIO)GlobeNewswire
- Blackstone Buys Apartment Income REIT: Value Investors Rejoice [Seeking Alpha]Seeking Alpha
AIRC
Earnings
- 2/8/24 - Miss
AIRC
Sec Filings
- 4/29/24 - Form 10-K/A
- 4/19/24 - Form DEFA14A
- 4/19/24 - Form 8-K
- AIRC's page on the SEC website