Apartment Investment and Management Company (AIV) Receives $47.63 Average Price Target from Brokerages

Shares of Apartment Investment and Management Company (NYSE:AIV) have been assigned an average rating of “Hold” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $47.63.

Several research firms have weighed in on AIV. Robert W. Baird reaffirmed a “hold” rating and set a $46.00 target price on shares of Apartment Investment and Management in a research note on Tuesday, October 17th. BMO Capital Markets reaffirmed a “sell” rating and set a $44.00 target price on shares of Apartment Investment and Management in a research note on Monday, November 27th. TheStreet cut Apartment Investment and Management from a “b-” rating to a “c+” rating in a research note on Friday, November 3rd. UBS cut Apartment Investment and Management from a “buy” rating to a “neutral” rating and set a $48.00 target price on the stock. in a research note on Friday, September 8th. Finally, Mizuho raised Apartment Investment and Management from an “underperform” rating to a “neutral” rating and set a $47.00 target price on the stock in a research note on Monday, November 6th.

In related news, insider John E. Bezzant sold 7,564 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $44.77, for a total value of $338,640.28. Following the completion of the sale, the insider now owns 48,422 shares of the company’s stock, valued at approximately $2,167,852.94. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Terry Considine sold 111,577 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $44.01, for a total value of $4,910,503.77. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. ING Groep NV grew its stake in shares of Apartment Investment and Management by 0.4% in the 2nd quarter. ING Groep NV now owns 8,048 shares of the real estate investment trust’s stock valued at $346,000 after buying an additional 29 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Apartment Investment and Management by 0.5% in the 2nd quarter. CIBC Asset Management Inc now owns 13,451 shares of the real estate investment trust’s stock valued at $578,000 after buying an additional 69 shares in the last quarter. Utah Retirement Systems grew its stake in shares of Apartment Investment and Management by 0.3% in the 2nd quarter. Utah Retirement Systems now owns 35,735 shares of the real estate investment trust’s stock valued at $1,535,000 after buying an additional 96 shares in the last quarter. Sentry Investment Management LLC lifted its holdings in Apartment Investment and Management by 1.1% in the 2nd quarter. Sentry Investment Management LLC now owns 12,340 shares of the real estate investment trust’s stock worth $530,000 after purchasing an additional 130 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in Apartment Investment and Management by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 76,133 shares of the real estate investment trust’s stock worth $3,271,000 after purchasing an additional 233 shares during the last quarter. 98.30% of the stock is owned by institutional investors and hedge funds.

Shares of Apartment Investment and Management (AIV) traded up $0.28 on Thursday, reaching $44.13. The company had a trading volume of 750,932 shares, compared to its average volume of 885,489. The stock has a market cap of $6,929.42, a PE ratio of 18.24, a P/E/G ratio of 2.65 and a beta of 0.46. Apartment Investment and Management has a 1 year low of $41.87 and a 1 year high of $46.85. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.59 and a quick ratio of 0.59.

Apartment Investment and Management (NYSE:AIV) last released its earnings results on Thursday, October 26th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.51). Apartment Investment and Management had a net margin of 21.36% and a return on equity of 13.81%. The business had revenue of $254.64 million for the quarter, compared to analysts’ expectations of $249.17 million. During the same period last year, the firm earned $0.54 EPS. equities analysts anticipate that Apartment Investment and Management will post 2.45 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Friday, November 17th were paid a $0.36 dividend. The ex-dividend date was Thursday, November 16th. This represents a $1.44 annualized dividend and a dividend yield of 3.26%. Apartment Investment and Management’s payout ratio is 109.92%.

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About Apartment Investment and Management

Apartment Investment and Management Company (Aimco) is a self-administered and self-managed real estate investment trust (REIT). Aimco, through its subsidiaries, AIMCO-GP, Inc and AIMCO-LP Trust, holds the ownership interests in the Aimco Operating Partnership. It operates through two segments: conventional real estate and affordable real estate.

Analyst Recommendations for Apartment Investment and Management (NYSE:AIV)

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