Apartment Investment and Management’s (AIV) Hold Rating Reaffirmed at Robert W. Baird

Robert W. Baird reaffirmed their hold rating on shares of Apartment Investment and Management (NYSE:AIV) in a research note released on Tuesday morning. Robert W. Baird currently has a $42.00 price objective on the real estate investment trust’s stock.

AIV has been the topic of several other reports. BMO Capital Markets reiterated a sell rating and issued a $44.00 price target on shares of Apartment Investment and Management in a research report on Monday, November 27th. TheStreet downgraded shares of Apartment Investment and Management from a b- rating to a c+ rating in a research report on Friday, November 3rd. Raymond James Financial downgraded shares of Apartment Investment and Management from a strong-buy rating to an outperform rating and decreased their price target for the stock from $52.00 to $50.00 in a research report on Tuesday, December 12th. Mizuho raised shares of Apartment Investment and Management from an underperform rating to a neutral rating and set a $47.00 price objective for the company in a research note on Monday, November 6th. Finally, Zacks Investment Research cut shares of Apartment Investment and Management from a hold rating to a sell rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Apartment Investment and Management currently has an average rating of Hold and an average target price of $47.70.

Apartment Investment and Management (NYSE:AIV) traded down $0.52 on Tuesday, reaching $41.46. 942,155 shares of the company’s stock traded hands, compared to its average volume of 841,714. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 3.35. Apartment Investment and Management has a fifty-two week low of $41.16 and a fifty-two week high of $46.85. The company has a market capitalization of $6,590.00, a P/E ratio of 133.74, a PEG ratio of 2.47 and a beta of 0.46.

Apartment Investment and Management (NYSE:AIV) last released its quarterly 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 return on equity of 13.81% and a net margin of 21.36%. The business had revenue of $254.64 million during the quarter, compared to the consensus estimate of $249.17 million. During the same quarter in the previous year, the business posted $0.54 earnings per share. research analysts expect that Apartment Investment and Management will post 2.45 earnings per share for the current year.

In other news, insider John E. Bezzant sold 7,564 shares of the stock in a transaction on Friday, November 24th. The shares were 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 directly owns 48,422 shares of the company’s stock, valued at $2,167,852.94. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Terry Considine sold 111,577 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $44.01, for a total transaction of $4,910,503.77. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Schroder Investment Management Group bought a new position in Apartment Investment and Management during the second quarter valued at $124,000. Vident Investment Advisory LLC bought a new position in Apartment Investment and Management during the third quarter valued at $202,000. Raymond James Trust N.A. bought a new position in Apartment Investment and Management during the second quarter valued at $217,000. Shelton Capital Management bought a new position in Apartment Investment and Management during the second quarter valued at $246,000. Finally, CAPROCK Group Inc. bought a new position in Apartment Investment and Management during the third quarter valued at $251,000. 98.17% of the stock is owned by institutional investors.

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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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