Apartment Investment and Management Co (AIV) Receives Consensus Recommendation of “Hold” from Brokerages

Apartment Investment and Management Co (NYSE:AIV) has received a consensus recommendation of “Hold” from the fourteen research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $45.75.

AIV has been the topic of a number of recent research reports. Scotiabank initiated coverage on Apartment Investment and Management in a research report on Tuesday, October 16th. They set an “underperform” rating on the stock. Mizuho reissued a “hold” rating and set a $44.00 target price on shares of Apartment Investment and Management in a research report on Monday, August 6th. Jefferies Financial Group lifted their target price on Apartment Investment and Management from $42.00 to $46.00 and gave the stock a “hold” rating in a research report on Thursday, August 16th. Zacks Investment Research raised Apartment Investment and Management from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $44.00 price objective on shares of Apartment Investment and Management in a report on Thursday, July 5th.

In other Apartment Investment and Management news, insider Keith M. Kimmel sold 25,000 shares of Apartment Investment and Management stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $43.21, for a total transaction of $1,080,250.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its holdings in Apartment Investment and Management by 0.4% during the third quarter. Victory Capital Management Inc. now owns 304,769 shares of the real estate investment trust’s stock valued at $13,449,000 after purchasing an additional 1,201 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Apartment Investment and Management by 25.4% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 9,035 shares of the real estate investment trust’s stock valued at $398,000 after acquiring an additional 1,830 shares during the last quarter. Xact Kapitalforvaltning AB raised its stake in shares of Apartment Investment and Management by 13.7% in the first quarter. Xact Kapitalforvaltning AB now owns 15,811 shares of the real estate investment trust’s stock valued at $644,000 after acquiring an additional 1,900 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Apartment Investment and Management by 2.6% in the third quarter. Nisa Investment Advisors LLC now owns 74,404 shares of the real estate investment trust’s stock valued at $3,283,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Laurion Capital Management LP raised its stake in shares of Apartment Investment and Management by 22.5% in the second quarter. Laurion Capital Management LP now owns 10,500 shares of the real estate investment trust’s stock valued at $444,000 after acquiring an additional 1,930 shares during the last quarter. 98.85% of the stock is currently owned by institutional investors.

AIV stock traded up $0.65 during trading on Friday, reaching $43.65. 56,250 shares of the stock were exchanged, compared to its average volume of 1,252,938. Apartment Investment and Management has a twelve month low of $37.97 and a twelve month high of $45.64. The company has a market cap of $6.88 billion, a PE ratio of 17.84, a price-to-earnings-growth ratio of 3.75 and a beta of 0.42. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 2.93.

Apartment Investment and Management (NYSE:AIV) last released its earnings results on Thursday, November 1st. The real estate investment trust reported $3.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $3.00. Apartment Investment and Management had a return on equity of 25.11% and a net margin of 36.78%. The business had revenue of $242.48 million for the quarter, compared to the consensus estimate of $239.80 million. During the same period last year, the business earned $0.63 earnings per share. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, equities research analysts anticipate that Apartment Investment and Management will post 2.44 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 16th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Thursday, November 15th. Apartment Investment and Management’s payout ratio is 62.04%.

Apartment Investment and Management Company Profile

Aimco is a real estate investment trust focused on the ownership and management of quality apartment communities located in select markets in the United States. Aimco is one of the country's largest owners and operators of apartments, with ownership interests in 133 communities in 17 states and the District of Columbia.

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

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