Apartment Investment and Management Co (NYSE:AIV) reached a new 52-week high during trading on Friday . The stock traded as high as $47.61 and last traded at $47.28, with a volume of 62407 shares. The stock had previously closed at $47.29.
Several equities research analysts have commented on the company. Zacks Investment Research raised Apartment Investment and Management from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Monday, November 26th. ValuEngine raised Apartment Investment and Management from a “hold” rating to a “buy” rating in a report on Tuesday, November 20th. Wells Fargo & Co set a $50.00 target price on Apartment Investment and Management and gave the stock a “buy” rating in a report on Friday, November 16th. Jefferies Financial Group boosted their target price on Apartment Investment and Management from $42.00 to $46.00 and gave the stock a “hold” rating in a report on Thursday, August 16th. Finally, TheStreet raised Apartment Investment and Management from a “c+” rating to a “b” rating in a report on Thursday, November 1st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $46.80.
The company has a debt-to-equity ratio of 1.76, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a market capitalization of $7.17 billion, a P/E ratio of 19.22, a price-to-earnings-growth ratio of 3.99 and a beta of 0.51.
Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $3.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $3.00. The firm had revenue of $242.48 million for the quarter, compared to the consensus estimate of $239.80 million. Apartment Investment and Management had a return on equity of 55.25% and a net margin of 92.50%. The company’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 earnings per share. Equities analysts anticipate that Apartment Investment and Management Co will post 2.5 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 16th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Thursday, November 15th. Apartment Investment and Management’s payout ratio is currently 62.04%.
In other news, insider Lisa R. Cohn sold 5,000 shares of the company’s stock in a transaction on Friday, November 9th. The stock was sold at an average price of $45.62, for a total transaction of $228,100.00. Following the transaction, the insider now directly owns 73,754 shares of the company’s stock, valued at $3,364,657.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.20% of the company’s stock.
Large investors have recently made changes to their positions in the company. Point72 Hong Kong Ltd bought a new position in shares of Apartment Investment and Management during the third quarter valued at $118,000. Honkamp Krueger Financial Services Inc. bought a new position in shares of Apartment Investment and Management during the third quarter valued at $130,000. Quad Cities Investment Group LLC purchased a new stake in Apartment Investment and Management during the second quarter valued at $150,000. Advisors Asset Management Inc. increased its position in Apartment Investment and Management by 85,310.4% during the second quarter. Advisors Asset Management Inc. now owns 1,641,587 shares of the real estate investment trust’s stock valued at $174,000 after acquiring an additional 1,639,665 shares during the last quarter. Finally, Rehmann Capital Advisory Group increased its position in Apartment Investment and Management by 4,153.6% during the third quarter. Rehmann Capital Advisory Group now owns 8,252 shares of the real estate investment trust’s stock valued at $187,000 after acquiring an additional 8,058 shares during the last quarter.
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Apartment Investment and Management Company Profile (NYSE:AIV)
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.
See Also: Asset Allocation
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