Apartment Investment and Management Company (AIV) Given Consensus Recommendation of “Hold” by Analysts

Shares of Apartment Investment and Management Company (NYSE:AIV) have been given a consensus rating of “Hold” by the twelve brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $47.75.

AIV has been the topic of a number of research analyst reports. Zacks Investment Research raised Apartment Investment and Management from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Monday, July 24th. BidaskClub raised Apartment Investment and Management from a “hold” rating to a “buy” rating in a report on Friday, August 11th. TheStreet cut Apartment Investment and Management from a “b-” rating to a “c+” rating in a report on Friday, November 3rd. Canaccord Genuity set a $50.00 price target on Apartment Investment and Management and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Finally, Robert W. Baird reissued a “hold” rating and issued a $46.00 price target on shares of Apartment Investment and Management in a report on Tuesday, September 12th.

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In other Apartment Investment and Management news, CEO Terry Considine sold 111,577 shares of Apartment Investment and Management stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $44.01, for a total value of $4,910,503.77. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Keith M. Kimmel sold 10,000 shares of Apartment Investment and Management stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $46.00, for a total value of $460,000.00. Following the completion of the sale, the executive vice president now directly owns 28,481 shares in the company, valued at approximately $1,310,126. 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 added to or reduced their stakes in the company. ING Groep NV increased its position in shares of Apartment Investment and Management by 0.4% during the 2nd quarter. ING Groep NV now owns 8,048 shares of the real estate investment trust’s stock valued at $346,000 after purchasing an additional 29 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Apartment Investment and Management by 0.5% during 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 purchasing an additional 69 shares during the last quarter. Utah Retirement Systems increased its position in shares of Apartment Investment and Management by 0.3% during 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 purchasing an additional 96 shares during the last quarter. Sentry Investment Management LLC increased its position in shares of Apartment Investment and Management by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 12,340 shares of the real estate investment trust’s stock valued at $530,000 after purchasing an additional 130 shares during the last quarter. Finally, Retirement Systems of Alabama increased its position in shares of Apartment Investment and Management by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 76,133 shares of the real estate investment trust’s stock valued at $3,271,000 after purchasing an additional 233 shares during the last quarter. 98.78% of the stock is currently owned by hedge funds and other institutional investors.

Apartment Investment and Management (NYSE:AIV) opened at $45.13 on Friday. 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 twelve month low of $39.66 and a twelve month high of $46.85. The company has a market capitalization of $7,086.45, a P/E ratio of 18.65, a P/E/G ratio of 2.68 and a beta of 0.47.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.11 EPS for the quarter, missing the Zacks’ 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 analysts’ expectations of $249.17 million. During the same period in the prior year, the firm posted $0.54 earnings per share. analysts anticipate that Apartment Investment and Management will post 2.45 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, November 17th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Thursday, November 16th. Apartment Investment and Management’s payout ratio is 109.92%.

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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