Apartment Investment & Management Co. (NYSE:AIV) was downgraded by stock analysts at RBC Capital to a “sector perform” rating in a report issued on Thursday, Analyst Ratings Network.com reports.
Shares of Apartment Investment & Management Co. (NYSE:AIV) opened at 27.52 on Thursday. Apartment Investment & Management Co. has a one year low of $24.05 and a one year high of $33.44. The stock has a 50-day moving average of $28.47 and a 200-day moving average of $29.50. The company has a market cap of $4.000 billion and a P/E ratio of 32.19.
Apartment Investment & Management Co. (NYSE:AIV) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.50 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.51 by $0.01. The company had revenue of $254.51 million for the quarter, compared to the consensus estimate of $256.13 million. During the same quarter last year, the company posted $0.38 earnings per share. Apartment Investment & Management Co.’s revenue was up .7% compared to the same quarter last year. On average, analysts predict that Apartment Investment & Management Co. will post $2.04 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Wednesday, November 13th.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Apartment Investment & Management Co. in a research note to investors on Friday, September 6th. They now have a $29.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Apartment Investment & Management Co. currently has an average rating of “Hold” and a consensus target price of $32.43.
Apartment Investment and Management Company (NYSE:AIV) is a self-administered and self-managed real estate investment trust (REIT).
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