Apartment Investment and Management Co (NYSE:AIV) Given Consensus Recommendation of “Hold” by Brokerages

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Apartment Investment and Management Co (NYSE:AIV) has received an average rating of “Hold” from the ten analysts that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $56.40.

A number of analysts have recently issued reports on the stock. TheStreet downgraded shares of Apartment Investment and Management from a “b” rating to a “c+” rating in a report on Thursday, October 31st. Barclays set a $53.00 price objective on shares of Apartment Investment and Management and gave the stock a “hold” rating in a report on Friday, October 11th. SunTrust Banks raised their price objective on shares of Apartment Investment and Management from $50.00 to $54.00 and gave the stock a “hold” rating in a report on Friday, November 29th. Finally, Goldman Sachs Group initiated coverage on shares of Apartment Investment and Management in a report on Friday, November 8th. They issued a “buy” rating and a $62.00 price objective on the stock.

In related news, CEO Terry Considine sold 37,325 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $51.22, for a total value of $1,911,786.50. Following the transaction, the chief executive officer now owns 280,879 shares of the company’s stock, valued at $14,386,622.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.83% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of AIV. Schroder Investment Management Group boosted its holdings in shares of Apartment Investment and Management by 2.1% in the second quarter. Schroder Investment Management Group now owns 646,694 shares of the real estate investment trust’s stock worth $32,412,000 after buying an additional 13,099 shares during the last quarter. A.R.T. Advisors LLC bought a new stake in Apartment Investment and Management during the 2nd quarter worth approximately $314,000. AMP Capital Investors Ltd raised its stake in Apartment Investment and Management by 6.9% during the 2nd quarter. AMP Capital Investors Ltd now owns 42,582 shares of the real estate investment trust’s stock worth $2,118,000 after acquiring an additional 2,764 shares during the period. Bank of America Corp DE raised its stake in Apartment Investment and Management by 25.4% during the 2nd quarter. Bank of America Corp DE now owns 780,762 shares of the real estate investment trust’s stock worth $39,131,000 after acquiring an additional 158,293 shares during the period. Finally, Man Group plc bought a new stake in Apartment Investment and Management during the 2nd quarter worth approximately $7,682,000. 98.73% of the stock is currently owned by institutional investors.

Shares of NYSE AIV opened at $53.00 on Thursday. The firm’s 50-day moving average price is $51.60 and its 200-day moving average price is $51.94. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 2.38. The company has a market cap of $7.94 billion, a PE ratio of 22.84, a PEG ratio of 3.88 and a beta of 0.48. Apartment Investment and Management has a 52-week low of $46.88 and a 52-week high of $55.49.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.62). The company had revenue of $229.80 million for the quarter, compared to analysts’ expectations of $224.73 million. Apartment Investment and Management had a net margin of 37.98% and a return on equity of 19.60%. The business’s revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.61 EPS. As a group, equities research analysts anticipate that Apartment Investment and Management will post 2.5 EPS for the current fiscal year.

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 132 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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