Apartment Investment and Management (NYSE:AIV) Upgraded to “Neutral” at BofA Securities

Share on StockTwits

BofA Securities upgraded shares of Apartment Investment and Management (NYSE:AIV) from an underperform rating to a neutral rating in a report published on Monday, Briefing.com reports.

AIV has been the topic of a number of other research reports. Bank of America cut Apartment Investment and Management from a neutral rating to an underperform rating in a research report on Monday, May 18th. Raymond James cut Apartment Investment and Management from an outperform rating to a market perform rating in a research report on Friday, June 12th. Zelman & Associates cut Apartment Investment and Management from a hold rating to a sell rating in a research report on Friday, July 17th. Goldman Sachs Group lowered Apartment Investment and Management from a buy rating to a neutral rating and cut their price target for the company from $48.00 to $41.00 in a research note on Wednesday, September 9th. Finally, Zacks Investment Research raised Apartment Investment and Management from a sell rating to a hold rating and set a $39.00 price target on the stock in a research note on Friday, September 4th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. Apartment Investment and Management currently has a consensus rating of Hold and an average price target of $41.29.

Apartment Investment and Management stock opened at $37.18 on Monday. Apartment Investment and Management has a 12-month low of $24.53 and a 12-month high of $55.68. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 2.76. The business’s 50-day moving average price is $36.64 and its two-hundred day moving average price is $37.68. The stock has a market cap of $5.53 billion, a PE ratio of 30.73 and a beta of 0.76.

Apartment Investment and Management (NYSE:AIV) last released its earnings results on Monday, August 3rd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.35). Apartment Investment and Management had a net margin of 20.09% and a return on equity of 10.05%. The business had revenue of $218.08 million during the quarter, compared to the consensus estimate of $218.05 million. During the same quarter in the prior year, the firm earned $0.60 EPS. The business’s revenue was down 2.7% on a year-over-year basis. As a group, analysts expect that Apartment Investment and Management will post 2.5 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date was Thursday, August 13th. Apartment Investment and Management’s payout ratio is 65.60%.

Several institutional investors have recently bought and sold shares of the stock. Schnieders Capital Management LLC lifted its stake in shares of Apartment Investment and Management by 4.0% in the second quarter. Schnieders Capital Management LLC now owns 7,783 shares of the real estate investment trust’s stock worth $293,000 after acquiring an additional 300 shares during the period. Nissay Asset Management Corp Japan ADV lifted its stake in shares of Apartment Investment and Management by 3.0% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 11,607 shares of the real estate investment trust’s stock worth $408,000 after acquiring an additional 342 shares during the period. Global Wealth Management Investment Advisory Inc. lifted its stake in shares of Apartment Investment and Management by 98.1% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 929 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 460 shares during the period. Glenmede Trust Co. NA increased its holdings in Apartment Investment and Management by 129.4% in the second quarter. Glenmede Trust Co. NA now owns 867 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 489 shares in the last quarter. Finally, Optimum Investment Advisors increased its holdings in Apartment Investment and Management by 16.0% in the second quarter. Optimum Investment Advisors now owns 3,711 shares of the real estate investment trust’s stock worth $140,000 after purchasing an additional 512 shares in the last quarter.

About Apartment Investment and Management

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.

Recommended Story: How big is the FinTech market?

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

Receive News & Ratings for Apartment Investment and Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apartment Investment and Management and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Apartment Investment and Management  Upgraded to “Neutral” at BofA Securities
Apartment Investment and Management Upgraded to “Neutral” at BofA Securities
Xperi Corp  Short Interest Update
Xperi Corp Short Interest Update
DENTSPLY SIRONA Inc  Short Interest Update
DENTSPLY SIRONA Inc Short Interest Update
ClearBridge Dividend Strategy ESG ETF  Sees Large Drop in Short Interest
ClearBridge Dividend Strategy ESG ETF Sees Large Drop in Short Interest
Yield10 Bioscience Inc  Short Interest Update
Yield10 Bioscience Inc Short Interest Update
Critical Review: NYSE:SLQT  vs. The Competition
Critical Review: NYSE:SLQT vs. The Competition


 
© 2006-2020 Zolmax.