Apartment Investment and Management (AIV) Stock Rating Lowered by Raymond James Financial

Apartment Investment and Management (NYSE:AIV) was downgraded by analysts at Raymond James Financial from a “strong-buy” rating to an “outperform” rating in a research report issued on Tuesday.

A number of other brokerages also recently commented on AIV. Robert W. Baird restated a “hold” rating and issued a $46.00 target price on shares of Apartment Investment and Management in a research note on Tuesday, October 17th. Zacks Investment Research downgraded Apartment Investment and Management from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. BMO Capital Markets restated a “sell” rating and issued a $44.00 target price on shares of Apartment Investment and Management in a research note on Monday, November 27th. TheStreet cut Apartment Investment and Management from a “b-” rating to a “c+” rating in a report on Friday, November 3rd. Finally, UBS cut Apartment Investment and Management from a “buy” rating to a “neutral” rating and set a $48.00 price target for the company. in a report on Friday, September 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $47.89.

Shares of Apartment Investment and Management (NYSE:AIV) traded up $0.13 during trading hours on Tuesday, reaching $44.26. The company had a trading volume of 979,100 shares, compared to its average volume of 1,062,421. Apartment Investment and Management has a 12 month low of $41.87 and a 12 month high of $46.85. The firm has a market cap of $6,870.00, a price-to-earnings ratio of 18.24, a P/E/G ratio of 2.65 and a beta of 0.46. 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 (NYSE:AIV) last announced its earnings results on Thursday, October 26th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.51). The business had revenue of $254.64 million for the quarter, compared to analyst estimates of $249.17 million. Apartment Investment and Management had a net margin of 21.36% and a return on equity of 13.81%. During the same period in the prior year, the company earned $0.54 earnings per share. equities analysts predict that Apartment Investment and Management will post 2.45 earnings per share for the current fiscal year.

In related news, CEO Terry Considine sold 111,577 shares of the 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John E. Bezzant sold 7,564 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $44.77, for a total value of $338,640.28. Following the completion of the sale, the insider now directly owns 48,422 shares of the company’s stock, valued at approximately $2,167,852.94. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of AIV. Schroder Investment Management Group purchased a new position in shares of Apartment Investment and Management during the second quarter worth $124,000. Vident Investment Advisory LLC purchased a new position in shares of Apartment Investment and Management during the third quarter worth $202,000. Raymond James Trust N.A. purchased a new position in shares of Apartment Investment and Management during the second quarter worth $217,000. Shelton Capital Management purchased a new position in shares of Apartment Investment and Management during the second quarter worth $246,000. Finally, CAPROCK Group Inc. purchased a new position in shares of Apartment Investment and Management during the third quarter worth $251,000. Institutional investors own 98.30% of the company’s stock.

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Apartment Investment and Management Company Profile

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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