Apartment Investment and Management Co (NYSE:AIV) has earned a consensus rating of “Hold” from the thirteen analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $46.88.
Several brokerages have weighed in on AIV. TheStreet raised Apartment Investment and Management from a “c+” rating to a “b” rating in a report on Thursday, November 1st. Zacks Investment Research raised Apartment Investment and Management from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Monday, November 26th. ValuEngine raised Apartment Investment and Management from a “hold” rating to a “buy” rating in a report on Tuesday, November 20th. Wells Fargo & Co set a $50.00 price objective on Apartment Investment and Management and gave the stock a “buy” rating in a report on Friday, November 16th. Finally, Scotiabank began coverage on Apartment Investment and Management in a report on Tuesday, October 16th. They set an “underperform” rating for the company.
In other news, insider Lisa R. Cohn sold 5,000 shares of the company’s stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $45.62, for a total value of $228,100.00. Following the completion of the sale, the insider now directly owns 73,754 shares of the company’s stock, valued at approximately $3,364,657.48. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas L. Keltner sold 3,500 shares of the company’s stock in a transaction dated Monday, December 17th. The shares were sold at an average price of $46.67, for a total value of $163,345.00. Following the completion of the sale, the director now directly owns 37,829 shares of the company’s stock, valued at $1,765,479.43. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Point72 Hong Kong Ltd bought a new stake in shares of Apartment Investment and Management in the 3rd quarter valued at about $118,000. Honkamp Krueger Financial Services Inc. bought a new stake in Apartment Investment and Management during the 3rd quarter worth approximately $130,000. Advisors Asset Management Inc. increased its stake in Apartment Investment and Management by 85,310.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,641,587 shares of the real estate investment trust’s stock worth $174,000 after purchasing an additional 1,639,665 shares in the last quarter. Rehmann Capital Advisory Group increased its stake in Apartment Investment and Management by 4,153.6% during the 3rd quarter. Rehmann Capital Advisory Group now owns 8,252 shares of the real estate investment trust’s stock worth $187,000 after purchasing an additional 8,058 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC bought a new stake in Apartment Investment and Management during the 2nd quarter worth approximately $275,000. 99.79% of the stock is owned by institutional investors.
Shares of NYSE AIV opened at $45.42 on Friday. The stock has a market cap of $6.87 billion, a P/E ratio of 18.54, a P/E/G ratio of 3.27 and a beta of 0.56. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.43 and a current ratio of 0.43. Apartment Investment and Management has a 12-month low of $37.97 and a 12-month high of $47.66.
Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $3.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $3.00. The business had revenue of $242.48 million for the quarter, compared to the consensus estimate of $239.80 million. Apartment Investment and Management had a net margin of 92.50% and a return on equity of 55.25%. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 EPS. On average, sell-side analysts forecast that Apartment Investment and Management will post 2.48 earnings per share for the current fiscal year.
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 133 communities in 17 states and the District of Columbia.
Read More: Institutional Investors
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