Apartment Investment and Management (AIV) Stock Rating Reaffirmed by Barclays

Barclays restated their hold rating on shares of Apartment Investment and Management (NYSE:AIV) in a report issued on Tuesday morning, AnalystRatings.com reports. They currently have a $51.00 price objective on the real estate investment trust’s stock.

Several other research analysts have also commented on the company. Zacks Investment Research upgraded Apartment Investment and Management from a sell rating to a hold rating in a report on Wednesday, April 10th. BMO Capital Markets reissued a hold rating and set a $54.00 price objective on shares of Apartment Investment and Management in a research report on Monday, March 25th. Wells Fargo & Co reissued a buy rating on shares of Apartment Investment and Management in a research report on Monday, March 4th. Finally, SunTrust Banks downgraded Apartment Investment and Management from a buy rating to a hold rating and set a $48.00 price objective for the company. in a research report on Monday, February 25th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $49.25.

NYSE AIV opened at $49.40 on Tuesday. Apartment Investment and Management has a 52 week low of $38.54 and a 52 week high of $51.25. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.32 and a current ratio of 0.32. The firm has a market cap of $7.34 billion, a PE ratio of 19.37, a P/E/G ratio of 3.76 and a beta of 0.68.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings results on Monday, February 4th. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.61). Apartment Investment and Management had a return on equity of 39.20% and a net margin of 68.29%. The company had revenue of $232.00 million for the quarter, compared to analysts’ expectations of $234.44 million. During the same quarter in the prior year, the firm earned $1.67 EPS. The firm’s revenue was down 9.1% on a year-over-year basis. Sell-side analysts expect that Apartment Investment and Management will post 2.51 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 22nd were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.16%. This is an increase from Apartment Investment and Management’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, February 21st. Apartment Investment and Management’s dividend payout ratio (DPR) is presently 61.18%.

In other Apartment Investment and Management news, CEO Terry Considine sold 100,000 shares of Apartment Investment and Management stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $49.28, for a total value of $4,928,000.00. Following the completion of the transaction, the chief executive officer now directly owns 378,365 shares of the company’s stock, valued at approximately $18,645,827.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Lisa R. Cohn sold 831 shares of Apartment Investment and Management stock in a transaction dated Monday, January 28th. The shares were sold at an average price of $48.00, for a total value of $39,888.00. Following the completion of the transaction, the executive vice president now directly owns 72,923 shares of the company’s stock, valued at $3,500,304. The disclosure for this sale can be found here. Insiders have sold a total of 167,177 shares of company stock valued at $8,248,379 over the last three months. Corporate insiders own 2.83% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Altshuler Shaham Ltd acquired a new position in Apartment Investment and Management in the 4th quarter valued at about $26,000. We Are One Seven LLC acquired a new position in Apartment Investment and Management in the 4th quarter valued at about $39,000. Private Capital Group LLC grew its position in Apartment Investment and Management by 24.5% in the 4th quarter. Private Capital Group LLC now owns 1,101 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 217 shares in the last quarter. Dupont Capital Management Corp grew its position in Apartment Investment and Management by 38.0% in the 4th quarter. Dupont Capital Management Corp now owns 2,262 shares of the real estate investment trust’s stock valued at $99,000 after acquiring an additional 623 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in Apartment Investment and Management in the 3rd quarter valued at about $118,000.

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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