Apartment Investment and Management Co (NYSE:AIV) Receives Consensus Recommendation of “Hold” from Analysts

Apartment Investment and Management Co (NYSE:AIV) has been given an average rating of “Hold” by the ten analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $54.00.

Several brokerages have recently issued reports on AIV. Mizuho raised Apartment Investment and Management from a “neutral” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Tuesday, August 6th. Barclays set a $53.00 price objective on Apartment Investment and Management and gave the company a “hold” rating in a report on Friday. BMO Capital Markets raised Apartment Investment and Management from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $56.00 to $58.00 in a report on Friday, September 6th. ValuEngine cut Apartment Investment and Management from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, SunTrust Banks boosted their price objective on Apartment Investment and Management from $49.00 to $50.00 and gave the company a “hold” rating in a report on Thursday, August 29th.

In related news, Director Kathleen M. Nelson sold 2,400 shares of Apartment Investment and Management stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $50.16, for a total value of $120,384.00. Following the completion of the transaction, the director now owns 44,329 shares in the company, valued at approximately $2,223,542.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.83% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in AIV. Nuveen Asset Management LLC increased its stake in shares of Apartment Investment and Management by 191.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,852,566 shares of the real estate investment trust’s stock valued at $92,850,000 after purchasing an additional 1,217,071 shares in the last quarter. Morgan Stanley increased its stake in Apartment Investment and Management by 43.2% during the 2nd quarter. Morgan Stanley now owns 1,815,925 shares of the real estate investment trust’s stock worth $91,014,000 after buying an additional 547,576 shares in the last quarter. Long Pond Capital LP purchased a new stake in Apartment Investment and Management during the 2nd quarter worth approximately $27,401,000. Balyasny Asset Management LLC increased its stake in Apartment Investment and Management by 46.8% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,396,811 shares of the real estate investment trust’s stock worth $70,008,000 after buying an additional 445,430 shares in the last quarter. Finally, Hexavest Inc. purchased a new stake in Apartment Investment and Management during the 2nd quarter worth approximately $22,138,000. Hedge funds and other institutional investors own 95.72% of the company’s stock.

Shares of AIV stock opened at $53.75 on Tuesday. The stock has a market cap of $7.94 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 4.74 and a beta of 0.54. The business has a 50-day simple moving average of $51.76 and a 200-day simple moving average of $50.71. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 2.17. Apartment Investment and Management has a 52-week low of $41.90 and a 52-week high of $53.92.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.01). The company had revenue of $224.20 million during the quarter, compared to analyst estimates of $224.36 million. Apartment Investment and Management had a net margin of 98.61% and a return on equity of 49.61%. The business’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same period last year, the firm earned $0.59 EPS. Sell-side analysts anticipate that Apartment Investment and Management will post 2.48 earnings per share 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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