Media coverage about Apartment Investment and Management (NYSE:AIV) has trended somewhat positive recently, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Apartment Investment and Management earned a news sentiment score of 0.03 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 46.314417793601 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have effected Accern’s scoring:
- Zacks: Analysts Anticipate Apartment Investment and Management Company (AIV) Will Announce Quarterly Sales of $247.34 Million (americanbankingnews.com)
- Apartment Investment & Management Co. : AIV-US: Dividend Analysis : November 17th, 2017 (record date) : By the numbers : November 17, 2017 (finance.yahoo.com)
- Apartment Investment & Management Co. breached its 50 day moving average in a Bearish Manner : AIV-US : November 16, 2017 (finance.yahoo.com)
- $0.63 Earnings Per Share Expected for Apartment Investment and Management Company (AIV) This Quarter (americanbankingnews.com)
- Ex-Dividend Reminder: Park National, Apartment Investment & Management and Primerica (nasdaq.com)
A number of brokerages have recently weighed in on AIV. TheStreet downgraded Apartment Investment and Management from a “b-” rating to a “c+” rating in a research note on Friday, November 3rd. Mizuho upgraded Apartment Investment and Management from an “underperform” rating to a “neutral” rating and set a $47.00 target price on the stock in a research note on Monday, November 6th. BMO Capital Markets restated a “sell” rating on shares of Apartment Investment and Management in a research note on Friday, October 27th. Zacks Investment Research upgraded Apartment Investment and Management from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd. Finally, 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $47.67.
Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.11 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.51). Apartment Investment and Management had a net margin of 21.36% and a return on equity of 13.81%. The firm had revenue of $254.64 million during the quarter, compared to analysts’ expectations of $249.17 million. During the same quarter in the previous year, the company posted $0.54 EPS. equities analysts expect that Apartment Investment and Management will post 2.44 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, November 17th will be paid a $0.36 dividend. The ex-dividend date is Thursday, November 16th. This represents a $1.44 annualized dividend and a yield of 3.26%. Apartment Investment and Management’s payout ratio is 109.92%.
In related news, EVP Keith M. Kimmel sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $46.00, for a total value of $460,000.00. Following the transaction, the executive vice president now owns 28,481 shares in the company, valued at $1,310,126. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Terry Considine sold 111,577 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $44.01, for a total value of $4,910,503.77. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.
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About Apartment Investment and Management
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.
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