Media stories about Apartment Investment and Management (NYSE:AIV) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring 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 closest to one being the most favorable. Apartment Investment and Management earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.3166764073797 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
AIV has been the topic of several research reports. SunTrust Banks raised Apartment Investment and Management from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Monday, January 22nd. TheStreet cut Apartment Investment and Management from a “b-” rating to a “c+” rating in a report on Friday, November 3rd. Mizuho set a $39.00 price target on Apartment Investment and Management and gave the company a “hold” rating in a report on Friday, February 9th. Zelman & Associates raised Apartment Investment and Management from a “sell” rating to a “hold” rating in a report on Friday, February 9th. Finally, Zacks Investment Research raised Apartment Investment and Management from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $46.64.
Apartment Investment and Management (NYSE:AIV) traded up $0.28 during midday trading on Thursday, reaching $38.28. 1,120,830 shares of the company’s stock traded hands, compared to its average volume of 1,210,000. Apartment Investment and Management has a 12-month low of $37.97 and a 12-month high of $46.85. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.59 and a current ratio of 0.65. The stock has a market cap of $6,010.00, a PE ratio of 957.00, a price-to-earnings-growth ratio of 2.59 and a beta of 0.41.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Friday, February 16th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.97%. This is a boost from Apartment Investment and Management’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, February 15th. Apartment Investment and Management’s payout ratio is presently 3,800.00%.
In other Apartment Investment and Management news, EVP Miles Cortez sold 2,587 shares of Apartment Investment and Management stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $41.90, for a total transaction of $108,395.30. Following the transaction, the executive vice president now directly owns 102,456 shares in the company, valued at approximately $4,292,906.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lisa R. Cohn sold 2,858 shares of Apartment Investment and Management stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $41.80, for a total transaction of $119,464.40. Following the transaction, the insider now owns 53,071 shares in the company, valued at $2,218,367.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,534 shares of company stock worth $979,784. Corporate insiders own 1.20% of the company’s stock.
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.
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