Apartment Investment and Management Co (AIV) Receives $46.88 Average PT from Analysts

Shares of Apartment Investment and Management Co (NYSE:AIV) have been assigned a consensus rating of “Hold” from the thirteen ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $46.88.

AIV has been the subject of several research reports. Zacks Investment Research downgraded Apartment Investment and Management from a “buy” rating to a “hold” rating in a report on Monday, December 17th. Scotiabank initiated coverage on Apartment Investment and Management in a report on Tuesday, October 16th. They set an “underperform” rating for the company. TheStreet raised Apartment Investment and Management from a “c+” rating to a “b” rating in a report on Thursday, November 1st. Wells Fargo & Co set a $50.00 price target on Apartment Investment and Management and gave the company a “buy” rating in a report on Friday, November 16th. Finally, ValuEngine raised Apartment Investment and Management from a “hold” rating to a “buy” rating in a report on Tuesday, November 20th.

In related news, Director Thomas L. Keltner sold 3,500 shares of the firm’s stock in a transaction on Monday, December 17th. The stock was sold at an average price of $46.67, for a total value of $163,345.00. Following the transaction, the director now owns 37,829 shares in the company, valued at $1,765,479.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lisa R. Cohn sold 5,000 shares of the firm’s stock in a transaction on 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 transaction, the insider now owns 73,754 shares in the company, valued at approximately $3,364,657.48. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of AIV. Point72 Hong Kong Ltd bought a new position in shares of Apartment Investment and Management in the third quarter worth $118,000. Honkamp Krueger Financial Services Inc. bought a new position in shares of Apartment Investment and Management in the third quarter worth $130,000. Advisors Asset Management Inc. increased its position in shares of Apartment Investment and Management by 114.5% in the second quarter. Advisors Asset Management Inc. now owns 4,122 shares of the real estate investment trust’s stock worth $174,000 after purchasing an additional 2,200 shares during the period. Rehmann Capital Advisory Group increased its position in shares of Apartment Investment and Management by 4,153.6% in the third 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 during the period. Finally, Mount Yale Investment Advisors LLC bought a new position in shares of Apartment Investment and Management in the second quarter worth $275,000. Institutional investors own 99.79% of the company’s stock.

Shares of Apartment Investment and Management stock opened at $45.42 on Friday. Apartment Investment and Management has a 1 year low of $37.97 and a 1 year high of $47.66. The firm has a market cap of $6.87 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 3.27 and a beta of 0.56. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.43 and a quick ratio of 0.43.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $3.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $3.00. Apartment Investment and Management had a return on equity of 55.25% and a net margin of 92.50%. The business had revenue of $242.48 million during the quarter, compared to the consensus estimate of $239.80 million. During the same quarter last year, the firm posted $0.63 EPS. The company’s quarterly revenue was down 4.8% on a year-over-year basis. On average, sell-side analysts forecast that Apartment Investment and Management will post 2.48 EPS 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 133 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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