Apartment Investment and Management Company (NYSE:AIV) Receives $45.83 Average Target Price from Analysts

Apartment Investment and Management Company (NYSE:AIV) has received an average rating of “Hold” from the ten research firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three 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 $46.38.

A number of equities analysts have recently issued reports on AIV shares. Zacks Investment Research cut Apartment Investment and Management from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. Barclays PLC raised their price target on Apartment Investment and Management from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Wednesday, April 19th. Canaccord Genuity dropped their price target on Apartment Investment and Management from $48.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, May 2nd. Mizuho cut Apartment Investment and Management from a “buy” rating to a “neutral” rating and dropped their price target for the company from $50.00 to $45.00 in a report on Monday, May 1st. Finally, BMO Capital Markets reiterated a “sell” rating and issued a $42.00 price objective on shares of Apartment Investment and Management in a research report on Thursday, May 25th.

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In other news, Director Kathleen M. Nelson sold 1,220 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $43.59, for a total transaction of $53,179.80. Following the completion of the sale, the director now owns 40,630 shares in the company, valued at $1,771,061.70. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.

Several large investors have recently modified their holdings of AIV. BlackRock Inc. boosted its stake in shares of Apartment Investment and Management by 3,261.5% in the first quarter. BlackRock Inc. now owns 12,471,775 shares of the real estate investment trust’s stock valued at $553,123,000 after buying an additional 12,100,758 shares during the period. Norges Bank bought a new stake in shares of Apartment Investment and Management during the fourth quarter valued at about $69,353,000. FMR LLC boosted its stake in shares of Apartment Investment and Management by 11.5% in the fourth quarter. FMR LLC now owns 13,565,985 shares of the real estate investment trust’s stock valued at $616,574,000 after buying an additional 1,394,048 shares during the period. Vanguard Group Inc. increased its position in shares of Apartment Investment and Management by 2.8% in the first quarter. Vanguard Group Inc. now owns 27,397,533 shares of the real estate investment trust’s stock valued at $1,215,081,000 after buying an additional 748,512 shares in the last quarter. Finally, Guggenheim Capital LLC increased its position in shares of Apartment Investment and Management by 100.0% in the fourth quarter. Guggenheim Capital LLC now owns 1,270,914 shares of the real estate investment trust’s stock valued at $57,763,000 after buying an additional 635,561 shares during the period. Institutional investors own 99.73% of the company’s stock.

Shares of Apartment Investment and Management (NYSE AIV) opened at 43.63 on Tuesday. The firm’s 50-day moving average is $43.57 and its 200 day moving average is $44.24. The firm has a market cap of $6.85 billion, a PE ratio of 16.86 and a beta of 0.43. Apartment Investment and Management has a 52 week low of $39.66 and a 52 week high of $47.91.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. The firm had revenue of $246.50 million during the quarter, compared to analysts’ expectations of $242.87 million. Apartment Investment and Management had a return on equity of 23.66% and a net margin of 41.53%. The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.57 EPS. Equities research analysts forecast that Apartment Investment and Management will post $0.50 EPS for the current year.

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.

Analyst Recommendations for Apartment Investment and Management (NYSE:AIV)

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