Apartment Investment and Management (AIV) Given Hold Rating at Robert W. Baird

Robert W. Baird reiterated their hold rating on shares of Apartment Investment and Management (NYSE:AIV) in a report published on Tuesday morning. The brokerage currently has a $42.00 target price on the real estate investment trust’s stock.

Several other research firms have also recently weighed in on AIV. Zacks Investment Research raised Apartment Investment and Management from a sell rating to a hold rating in a report on Monday, October 23rd. Mizuho raised Apartment Investment and Management from an underperform rating to a neutral rating and set a $47.00 price target on the stock in a report on Monday, November 6th. Raymond James Financial cut Apartment Investment and Management from a strong-buy rating to an outperform rating and lowered their price target for the company from $52.00 to $50.00 in a report on Tuesday, December 12th. BMO Capital Markets reissued a sell rating on shares of Apartment Investment and Management in a report on Friday, October 27th. Finally, TheStreet cut Apartment Investment and Management from a b- rating to a c+ rating in a report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $47.70.

Apartment Investment and Management (NYSE AIV) traded down $0.33 during midday trading on Tuesday, hitting $40.62. The stock had a trading volume of 862,134 shares, compared to its average volume of 925,586. The company has a market cap of $6,380.00, a PE ratio of 131.03, a price-to-earnings-growth ratio of 2.37 and a beta of 0.46. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.59 and a quick ratio of 0.59. Apartment Investment and Management has a 12-month low of $40.38 and a 12-month high of $46.85.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.51). The firm had revenue of $254.64 million for the quarter, compared to the consensus estimate of $249.17 million. Apartment Investment and Management had a net margin of 21.36% and a return on equity of 13.81%. During the same period in the previous year, the company earned $0.54 earnings per share. analysts expect that Apartment Investment and Management will post 2.45 EPS for the current fiscal year.

In other news, CEO Terry Considine sold 111,577 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $44.01, for a total value of $4,910,503.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John E. Bezzant sold 7,564 shares of the company’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $44.77, for a total value of $338,640.28. Following the completion of the sale, the insider now owns 48,422 shares of the company’s stock, valued at $2,167,852.94. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Schroder Investment Management Group purchased a new stake in Apartment Investment and Management in the 2nd quarter worth $124,000. Vident Investment Advisory LLC purchased a new stake in Apartment Investment and Management in the 3rd quarter worth $202,000. Raymond James Trust N.A. purchased a new stake in Apartment Investment and Management in the 2nd quarter worth $217,000. Shelton Capital Management purchased a new stake in Apartment Investment and Management in the 2nd quarter worth $246,000. Finally, CAPROCK Group Inc. purchased a new stake in Apartment Investment and Management in the 3rd quarter worth $251,000. Hedge funds and other institutional investors own 98.17% of the company’s stock.

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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.

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

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