Apartment Investment and Management (NYSE:AIV) Price Target Raised to $54.00

Share on StockTwits

Apartment Investment and Management (NYSE:AIV) had its price target boosted by Citigroup from $52.00 to $54.00 in a research report sent to investors on Thursday, Stock Target Advisor reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

AIV has been the topic of several other research reports. Mizuho raised shares of Apartment Investment and Management from a neutral rating to a buy rating and set a $55.00 price target on the stock in a research report on Tuesday, August 6th. Zelman & Associates raised shares of Apartment Investment and Management from a sell rating to a hold rating in a research report on Monday, August 12th. SunTrust Banks increased their price target on shares of Apartment Investment and Management from $49.00 to $50.00 and gave the stock a hold rating in a research report on Thursday, August 29th. Barclays set a $53.00 price target on shares of Apartment Investment and Management and gave the stock a hold rating in a research report on Friday, October 11th. Finally, BMO Capital Markets raised shares of Apartment Investment and Management from a market perform rating to an outperform rating and raised their target price for the company from $56.00 to $58.00 in a report on Friday, September 6th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $54.38.

NYSE AIV traded up $0.21 during trading hours on Thursday, reaching $53.17. The company had a trading volume of 635,449 shares, compared to its average volume of 1,091,938. The stock has a 50-day moving average of $53.35 and a 200 day moving average of $51.20. Apartment Investment and Management has a 1-year low of $42.06 and a 1-year high of $55.49. The company has a current ratio of 0.23, a quick ratio of 0.22 and a debt-to-equity ratio of 2.38. The stock has a market capitalization of $7.98 billion, a P/E ratio of 20.85, a price-to-earnings-growth ratio of 4.77 and a beta of 0.52.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.62). The business had revenue of $229.80 million for the quarter, compared to analyst estimates of $224.73 million. Apartment Investment and Management had a return on equity of 19.60% and a net margin of 37.98%. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the prior year, the company posted $3.61 EPS. As a group, sell-side analysts predict that Apartment Investment and Management will post 2.48 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.56 annualized dividend and a yield of 2.93%. Apartment Investment and Management’s dividend payout ratio (DPR) is 61.18%.

In related news, Director Kathleen M. Nelson sold 2,400 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $50.16, for a total value of $120,384.00. Following the sale, the director now owns 44,329 shares of the company’s stock, valued at $2,223,542.64. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.83% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. First Allied Advisory Services Inc. increased its position in Apartment Investment and Management by 41.2% during the 3rd quarter. First Allied Advisory Services Inc. now owns 7,940 shares of the real estate investment trust’s stock worth $416,000 after purchasing an additional 2,317 shares in the last quarter. Great Lakes Advisors LLC grew its holdings in Apartment Investment and Management by 65.9% in the 3rd quarter. Great Lakes Advisors LLC now owns 229,850 shares of the real estate investment trust’s stock valued at $11,984,000 after buying an additional 91,334 shares during the period. HGI Capital Management LLC purchased a new stake in Apartment Investment and Management in the 3rd quarter valued at about $4,219,000. AE Wealth Management LLC grew its holdings in shares of Apartment Investment and Management by 21.4% during the 3rd quarter. AE Wealth Management LLC now owns 8,509 shares of the real estate investment trust’s stock worth $444,000 after purchasing an additional 1,498 shares during the period. Finally, First Trust Advisors LP grew its holdings in shares of Apartment Investment and Management by 89.5% during the 3rd quarter. First Trust Advisors LP now owns 421,147 shares of the real estate investment trust’s stock worth $21,959,000 after purchasing an additional 198,851 shares during the period. 95.74% of the stock is owned by institutional investors.

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 132 communities in 17 states and the District of Columbia.

Further Reading: What does a bar chart display?

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

Receive News & Ratings for Apartment Investment and Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apartment Investment and Management and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.