Apartment Investment and Management Company (AIV) Upgraded at Mizuho

Mizuho upgraded shares of Apartment Investment and Management Company (NYSE:AIV) from an underperform rating to a neutral rating in a research note released on Monday, November 6th, Marketbeat.com reports. They currently have $47.00 price target on the real estate investment trust’s stock.

A number of other analysts have also recently weighed in on AIV. JMP Securities raised Apartment Investment and Management from a market perform rating to an outperform rating and set a $52.00 price target for the company in a research report on Monday, July 10th. BidaskClub lowered Apartment Investment and Management from a hold rating to a sell rating in a research note on Wednesday, July 12th. Barclays PLC dropped their price objective on Apartment Investment and Management from $48.00 to $47.00 and set an overweight rating on the stock in a research note on Tuesday, July 18th. Zacks Investment Research upgraded Apartment Investment and Management from a hold rating to a buy rating and set a $50.00 price objective on the stock in a research note on Monday, July 24th. Finally, Canaccord Genuity set a $50.00 price objective on Apartment Investment and Management and gave the stock a hold rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Apartment Investment and Management has a consensus rating of Hold and an average price target of $47.67.

Shares of Apartment Investment and Management (NYSE AIV) traded up $0.11 during trading hours on Monday, hitting $44.75. The company’s stock had a trading volume of 221,812 shares, compared to its average volume of 960,730. Apartment Investment and Management has a 12 month low of $40.02 and a 12 month high of $46.85. The firm has a market capitalization of $7,040.00, a PE ratio of 18.45, a P/E/G ratio of 2.69 and a beta of 0.47. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 3.35.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.51). Apartment Investment and Management had a return on equity of 13.81% and a net margin of 21.36%. The company had revenue of $254.64 million during the quarter, compared to analyst estimates of $249.17 million. During the same period in the prior year, the firm earned $0.54 EPS. equities analysts forecast that Apartment Investment and Management will post 2.44 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, November 17th will be paid a $0.36 dividend. The ex-dividend date is Thursday, November 16th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.22%. Apartment Investment and Management’s payout ratio is presently 464.52%.

In related news, CEO Terry Considine sold 111,577 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $44.01, for a total transaction of $4,910,503.77. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.20% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of AIV. KCG Holdings Inc. bought a new position in Apartment Investment and Management during the first quarter valued at about $547,000. Fox Run Management L.L.C. increased its stake in Apartment Investment and Management by 50.8% during the second quarter. Fox Run Management L.L.C. now owns 8,900 shares of the real estate investment trust’s stock valued at $382,000 after acquiring an additional 3,000 shares during the period. NN Investment Partners Holdings N.V. increased its stake in Apartment Investment and Management by 49.0% during the second quarter. NN Investment Partners Holdings N.V. now owns 63,291 shares of the real estate investment trust’s stock valued at $2,720,000 after acquiring an additional 20,808 shares during the period. Exane Derivatives bought a new stake in shares of Apartment Investment and Management in the 2nd quarter valued at approximately $651,000. Finally, LS Investment Advisors LLC grew its stake in shares of Apartment Investment and Management by 8.6% in the 2nd quarter. LS Investment Advisors LLC now owns 6,615 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 523 shares during the period. Hedge funds and other institutional investors own 97.03% 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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