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 report report published on Monday, Marketbeat Ratings reports. They currently have $47.00 price target on the real estate investment trust’s stock.

Other equities analysts also recently issued reports about the company. BidaskClub raised Apartment Investment and Management from a hold rating to a buy rating in a research report on Friday, August 11th. Robert W. Baird reaffirmed a hold rating and issued a $46.00 target price on shares of Apartment Investment and Management in a research report on Tuesday, October 17th. JMP Securities raised Apartment Investment and Management from a market perform rating to an outperform rating and set a $52.00 price objective for the company in a research report on Monday, July 10th. Zacks Investment Research raised Apartment Investment and Management from a hold rating to a buy rating and set a $50.00 price objective for the company in a research report 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 report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $47.40.

Apartment Investment and Management (AIV) opened at $45.21 on Monday. The firm has a market capitalization of $7,122.58, a PE ratio of 18.74, a price-to-earnings-growth ratio of 2.69 and a beta of 0.47. 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 52-week low of $39.66 and a 52-week high of $46.85.

Apartment Investment and Management (NYSE:AIV) last released its 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 during the quarter, compared to analyst estimates 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 prior year, the firm earned $0.54 earnings per share. equities research analysts anticipate that Apartment Investment and Management will post 2.45 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, November 17th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Thursday, November 16th. Apartment Investment and Management’s dividend payout ratio (DPR) is 109.92%.

In related news, CEO Terry Considine sold 111,577 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Keith M. Kimmel sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $46.00, for a total value of $460,000.00. Following the completion of the transaction, the executive vice president now directly owns 28,481 shares of the company’s stock, valued at $1,310,126. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. ING Groep NV boosted its holdings in Apartment Investment and Management by 0.4% in the second quarter. ING Groep NV now owns 8,048 shares of the real estate investment trust’s stock valued at $346,000 after purchasing an additional 29 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Apartment Investment and Management by 0.5% in the second quarter. CIBC Asset Management Inc now owns 13,451 shares of the real estate investment trust’s stock valued at $578,000 after buying an additional 69 shares during the last quarter. Utah Retirement Systems lifted its stake in Apartment Investment and Management by 0.3% in the second quarter. Utah Retirement Systems now owns 35,735 shares of the real estate investment trust’s stock valued at $1,535,000 after buying an additional 96 shares during the last quarter. Sentry Investment Management LLC lifted its stake in Apartment Investment and Management by 1.1% in the second quarter. Sentry Investment Management LLC now owns 12,340 shares of the real estate investment trust’s stock valued at $530,000 after buying an additional 130 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its stake in Apartment Investment and Management by 0.3% in the second quarter. Retirement Systems of Alabama now owns 76,133 shares of the real estate investment trust’s stock valued at $3,271,000 after buying an additional 233 shares during the last quarter. 98.78% of the stock is owned by hedge funds and other institutional investors.

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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