Apartment Investment and Management Company (NYSE:AIV) Downgraded by BidaskClub

BidaskClub cut shares of Apartment Investment and Management Company (NYSE:AIV) from a hold rating to a sell rating in a research report report published on Wednesday.

Other equities research analysts have also issued reports about the stock. JMP Securities raised shares of Apartment Investment and Management Company from a market perform rating to an outperform rating and set a $52.00 price target on the stock in a report on Monday, July 10th. BMO Capital Markets reaffirmed a sell rating and set a $42.00 price target on shares of Apartment Investment and Management Company in a report on Thursday, May 25th. Barclays PLC decreased their price target on shares of Apartment Investment and Management Company from $49.00 to $48.00 and set an overweight rating on the stock in a report on Thursday, May 18th. Zacks Investment Research raised shares of Apartment Investment and Management Company from a sell rating to a hold rating in a report on Thursday, May 18th. Finally, Mizuho lowered shares of Apartment Investment and Management Company from a buy rating to a neutral rating and decreased their price target for the company from $50.00 to $45.00 in a report on Monday, May 1st. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Apartment Investment and Management Company currently has an average rating of Hold and a consensus price target of $46.38.

Apartment Investment and Management Company (NYSE AIV) opened at 43.26 on Wednesday. The firm has a market capitalization of $6.79 billion, a price-to-earnings ratio of 16.72 and a beta of 0.43. The stock’s 50 day moving average is $43.57 and its 200-day moving average is $44.24. Apartment Investment and Management Company has a 12 month low of $39.66 and a 12 month high of $47.91.

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

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In related news, Director Kathleen M. Nelson sold 1,220 shares of Apartment Investment and Management Company stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $43.59, for a total transaction of $53,179.80. Following the sale, the director now directly owns 40,630 shares in the company, valued at approximately $1,771,061.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. NN Investment Partners Holdings N.V. increased its stake in Apartment Investment and Management Company by 49.0% in 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 buying an additional 20,808 shares in the last quarter. Fox Run Management L.L.C. increased its stake in Apartment Investment and Management Company by 50.8% in 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 buying an additional 3,000 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Apartment Investment and Management Company by 0.3% in the first quarter. Nomura Asset Management Co. Ltd. now owns 103,290 shares of the real estate investment trust’s stock valued at $4,581,000 after buying an additional 310 shares in the last quarter. Bank of Nova Scotia acquired a new stake in Apartment Investment and Management Company during the first quarter valued at approximately $1,434,000. Finally, Janus Capital Management LLC increased its stake in Apartment Investment and Management Company by 4.7% in the first quarter. Janus Capital Management LLC now owns 498,357 shares of the real estate investment trust’s stock valued at $22,102,000 after buying an additional 22,348 shares in the last quarter. Institutional investors and hedge funds own 99.73% of the company’s stock.

Apartment Investment and Management Company 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 Company (NYSE:AIV)

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