Shares of Apartment Investment and Management Co. (NYSE:AIV) have been assigned an average recommendation of “Hold” from the twelve analysts that are presently covering the stock. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $46.29.

AIV has been the subject of several recent research reports. Mizuho lowered shares of Apartment Investment and Management from a “buy” rating to a “neutral” rating and boosted their target price for the company from $47.00 to $48.00 in a research report on Monday, August 1st. Canaccord Genuity reiterated a “hold” rating on shares of Apartment Investment and Management in a research report on Wednesday, June 29th. Zacks Investment Research lowered shares of Apartment Investment and Management from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. Citigroup Inc. lowered shares of Apartment Investment and Management from a “buy” rating to a “neutral” rating and upped their price target for the stock from $43.00 to $48.00 in a research report on Monday, July 18th. Finally, Barclays PLC upped their price target on shares of Apartment Investment and Management from $47.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 19th.

Apartment Investment and Management (NYSE:AIV) opened at 42.79 on Thursday. Apartment Investment and Management has a 12-month low of $34.97 and a 12-month high of $47.91. The company’s 50 day moving average is $44.67 and its 200 day moving average is $43.29. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 20.17 and a beta of 0.52.

Apartment Investment and Management (NYSE:AIV) last announced its earnings results on Thursday, July 28th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02. The company earned $242.87 million during the quarter, compared to analyst estimates of $240.17 million. Apartment Investment and Management had a net margin of 34.56% and a return on equity of 20.95%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.56 earnings per share. Analysts forecast that Apartment Investment and Management will post $2.31 earnings per share for the current fiscal year.

In related news, CFO Paul Beldin sold 4,218 shares of the company’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $45.67, for a total transaction of $192,636.06. Following the sale, the chief financial officer now owns 34,771 shares of the company’s stock, valued at $1,587,991.57. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Terry Considine sold 176,000 shares of the company’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $45.29, for a total transaction of $7,971,040.00. The disclosure for this sale can be found here. Corporate insiders own 1.71% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in AIV. NEXT Financial Group Inc increased its stake in Apartment Investment and Management by 1.7% in the second quarter. NEXT Financial Group Inc now owns 2,913 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 50 shares during the last quarter. IBM Retirement Fund increased its stake in Apartment Investment and Management by 0.4% in the second quarter. IBM Retirement Fund now owns 15,740 shares of the real estate investment trust’s stock worth $695,000 after buying an additional 62 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Apartment Investment and Management by 0.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 16,018 shares of the real estate investment trust’s stock worth $735,000 after buying an additional 84 shares during the last quarter. BlackRock Japan Co. Ltd increased its stake in Apartment Investment and Management by 1.1% in the first quarter. BlackRock Japan Co. Ltd now owns 8,305 shares of the real estate investment trust’s stock worth $347,000 after buying an additional 94 shares during the last quarter. Finally, Utah Retirement Systems increased its stake in Apartment Investment and Management by 0.3% in the second quarter. Utah Retirement Systems now owns 33,839 shares of the real estate investment trust’s stock worth $1,494,000 after buying an additional 100 shares during the last quarter.

Apartment Investment and Management Company Profile

Apartment Investment and Management Company (Aimco) is a self-administered and self-managed real estate investment trust. The Company, through its subsidiaries, AIMCO-GP, Inc and AIMCO-LP Trust, holds the ownership interests in the Aimco Operating Partnership. Its segments include conventional real estate and affordable real estate.

5 Day Chart for NYSE:AIV

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