Apartment Investment and Management Co. (NYSE:AIV)‘s stock had its “hold” rating reissued by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday. They currently have a $45.00 price target on the real estate investment trust’s stock. JPMorgan Chase & Co.’s target price points to a potential upside of 11.39% from the stock’s current price.

AIV has been the subject of several other reports. Zacks Investment Research lowered shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a research report on Wednesday, October 26th. JMP Securities lowered shares of Apartment Investment and Management from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 20th. Canaccord Genuity upped their price target on shares of Apartment Investment and Management from $41.00 to $47.00 and gave the company a “hold” rating in a research report on Tuesday, August 2nd. Mizuho upgraded shares of Apartment Investment and Management from a “neutral” rating to a “buy” rating and upped their price target for the company from $48.00 to $49.00 in a research report on Monday, October 31st. Finally, Barclays PLC upped their price target on shares of Apartment Investment and Management from $47.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday, July 19th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Apartment Investment and Management currently has an average rating of “Hold” and a consensus price target of $45.78.

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

Shares of Apartment Investment and Management (NYSE:AIV) opened at 40.40 on Wednesday. The stock has a 50 day moving average price of $43.31 and a 200 day moving average price of $43.65. The firm has a market capitalization of $6.34 billion, a P/E ratio of 19.54 and a beta of 0.45. Apartment Investment and Management has a 52 week low of $34.97 and a 52 week high of $47.91.

Apartment Investment and Management (NYSE:AIV) last announced its earnings results on Thursday, October 27th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.01. Apartment Investment and Management had a return on equity of 19.95% and a net margin of 33.39%. The company earned $244.12 million during the quarter, compared to analysts’ expectations of $239.45 million. During the same quarter last year, the firm posted $0.57 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. Analysts forecast that Apartment Investment and Management will post $2.31 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Friday, November 18th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Wednesday, November 16th. Apartment Investment and Management’s payout ratio is currently 64.08%.

A number of institutional investors have recently added to or reduced their stakes in AIV. NEXT Financial Group Inc increased its position 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. Toronto Dominion Bank bought a new position in Apartment Investment and Management during the third quarter worth about $148,000. Bailard Inc. bought a new position in Apartment Investment and Management during the third quarter worth about $207,000. Tower Research Capital LLC TRC increased its position in Apartment Investment and Management by 4,584.0% in the third quarter. Tower Research Capital LLC TRC now owns 4,684 shares of the real estate investment trust’s stock worth $215,000 after buying an additional 4,584 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in Apartment Investment and Management by 0.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,970 shares of the real estate investment trust’s stock worth $228,000 after buying an additional 30 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

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