Apartment Investment and Management Co. (NYSE:AIV) has received an average recommendation of “Hold” from the eleven ratings firms that are presently covering the stock. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $46.71.

A number of brokerages have weighed in on AIV. Canaccord Genuity lifted 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 cut shares of Apartment Investment and Management from a “buy” rating to a “neutral” rating and lifted their price target for the company from $47.00 to $48.00 in a research report on Monday, August 1st. Zacks Investment Research cut shares of Apartment Investment and Management from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. JMP Securities cut shares of Apartment Investment and Management from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 20th. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $45.00 price target on shares of Apartment Investment and Management in a research report on Wednesday, November 16th.

Apartment Investment and Management (NYSE:AIV) opened at 40.66 on Friday. Apartment Investment and Management has a 52-week low of $34.97 and a 52-week high of $47.91. The company has a 50 day moving average of $42.67 and a 200-day moving average of $43.61. The stock has a market capitalization of $6.38 billion, a P/E ratio of 19.66 and a beta of 0.45.

Apartment Investment and Management (NYSE:AIV) last released its earnings results on Thursday, October 27th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by $0.01. Apartment Investment and Management had a net margin of 33.39% and a return on equity of 19.95%. The company earned $244.12 million during the quarter, compared to analysts’ expectations of $239.45 million. During the same quarter in the previous year, the firm posted $0.57 earnings per share. Apartment Investment and Management’s revenue for the quarter was up 1.6% compared to the same quarter last year. Equities research analysts anticipate 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 issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $1.32 annualized dividend and a yield of 3.25%. Apartment Investment and Management’s dividend payout ratio is presently 64.08%.

In related news, insider Keith M. Kimmel sold 3,000 shares of the company’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $39.81, for a total value of $119,430.00. Following the sale, the insider now directly owns 35,718 shares of the company’s stock, valued at $1,421,933.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.71% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan boosted its stake 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 valued at $228,000 after buying an additional 30 shares in the last quarter. NEXT Financial Group Inc boosted 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 valued at $128,000 after buying an additional 50 shares in the last quarter. IBM Retirement Fund boosted 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 valued at $695,000 after buying an additional 62 shares in the last quarter. Oregon Public Employees Retirement Fund boosted 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 valued at $735,000 after buying an additional 84 shares in the last quarter. Finally, Utah Retirement Systems boosted 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 valued at $1,494,000 after buying an additional 100 shares in the last quarter.

COPYRIGHT VIOLATION NOTICE: “Apartment Investment and Management Co. (AIV) Given Consensus Rating of “Hold” by Brokerages” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright and trademark laws. The legal version of this news story can be read at https://www.thecerbatgem.com/2016/11/23/apartment-investment-and-management-co-aiv-given-consensus-rating-of-hold-by-brokerages.html.

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.