Apartment Investment and Management (AIV) Earns Daily News Impact Rating of 0.29
Media headlines about Apartment Investment and Management (NYSE:AIV) have trended positive recently, according to AlphaOne Sentiment. The research group, a service of Accern, ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Apartment Investment and Management earned a news sentiment score of 0.29 on AlphaOne’s scale. AlphaOne also assigned news articles about the real estate investment trust an impact score of 56 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the company’s share price in the near term.
Shares of Apartment Investment and Management (NYSE:AIV) traded down 0.02% during mid-day trading on Friday, reaching $43.18. 672,142 shares of the company’s stock were exchanged. The stock has a market capitalization of $6.78 billion, a PE ratio of 16.68 and a beta of 0.36. The company’s 50 day moving average is $43.68 and its 200 day moving average is $43.90. Apartment Investment and Management has a 1-year low of $39.14 and a 1-year high of $47.91.
Apartment Investment and Management (NYSE:AIV) last issued its earnings results on Thursday, April 27th. The real estate investment trust reported $0.58 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.58. The business had revenue of $246.50 million during the quarter, compared to analysts’ expectations of $242.87 million. Apartment Investment and Management had a net margin of 42.78% and a return on equity of 24.85%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 earnings per share. Equities research analysts anticipate that Apartment Investment and Management will post $0.50 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Friday, May 19th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date is Wednesday, May 17th. Apartment Investment and Management’s dividend payout ratio (DPR) is 49.62%.
Several brokerages have recently commented on AIV. BMO Capital Markets restated a “sell” rating and set a $42.00 price objective on shares of Apartment Investment and Management in a research report on Thursday. Barclays PLC decreased their price objective on shares of Apartment Investment and Management from $49.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, May 18th. Mizuho downgraded shares of Apartment Investment and Management from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $50.00 to $45.00 in a research report on Monday, May 1st. Zacks Investment Research upgraded shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Thursday, May 18th. Finally, Canaccord Genuity reduced their price target on shares of Apartment Investment and Management from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Apartment Investment and Management currently has a consensus rating of “Hold” and a consensus target price of $45.57.
In other news, insider Lisa R. Cohn sold 10,000 shares of the stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $46.72, for a total value of $467,200.00. Following the completion of the sale, the insider now directly owns 54,987 shares in the company, valued at $2,568,992.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kathleen M. Nelson sold 1,220 shares of the stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $43.59, for a total transaction of $53,179.80. Following the completion of the sale, the director now owns 40,630 shares of the company’s stock, valued at $1,771,061.70. The disclosure for this sale can be found here. Insiders sold 18,305 shares of company stock valued at $833,891 over the last quarter. Company insiders own 1.71% of the company’s stock.
About Apartment Investment and Management
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.
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