JMP Securities upgraded shares of Apartment Investment and Management Company (NYSE:AIV) from a market perform rating to an outperform rating in a research report released on Monday, July 10th, Marketbeat Ratings reports. JMP Securities currently has $52.00 price target on the real estate investment trust’s stock.

A number of other analysts also recently issued reports on the stock. BidaskClub upgraded shares of Apartment Investment and Management from a sell rating to a hold rating in a report on Tuesday, July 4th. Bank of America Corporation downgraded shares of Apartment Investment and Management from a buy rating to a neutral rating and set a $47.00 price target on the stock. in a report on Friday, June 16th. BMO Capital Markets reissued a sell rating and issued a $42.00 price objective on shares of Apartment Investment and Management in a research note on Thursday, May 25th. Barclays PLC dropped their price objective on shares of Apartment Investment and Management from $49.00 to $48.00 and set an overweight rating for the company in a research note on Thursday, May 18th. Finally, Zacks Investment Research raised shares of Apartment Investment and Management from a sell rating to a hold rating in a research note on Thursday, May 18th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $46.88.

Apartment Investment and Management (NYSE AIV) traded up 1.10% during midday trading on Monday, hitting $46.10. The company had a trading volume of 2,664,639 shares. Apartment Investment and Management has a 52 week low of $39.66 and a 52 week high of $47.91. The firm has a market capitalization of $7.21 billion, a P/E ratio of 36.30 and a beta of 0.44. The firm’s 50 day moving average is $43.82 and its 200-day moving average is $44.16.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The company had revenue of $246.24 million for the quarter, compared to the consensus estimate of $240.78 million. Apartment Investment and Management had a net margin of 20.64% and a return on equity of 12.46%. Apartment Investment and Management’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 EPS. On average, equities research analysts expect that Apartment Investment and Management will post $0.50 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Friday, August 18th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.12%. Apartment Investment and Management’s dividend payout ratio is presently 113.39%.

Institutional investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its position in Apartment Investment and Management by 10.6% in the first quarter. Quadrant Capital Group LLC now owns 2,606 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 250 shares in the last quarter. Israel Discount Bank of New York GFN purchased a new position in Apartment Investment and Management during the fourth quarter worth approximately $112,000. Israel Discount Bank of New York purchased a new position in Apartment Investment and Management during the first quarter worth approximately $115,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in Apartment Investment and Management by 190.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,900 shares of the real estate investment trust’s stock worth $129,000 after buying an additional 1,900 shares in the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new position in Apartment Investment and Management during the first quarter worth approximately $166,000. 98.28% of the stock is owned by hedge funds and other institutional investors.

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.

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

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