Apartment Investment and Management Company (NYSE:AIV) was downgraded by stock analysts at UBS AG from a “buy” rating to a “neutral” rating in a note issued to investors on Friday.

Several other equities research analysts have also commented on the company. Zacks Investment Research lowered Apartment Investment and Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Barclays PLC dropped their price target on 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. BMO Capital Markets restated a “sell” rating and set a $42.00 price target on shares of Apartment Investment and Management in a research note on Thursday, May 25th. Mizuho lowered Apartment Investment and Management from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $45.00 to $42.00 in a research note on Monday, July 10th. Finally, BidaskClub upgraded Apartment Investment and Management from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Apartment Investment and Management currently has an average rating of “Hold” and an average target price of $46.88.

Apartment Investment and Management (AIV) traded up 1.46% during trading on Friday, reaching $46.51. The company’s stock had a trading volume of 295,702 shares. Apartment Investment and Management has a 1-year low of $39.66 and a 1-year high of $47.91. The company’s 50-day moving average is $45.27 and its 200-day moving average is $44.31. The company has a market capitalization of $7.30 billion, a P/E ratio of 36.62 and a beta of 0.45.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The company had revenue of $246.24 million during the quarter, compared to analyst estimates of $240.78 million. Apartment Investment and Management had a return on equity of 12.46% and a net margin of 20.64%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 earnings per share. Equities analysts anticipate that Apartment Investment and Management will post $0.47 EPS for the current year.

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In other news, EVP Keith M. Kimmel sold 10,000 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $46.00, for a total value of $460,000.00. Following the completion of the sale, the executive vice president now owns 28,481 shares in the company, valued at $1,310,126. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.20% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Apartment Investment and Management by 2.8% in the first quarter. Vanguard Group Inc. now owns 27,397,533 shares of the real estate investment trust’s stock valued at $1,215,081,000 after buying an additional 748,512 shares in the last quarter. BlackRock Inc. grew its stake in shares of Apartment Investment and Management by 2.9% in the second quarter. BlackRock Inc. now owns 12,834,106 shares of the real estate investment trust’s stock valued at $551,483,000 after buying an additional 362,331 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Apartment Investment and Management by 10.4% in the second quarter. Principal Financial Group Inc. now owns 7,481,959 shares of the real estate investment trust’s stock valued at $321,500,000 after buying an additional 701,904 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Apartment Investment and Management by 86.0% in the second quarter. Renaissance Technologies LLC now owns 4,072,785 shares of the real estate investment trust’s stock valued at $175,008,000 after buying an additional 1,883,585 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Apartment Investment and Management by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,208,512 shares of the real estate investment trust’s stock valued at $94,899,000 after buying an additional 64,981 shares in the last quarter. Institutional investors and hedge funds own 98.42% of the company’s stock.

Apartment Investment and Management Company Profile

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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