Mizuho upgraded shares of Apartment Investment and Management Company (NYSE:AIV) from an underperform rating to a neutral rating in a research note issued to investors on Monday. The brokerage currently has $47.00 target price on the real estate investment trust’s stock.

Several other research firms have also issued reports on AIV. UBS AG lowered Apartment Investment and Management from a buy rating to a neutral rating and set a $48.00 target price on the stock. in a research note on Friday, September 8th. BidaskClub raised Apartment Investment and Management from a hold rating to a buy rating in a research note on Friday, August 11th. Canaccord Genuity set a $50.00 target price on Apartment Investment and Management and gave the stock a hold rating in a research note on Wednesday, August 2nd. Robert W. Baird reissued a hold rating and set a $46.00 target price on shares of Apartment Investment and Management in a research note on Tuesday, September 12th. Finally, Zacks Investment Research lowered Apartment Investment and Management from a hold rating to a sell rating in a research note on Monday, October 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $47.40.

Apartment Investment and Management (NYSE AIV) traded up $0.16 on Monday, reaching $44.90. The company had a trading volume of 861,314 shares, compared to its average volume of 866,948. Apartment Investment and Management has a 1 year low of $39.66 and a 1 year high of $46.85. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 3.35. The firm has a market cap of $6,943.57, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 3.01 and a beta of 0.47.

Apartment Investment and Management (NYSE:AIV) last posted its earnings results on Thursday, October 26th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.51). Apartment Investment and Management had a return on equity of 13.81% and a net margin of 21.36%. The firm had revenue of $254.64 million for the quarter, compared to analyst estimates of $249.17 million. During the same period in the previous year, the company posted $0.54 EPS. research analysts anticipate that Apartment Investment and Management will post 2.44 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, November 17th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date is Thursday, November 16th. Apartment Investment and Management’s dividend payout ratio is currently 109.92%.

In other news, CEO Terry Considine sold 111,577 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $44.01, for a total transaction of $4,910,503.77. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Keith M. Kimmel sold 10,000 shares of the firm’s 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 sale, the executive vice president now directly owns 28,481 shares in the company, valued at approximately $1,310,126. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of AIV. Renaissance Technologies LLC raised its position in shares of Apartment Investment and Management by 86.0% during the 2nd quarter. Renaissance Technologies LLC now owns 4,072,785 shares of the real estate investment trust’s stock worth $175,008,000 after acquiring an additional 1,883,585 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Apartment Investment and Management during the 2nd quarter worth about $37,412,000. Principal Financial Group Inc. raised its position in shares of Apartment Investment and Management by 10.4% during the 2nd quarter. Principal Financial Group Inc. now owns 7,481,959 shares of the real estate investment trust’s stock worth $321,500,000 after acquiring an additional 701,904 shares in the last quarter. Duff & Phelps Investment Management Co. raised its position in shares of Apartment Investment and Management by 63.3% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 1,665,067 shares of the real estate investment trust’s stock worth $71,548,000 after acquiring an additional 645,150 shares in the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Apartment Investment and Management during the 2nd quarter worth about $23,487,000. 98.78% of the stock is currently owned by institutional investors and hedge funds.

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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