Apartment Investment and Management Company (NYSE:AIV) was downgraded by equities researchers at TheStreet from a “b-” rating to a “c+” rating in a research note issued to investors on Friday.

A number of other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Apartment Investment and Management from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. UBS AG lowered shares of Apartment Investment and Management from a “buy” rating to a “neutral” rating and set a $48.00 price target for the company. in a report on Friday, September 8th. Mizuho lowered shares of Apartment Investment and Management from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $45.00 to $42.00 in a report on Monday, July 10th. Robert W. Baird reissued a “hold” rating and issued a $46.00 price target on shares of Apartment Investment and Management in a report on Tuesday, September 12th. Finally, BidaskClub raised shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $47.40.

Apartment Investment and Management (AIV) traded up $0.52 on Friday, reaching $44.74. 1,330,633 shares of the company’s stock traded hands, 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 quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 3.35. The company has a market cap of $6,943.57, a PE ratio of 18.27, a P/E/G 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 analysts’ consensus estimates of $0.62 by ($0.51). Apartment Investment and Management had a net margin of 21.36% and a return on equity of 13.81%. The firm had revenue of $254.64 million during the quarter, compared to the consensus estimate of $249.17 million. During the same quarter last year, the firm posted $0.54 EPS. research analysts forecast that Apartment Investment and Management will post 2.44 earnings per share for the current fiscal year.

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In other Apartment Investment and Management news, EVP Keith M. Kimmel sold 10,000 shares of Apartment Investment and Management stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $46.00, for a total transaction of $460,000.00. Following the completion of the sale, the executive vice president now owns 28,481 shares of the company’s stock, valued at approximately $1,310,126. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Terry Considine sold 111,577 shares of Apartment Investment and Management stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $44.01, for a total transaction of $4,910,503.77. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in Apartment Investment and Management by 2.9% during the 2nd quarter. BlackRock Inc. now owns 12,834,106 shares of the real estate investment trust’s stock worth $551,483,000 after acquiring an additional 362,331 shares during the period. Principal Financial Group Inc. boosted its position in shares of Apartment Investment and Management by 4.5% during the third quarter. Principal Financial Group Inc. now owns 7,819,386 shares of the real estate investment trust’s stock worth $342,958,000 after purchasing an additional 337,427 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Apartment Investment and Management by 86.0% during the second quarter. Renaissance Technologies LLC now owns 4,072,785 shares of the real estate investment trust’s stock worth $175,008,000 after purchasing an additional 1,883,585 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Apartment Investment and Management by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,208,512 shares of the real estate investment trust’s stock worth $94,899,000 after purchasing an additional 64,981 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Apartment Investment and Management by 20.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 2,200,588 shares of the real estate investment trust’s stock worth $94,560,000 after purchasing an additional 371,790 shares in the last quarter. 98.78% of the stock is owned by hedge funds and other institutional investors.

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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