Apartment Investment and Management (NYSE:AIV) was upgraded by investment analysts at SunTrust Banks from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, Marketbeat Ratings reports. The brokerage presently has a $46.00 price objective on the real estate investment trust’s stock. SunTrust Banks’ target price would indicate a potential upside of 8.64% from the stock’s previous close. SunTrust Banks also issued estimates for Apartment Investment and Management’s FY2022 earnings at $3.05 EPS.

Several other equities research analysts have also recently commented on AIV. Zacks Investment Research cut Apartment Investment and Management from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Mizuho raised Apartment Investment and Management from an “underperform” rating to a “neutral” rating and set a $47.00 target price on the stock in a research report on Monday, November 6th. Robert W. Baird reissued a “hold” rating and issued a $42.00 target price on shares of Apartment Investment and Management in a research report on Tuesday, January 9th. BMO Capital Markets reissued a “sell” rating on shares of Apartment Investment and Management in a research report on Friday, October 27th. Finally, TheStreet cut Apartment Investment and Management from a “b-” rating to a “c+” rating in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $47.55.

Shares of Apartment Investment and Management (AIV) opened at $42.34 on Monday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 3.35. Apartment Investment and Management has a 12-month low of $40.36 and a 12-month high of $46.85. The company has a market capitalization of $6,499.19, a price-to-earnings ratio of 32.32, a P/E/G ratio of 2.40 and a beta of 0.46.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.11 EPS for the quarter, missing the consensus estimate 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 business had revenue of $254.64 million for the quarter, compared to analysts’ expectations of $249.17 million. During the same period last year, the business earned $0.54 earnings per share. research analysts predict that Apartment Investment and Management will post 2.45 EPS for the current fiscal year.

In other news, insider John E. Bezzant sold 7,564 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $44.77, for a total value of $338,640.28. Following the transaction, the insider now owns 48,422 shares of the company’s stock, valued at $2,167,852.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $4,910,503.77. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Green Street Investors LLC raised its stake in shares of Apartment Investment and Management by 5.9% in the fourth quarter. Green Street Investors LLC now owns 146,200 shares of the real estate investment trust’s stock worth $6,390,000 after buying an additional 8,100 shares during the period. Strs Ohio raised its stake in shares of Apartment Investment and Management by 3.4% in the fourth quarter. Strs Ohio now owns 203,255 shares of the real estate investment trust’s stock worth $8,884,000 after buying an additional 6,775 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Apartment Investment and Management by 30.7% in the fourth quarter. State of Alaska Department of Revenue now owns 126,601 shares of the real estate investment trust’s stock worth $5,532,000 after buying an additional 29,745 shares during the period. Bank of Montreal Can raised its stake in shares of Apartment Investment and Management by 31.5% in the fourth quarter. Bank of Montreal Can now owns 142,199 shares of the real estate investment trust’s stock worth $6,216,000 after buying an additional 34,057 shares during the period. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Apartment Investment and Management by 6.8% in the third quarter. Parametric Portfolio Associates LLC now owns 369,936 shares of the real estate investment trust’s stock worth $16,225,000 after buying an additional 23,597 shares during the period. 98.17% of the stock is currently owned by hedge funds and other institutional investors.

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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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