Apartment Investment and Management Co (NYSE:AIV) has been given an average rating of “Hold” by the nine brokerages that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $54.00.

AIV has been the topic of a number of research analyst reports. BMO Capital Markets upgraded Apartment Investment and Management from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $56.00 to $58.00 in a research note on Friday, September 6th. Barclays set a $53.00 target price on Apartment Investment and Management and gave the stock a “hold” rating in a research note on Friday, October 11th. SunTrust Banks boosted their target price on Apartment Investment and Management from $49.00 to $50.00 and gave the stock a “hold” rating in a research note on Thursday, August 29th. ValuEngine downgraded Apartment Investment and Management from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Mizuho upgraded Apartment Investment and Management from a “neutral” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Tuesday, August 6th.

In related news, Director Kathleen M. Nelson sold 2,400 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $50.16, for a total value of $120,384.00. Following the transaction, the director now owns 44,329 shares in the company, valued at $2,223,542.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.83% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. FMR LLC lifted its stake in Apartment Investment and Management by 5.7% in the first quarter. FMR LLC now owns 6,614,021 shares of the real estate investment trust’s stock valued at $332,619,000 after purchasing an additional 358,290 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in Apartment Investment and Management by 191.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,852,566 shares of the real estate investment trust’s stock valued at $92,850,000 after acquiring an additional 1,217,071 shares during the period. Morgan Stanley raised its holdings in Apartment Investment and Management by 43.2% during the 2nd quarter. Morgan Stanley now owns 1,815,925 shares of the real estate investment trust’s stock valued at $91,014,000 after acquiring an additional 547,576 shares during the period. Bank of New York Mellon Corp raised its holdings in Apartment Investment and Management by 12.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,707,843 shares of the real estate investment trust’s stock valued at $85,597,000 after acquiring an additional 189,955 shares during the period. Finally, Duff & Phelps Investment Management Co. raised its holdings in Apartment Investment and Management by 1.1% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,430,382 shares of the real estate investment trust’s stock valued at $74,580,000 after acquiring an additional 15,100 shares during the period. Institutional investors and hedge funds own 95.72% of the company’s stock.

Shares of NYSE AIV traded up $0.45 during midday trading on Tuesday, reaching $54.48. The company’s stock had a trading volume of 671,729 shares, compared to its average volume of 951,474. Apartment Investment and Management has a 12-month low of $41.98 and a 12-month high of $54.61. The firm has a 50 day moving average price of $52.02 and a 200-day moving average price of $50.77. The stock has a market capitalization of $8.04 billion, a P/E ratio of 21.36, a PEG ratio of 4.80 and a beta of 0.54. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.22 and a quick ratio of 0.22.

Apartment Investment and Management (NYSE:AIV) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.01). Apartment Investment and Management had a return on equity of 49.61% and a net margin of 98.61%. The business had revenue of $224.20 million during the quarter, compared to analysts’ expectations of $224.36 million. During the same quarter in the previous year, the firm earned $0.59 EPS. Apartment Investment and Management’s quarterly revenue was down 10.4% on a year-over-year basis. On average, equities analysts predict that Apartment Investment and Management will post 2.48 EPS for the current year.

Apartment Investment and Management Company Profile

Aimco is a real estate investment trust focused on the ownership and management of quality apartment communities located in select markets in the United States. Aimco is one of the country's largest owners and operators of apartments, with ownership interests in 132 communities in 17 states and the District of Columbia.

Read More: What are the economic characteristics of a bear market?

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

Receive News & Ratings for Apartment Investment and Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apartment Investment and Management and related companies with MarketBeat.com's FREE daily email newsletter.