Apartment Investment and Management Co. (NYSE:AIV)’s share price hit a new 52-week high on Wednesday . The company traded as high as $45.42 and last traded at $45.37, with a volume of 775,812 shares. The stock had previously closed at $45.12.

Several research firms have issued reports on AIV. Robert W. Baird reaffirmed a “hold” rating on shares of Apartment Investment and Management in a report on Sunday, May 8th. Royal Bank Of Canada upped their price target on shares of Apartment Investment and Management from $43.00 to $44.00 and gave the stock a “sector perform” rating in a report on Monday, May 2nd. Canaccord Genuity upped their price target on shares of Apartment Investment and Management from $39.00 to $41.00 and gave the stock a “hold” rating in a report on Monday, May 2nd. Mizuho raised Apartment Investment and Management from a “neutral” rating to a “buy” rating and increased their target price for the company from $36.00 to $46.00 in a research note on Monday, March 21st. Finally, Zacks Investment Research raised Apartment Investment and Management from a “sell” rating to a “hold” rating in a research note on Friday, May 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $43.27.

The firm’s 50 day moving average is $42.07 and its 200 day moving average is $40.16. The stock has a market capitalization of $7.03 billion and a P/E ratio of 41.15.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings data on Thursday, April 28th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.02. During the same period in the previous year, the business earned $0.46 earnings per share. The company had revenue of $246.20 million for the quarter, compared to analysts’ expectations of $240.82 million. The business’s revenue for the quarter was up .8% on a year-over-year basis. On average, analysts forecast that Apartment Investment and Management Co. will post $2.31 EPS for the current fiscal year.

In other Apartment Investment and Management news, Director Robert A. Miller sold 4,429 shares of Apartment Investment and Management stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $42.95, for a total transaction of $190,225.55. Following the completion of the sale, the director now directly owns 76,132 shares in the company, valued at $3,269,869.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Patti K. Fielding sold 10,000 shares of Apartment Investment and Management stock in a transaction dated Wednesday, June 29th. The shares were sold at an average price of $43.00, for a total transaction of $430,000.00. Following the sale, the executive vice president now owns 20,923 shares of the company’s stock, valued at $899,689. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have made changes to their positions in AIV. Dimensional Fund Advisors LP increased its position in shares of Apartment Investment and Management by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,999,482 shares of the real estate investment trust’s stock worth $80,041,000 after buying an additional 31,817 shares in the last quarter. Stephens Inc. AR increased its position in shares of Apartment Investment and Management by 9.4% in the fourth quarter. Stephens Inc. AR now owns 51,649 shares of the real estate investment trust’s stock worth $2,067,000 after buying an additional 4,459 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Apartment Investment and Management by 24.4% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 255,000 shares of the real estate investment trust’s stock worth $10,208,000 after buying an additional 50,000 shares in the last quarter. Advantus Capital Management Inc increased its position in shares of Apartment Investment and Management by 8.9% in the fourth quarter. Advantus Capital Management Inc now owns 459,309 shares of the real estate investment trust’s stock worth $18,386,000 after buying an additional 37,597 shares in the last quarter. Finally, Century Capital Management LLC purchased a new position in shares of Apartment Investment and Management during the fourth quarter worth about $5,811,000.

Apartment Investment and Management Company (Aimco) is a self-administered and self-managed real estate investment trust. The Company, through its subsidiaries, AIMCO-GP, Inc and AIMCO-LP Trust, holds the ownership interests in the Aimco Operating Partnership. Its segments include conventional real estate and affordable real estate.

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