Apartment Investment and Management Co. (NYSE:AIV)’s share price hit a new 52-week high on Tuesday . The company traded as high as $45.88 and last traded at $45.80, with a volume of 561,514 shares traded. The stock had previously closed at $45.73.

AIV has been the subject of a number of recent analyst reports. Mizuho upgraded shares of Apartment Investment and Management from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $36.00 to $46.00 in a report on Monday, March 21st. Zacks Investment Research lowered shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a report on Friday, April 1st. Robert W. Baird lowered shares of Apartment Investment and Management from an “outperform” rating to a “neutral” rating and set a $40.00 target price for the company. in a research note on Wednesday, April 13th. Canaccord Genuity boosted their target price on shares of Apartment Investment and Management from $39.00 to $41.00 and gave the company a “hold” rating in a research note on Monday, May 2nd. Finally, Royal Bank Of Canada boosted their target price on shares of Apartment Investment and Management from $43.00 to $44.00 and gave the company a “sector perform” rating in a research note on Monday, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $43.27.

The stock has a market capitalization of $7.16 billion and a P/E ratio of 41.90. The firm has a 50-day moving average of $42.32 and a 200 day moving average of $40.25.

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

In other Apartment Investment and Management news, Director Michael A. Stein sold 17,184 shares of the firm’s stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $42.44, for a total value of $729,288.96. Following the completion of the sale, the director now directly owns 35,000 shares in the company, valued at $1,485,400. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert A. Miller sold 4,429 shares of the firm’s stock in a transaction that occurred on 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 owns 76,132 shares of the company’s stock, valued at $3,269,869.40. The disclosure for this sale can be found here.

A number of large investors have recently made changes to their positions in AIV. Vanguard Group Inc. increased its stake in shares of Apartment Investment and Management by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 25,194,475 shares of the real estate investment trust’s stock valued at $1,008,535,000 after buying an additional 764,706 shares during the period. Aberdeen Asset Management PLC UK increased its stake in Apartment Investment and Management by 30.9% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 30,482 shares of the real estate investment trust’s stock valued at $1,226,000 after buying an additional 7,193 shares during the last quarter. Victory Capital Management Inc. increased its stake in Apartment Investment and Management by 39,315.5% in the fourth quarter. Victory Capital Management Inc. now owns 473,774 shares of the real estate investment trust’s stock valued at $18,965,000 after buying an additional 472,572 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in Apartment Investment and Management by 0.4% in the fourth quarter. Mutual of America Capital Management LLC now owns 32,336 shares of the real estate investment trust’s stock valued at $1,294,000 after buying an additional 138 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in Apartment Investment and Management by 4.6% in the fourth quarter. ProShare Advisors LLC now owns 110,469 shares of the real estate investment trust’s stock valued at $4,422,000 after buying an additional 4,809 shares during the last quarter.

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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