Apartment Investment and Management Co. (NYSE:AIV) shares reached a new 52-week high during trading on Tuesday . The stock 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.

Several research firms have recently commented on AIV. Robert W. Baird reissued a “hold” rating on shares of Apartment Investment and Management in a research report on Sunday, May 8th. Canaccord Genuity reissued a “hold” rating on shares of Apartment Investment and Management in a research report on Wednesday, June 29th. Zacks Investment Research raised Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Friday, May 6th. SunTrust Banks Inc. lowered Apartment Investment and Management from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $42.00 to $44.00 in a research report on Thursday, June 2nd. They noted that the move was a valuation call. Finally, Mizuho raised Apartment Investment and Management from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $36.00 to $46.00 in a research report on Monday, March 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $43.27.

The stock has a market cap of $7.22 billion and a price-to-earnings ratio of 42.25. The firm’s 50-day moving average price is $42.56 and its 200 day moving average price is $40.34.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings results on Thursday, April 28th. The real estate investment trust reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.02. During the same period last year, the firm earned $0.46 EPS. The firm had revenue of $246.20 million for the quarter, compared to analysts’ expectations of $240.82 million. Apartment Investment and Management’s revenue was up .8% compared to the same quarter last year. On average, equities research analysts anticipate that Apartment Investment and Management Co. will post $2.31 EPS for the current fiscal year.

In other news, EVP John E. Bezzant sold 5,772 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $42.65, for a total transaction of $246,175.80. Following the sale, the executive vice president now owns 55,163 shares of the company’s stock, valued at approximately $2,352,701.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael A. Stein sold 17,184 shares of the business’s stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $42.44, for a total value of $729,288.96. Following the sale, the director now directly owns 35,000 shares in the company, valued at approximately $1,485,400. The disclosure for this sale can be found here.

A number of large investors recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in 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 worth $1,008,535,000 after buying an additional 764,706 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in 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 during the last quarter. Victory Capital Management Inc. raised 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 worth $18,965,000 after buying an additional 472,572 shares during the last quarter. Advantus Capital Management Inc raised its stake in 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 during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its stake in 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 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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