Apartment Investment and Management Co. (NYSE:AIV) was down 1.8% during mid-day trading on Thursday . The company traded as low as $44.57 and last traded at $44.60, with a volume of 382,297 shares changing hands. The stock had previously closed at $45.40.

A number of equities research analysts have issued reports on AIV shares. Mizuho cut shares of Apartment Investment and Management from a “buy” rating to a “neutral” rating and boosted their target price for the company from $47.00 to $48.00 in a report on Monday, August 1st. Canaccord Genuity reissued a “hold” rating on shares of Apartment Investment and Management in a report on Wednesday, June 29th. Zacks Investment Research raised shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a report on Friday, May 6th. 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 report on Monday, May 2nd. Finally, Citigroup Inc. cut shares of Apartment Investment and Management from a “buy” rating to a “neutral” rating and boosted their target price for the company from $43.00 to $48.00 in a report on Monday, July 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $44.91.

The company has a market capitalization of $7.06 billion and a P/E ratio of 21.24. The stock has a 50-day moving average of $44.87 and a 200 day moving average of $41.29.

Apartment Investment and Management (NYSE:AIV) last issued its earnings results on Thursday, July 28th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The company earned $242.87 million during the quarter, compared to analysts’ expectations of $240.17 million. During the same quarter in the prior year, the business posted $0.56 EPS. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities research analysts predict that Apartment Investment and Management Co. will post $2.31 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Friday, August 19th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Wednesday, August 17th.

In other news, Director Robert A. Miller sold 4,429 shares of Apartment Investment and Management stock in a transaction 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 transaction, the director now owns 76,132 shares in the company, valued at approximately $3,269,869.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John E. Bezzant sold 5,772 shares of Apartment Investment and Management stock in a transaction 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 transaction, the executive vice president now owns 55,163 shares in the company, valued at approximately $2,352,701.95. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have modified their holdings of the company. Mutual of America Capital Management LLC boosted its position in shares of 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 in the last quarter. Mizuho Trust & Banking Co. Ltd. boosted its position in shares of Apartment Investment and Management by 2.5% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 29,494 shares of the real estate investment trust’s stock valued at $1,190,000 after buying an additional 706 shares in the last quarter. Stephens Inc. AR boosted 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 valued at $2,067,000 after buying an additional 4,459 shares in the last quarter. Aberdeen Asset Management PLC UK boosted its position in shares of 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 in the last quarter. Finally, KBC Group NV boosted its position in shares of Apartment Investment and Management by 50.7% in the fourth quarter. KBC Group NV now owns 80,266 shares of the real estate investment trust’s stock valued at $3,213,000 after buying an additional 27,010 shares in 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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