Apartment Investment and Management Co. (NYSE:AIV)’s share price hit a new 52-week high on Tuesday . The company traded as high as $46.72 and last traded at $46.56, with a volume of 1,238,369 shares traded. The stock had previously closed at $45.82.

A number of brokerages have recently weighed in on AIV. Citigroup cut shares of Apartment Investment and Management from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $43.00 to $48.00 in a research report on Monday, July 18th. Mizuho cut shares of Apartment Investment and Management from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $47.00 to $48.00 in a research report on Monday, August 1st. Barclays PLC lifted their price target on shares of Apartment Investment and Management from $47.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 19th. Canaccord Genuity lifted their price target on shares of Apartment Investment and Management from $41.00 to $47.00 and gave the stock a “hold” rating in a research report on Tuesday, August 2nd. Finally, Zacks Investment Research cut shares of Apartment Investment and Management from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Apartment Investment and Management currently has an average rating of “Hold” and an average price target of $44.91.

The firm has a market cap of $7.27 billion and a PE ratio of 21.90. The stock’s 50 day moving average is $44.93 and its 200 day moving average is $42.12.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Friday, August 19th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.88%. The ex-dividend date was Wednesday, August 17th.

In other news, CEO Terry Considine sold 176,000 shares of the stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $45.29, for a total transaction of $7,971,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Paul Beldin sold 4,218 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $45.67, for a total transaction of $192,636.06. Following the sale, the chief financial officer now owns 34,771 shares of the company’s stock, valued at $1,587,991.57. The disclosure for this sale can be found here.

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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