Apartment Investment and Management Co. (NYSE:AIV) – Stock analysts at KeyCorp reduced their FY2016 earnings estimates for Apartment Investment and Management in a research note issued to investors on Monday. KeyCorp analyst A. Wurschmidt now expects that the brokerage will earn $2.27 per share for the year, down from their prior estimate of $2.31. KeyCorp also issued estimates for Apartment Investment and Management’s FY2017 earnings at $2.32 EPS.

A number of other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $45.00 price target on shares of Apartment Investment and Management in a report on Wednesday, November 16th. Zacks Investment Research raised Apartment Investment and Management from a “sell” rating to a “hold” rating in a report on Monday, November 14th. Mizuho raised Apartment Investment and Management from a “neutral” rating to a “buy” rating and lifted their price target for the company from $48.00 to $49.00 in a report on Monday, October 31st. Finally, JMP Securities cut Apartment Investment and Management from an “outperform” rating to a “market perform” rating in a report on Thursday, October 20th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Apartment Investment and Management has a consensus rating of “Hold” and a consensus price target of $45.78.

Earnings History and Estimates for Apartment Investment and Management (NYSE:AIV)

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Shares of Apartment Investment and Management (NYSE:AIV) opened at 42.10 on Tuesday. The firm has a market cap of $6.60 billion, a PE ratio of 20.36 and a beta of 0.45. The firm’s 50-day moving average price is $42.54 and its 200-day moving average price is $43.58. Apartment Investment and Management has a one year low of $34.97 and a one year high of $47.91.

Apartment Investment and Management (NYSE:AIV) last announced its earnings results on Thursday, October 27th. The real estate investment trust reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by $0.01. The company had revenue of $244.12 million for the quarter, compared to analyst estimates of $239.45 million. Apartment Investment and Management had a net margin of 33.39% and a return on equity of 19.95%. Apartment Investment and Management’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 EPS.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 30th. Shareholders of record on Friday, November 18th were given a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, November 16th. This represents a $1.32 annualized dividend and a yield of 3.14%. Apartment Investment and Management’s dividend payout ratio (DPR) is 64.08%.

In other Apartment Investment and Management news, insider Keith M. Kimmel sold 3,000 shares of Apartment Investment and Management stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $39.81, for a total value of $119,430.00. Following the transaction, the insider now owns 35,718 shares in the company, valued at $1,421,933.58. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.71% of the stock is currently owned by company insiders.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan raised its position in Apartment Investment and Management by 0.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,970 shares of the real estate investment trust’s stock valued at $228,000 after buying an additional 30 shares during the period. NEXT Financial Group Inc raised its position in Apartment Investment and Management by 1.7% in the second quarter. NEXT Financial Group Inc now owns 2,913 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 50 shares during the period. IBM Retirement Fund raised its position in Apartment Investment and Management by 0.4% in the second quarter. IBM Retirement Fund now owns 15,740 shares of the real estate investment trust’s stock valued at $695,000 after buying an additional 62 shares during the period. Oregon Public Employees Retirement Fund raised its position in Apartment Investment and Management by 0.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 16,018 shares of the real estate investment trust’s stock valued at $735,000 after buying an additional 84 shares during the period. Finally, Utah Retirement Systems raised its position in Apartment Investment and Management by 0.3% in the second quarter. Utah Retirement Systems now owns 33,839 shares of the real estate investment trust’s stock valued at $1,494,000 after buying an additional 100 shares during the period.

About Apartment Investment and Management

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.

5 Day Chart for NYSE:AIV

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