Apartment Investment and Management (NYSE: AIV) has recently received a number of price target changes and ratings updates:

  • 8/2/2017 – Apartment Investment and Management was given a new $50.00 price target on by analysts at Canaccord Genuity. They now have a “hold” rating on the stock.
  • 7/27/2017 – Apartment Investment and Management was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Aimco underperformed the industry year to date. However, over the past 30 days, the second-quarter funds from operations (FFO) per share estimate remained unchanged, while the same for full-year 2017 moved north. Recently, Aimco announced the acquisition of 47% stake in the Palazzo joint venture owned by institutional investors. The $451.5 million deal enabled the residential REIT gain full ownership of three Palazzo communities. It is in sync with Aimco’s strategy of revamping its portfolio through property sales and reinvesting the proceeds in select apartment homes with higher rents, superior margins and higher-than-expected growth. Also, the company’s solid portfolio, diversified in terms of geography, and price point and improving balance sheet are anticipated to drive growth. However, growth in supply and dilutive effects of sale of assets remain concerns.”
  • 7/25/2017 – Apartment Investment and Management was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/24/2017 – Apartment Investment and Management was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $50.00 price target on the stock. According to Zacks, “Shares of Aimco underperformed the industry year to date. However, over the past 30 days, the second-quarter funds from operations (FFO) per share estimate remained unchanged, while the same for full-year 2017 moved north. Recently, Aimco announced the acquisition of 47% stake in the Palazzo joint venture owned by institutional investors. The $451.5 million deal enabled the residential REIT gain full ownership of three Palazzo communities. It is in sync with Aimco’s strategy of revamping its portfolio through property sales and reinvesting the proceeds in select apartment homes with higher rents, superior margins and higher-than-expected growth. Also, the company’s solid portfolio, diversified in terms of geography, and price point and improving balance sheet are anticipated to drive growth. However, growth in supply and dilutive effects of sale of assets remain concerns.”
  • 7/18/2017 – Apartment Investment and Management had its price target lowered by analysts at Barclays PLC from $48.00 to $47.00. They now have an “overweight” rating on the stock.
  • 7/12/2017 – Apartment Investment and Management was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/10/2017 – Apartment Investment and Management was upgraded by analysts at JMP Securities from a “market perform” rating to an “outperform” rating. They now have a $52.00 price target on the stock.
  • 7/10/2017 – Apartment Investment and Management was downgraded by analysts at Mizuho from a “neutral” rating to an “underperform” rating. They now have a $42.00 price target on the stock, down previously from $45.00.
  • 7/4/2017 – Apartment Investment and Management was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/27/2017 – Apartment Investment and Management was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/16/2017 – Apartment Investment and Management was downgraded by analysts at Bank of America Corporation from a “buy” rating to a “neutral” rating. They now have a $47.00 price target on the stock.

Apartment Investment and Management Company (NYSE:AIV) opened at 45.74 on Friday. The company has a market cap of $7.18 billion, a PE ratio of 36.02 and a beta of 0.44. The firm has a 50-day moving average of $43.98 and a 200 day moving average of $44.20. Apartment Investment and Management Company has a 52-week low of $39.66 and a 52-week high of $47.91.

Apartment Investment and Management (NYSE:AIV) last announced its earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The business had revenue of $246.24 million during the quarter, compared to analysts’ expectations of $240.78 million. Apartment Investment and Management had a net margin of 20.64% and a return on equity of 12.46%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the company posted $0.59 EPS. Equities research analysts expect that Apartment Investment and Management Company will post $0.50 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Friday, August 18th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Wednesday, August 16th. Apartment Investment and Management’s dividend payout ratio (DPR) is currently 113.39%.

Apartment Investment and Management Company (Aimco) is a self-administered and self-managed real estate investment trust (REIT). Aimco, through its subsidiaries, AIMCO-GP, Inc and AIMCO-LP Trust, holds the ownership interests in the Aimco Operating Partnership. It operates through two segments: conventional real estate and affordable real estate.

Receive News & Ratings for Apartment Investment and Management Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apartment Investment and Management Company and related companies with MarketBeat.com's FREE daily email newsletter.