Apartment Investment and Management Company (NYSE:AIV)‘s stock had its “hold” rating reiterated by equities research analysts at Robert W. Baird in a research report issued on Tuesday. They currently have a $46.00 price objective on the real estate investment trust’s stock. Robert W. Baird’s price target suggests a potential upside of 4.10% from the stock’s current price.

Several other equities analysts have also commented on AIV. BidaskClub raised shares of Apartment Investment and Management from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Mizuho lowered shares of Apartment Investment and Management from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $45.00 to $42.00 in a report on Monday, July 10th. Canaccord Genuity set a $50.00 target price on shares of Apartment Investment and Management and gave the company a “hold” rating in a report on Wednesday, August 2nd. Barclays PLC reduced their target price on shares of Apartment Investment and Management from $48.00 to $47.00 and set an “overweight” rating on the stock in a report on Tuesday, July 18th. Finally, UBS AG lowered shares of Apartment Investment and Management from a “buy” rating to a “neutral” rating and set a $48.00 target price on the stock. in a report on Friday, September 8th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Apartment Investment and Management currently has an average rating of “Hold” and an average price target of $46.90.

Shares of Apartment Investment and Management (NYSE AIV) opened at 44.19 on Tuesday. Apartment Investment and Management has a 1-year low of $39.66 and a 1-year high of $46.86. The company has a market cap of $6.94 billion, a PE ratio of 34.80 and a beta of 0.46. The firm’s 50 day moving average is $44.92 and its 200-day moving average is $44.31.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. The firm had revenue of $246.24 million for the quarter, compared to analyst estimates of $240.78 million. Apartment Investment and Management had a net margin of 20.64% and a return on equity of 12.46%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.59 EPS. Equities analysts expect that Apartment Investment and Management will post $0.41 earnings per share for the current year.

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In other news, EVP Keith M. Kimmel sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $46.00, for a total value of $460,000.00. Following the completion of the sale, the executive vice president now directly owns 28,481 shares of the company’s stock, valued at approximately $1,310,126. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.20% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Schroder Investment Management Group purchased a new position in Apartment Investment and Management during the 2nd quarter valued at about $124,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in Apartment Investment and Management by 190.0% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,900 shares of the real estate investment trust’s stock valued at $129,000 after acquiring an additional 1,900 shares during the period. Ameritas Investment Partners Inc. purchased a new position in Apartment Investment and Management during the 1st quarter valued at about $166,000. Raymond James Trust N.A. purchased a new position in Apartment Investment and Management during the 2nd quarter valued at about $217,000. Finally, Shelton Capital Management purchased a new position in Apartment Investment and Management during the 2nd quarter valued at about $246,000. 98.18% of the stock is owned by institutional investors.

About Apartment Investment and Management

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.

Analyst Recommendations for Apartment Investment and Management (NYSE:AIV)

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