Wells Fargo & Co set a $50.00 price objective on Apartment Investment and Management (NYSE:AIV) in a report released on Friday morning. The firm currently has a buy rating on the real estate investment trust’s stock.

AIV has been the topic of a number of other reports. Scotiabank started coverage on shares of Apartment Investment and Management in a report on Tuesday, October 16th. They issued an underperform rating on the stock. TheStreet upgraded shares of Apartment Investment and Management from a c+ rating to a b rating in a research note on Thursday, November 1st. Jefferies Financial Group lifted their price target on shares of Apartment Investment and Management from $42.00 to $46.00 and gave the stock a hold rating in a research note on Thursday, August 16th. Mizuho reiterated a hold rating and set a $44.00 price target on shares of Apartment Investment and Management in a research note on Monday, August 6th. Finally, Zacks Investment Research reiterated a sell rating on shares of Apartment Investment and Management in a research note on Monday, November 12th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $46.22.

Shares of AIV opened at $45.97 on Friday. Apartment Investment and Management has a twelve month low of $37.97 and a twelve month high of $46.38. The firm has a market capitalization of $7.11 billion, a PE ratio of 18.48, a PEG ratio of 3.97 and a beta of 0.44. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 1.76.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $3.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $3.00. Apartment Investment and Management had a net margin of 92.50% and a return on equity of 55.25%. The business had revenue of $242.48 million for the quarter, compared to analyst estimates of $239.80 million. During the same period last year, the business earned $0.63 EPS. The company’s revenue was down 4.8% on a year-over-year basis. Equities analysts expect that Apartment Investment and Management will post 2.46 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 16th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, November 15th. This represents a $1.52 annualized dividend and a yield of 3.31%. Apartment Investment and Management’s dividend payout ratio is currently 62.04%.

In related news, insider Lisa R. Cohn sold 5,000 shares of Apartment Investment and Management stock in a transaction on Friday, November 9th. The shares were sold at an average price of $45.62, for a total transaction of $228,100.00. Following the sale, the insider now directly owns 73,754 shares in the company, valued at approximately $3,364,657.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of AIV. Advisors Asset Management Inc. grew its position in Apartment Investment and Management by 85,310.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,641,587 shares of the real estate investment trust’s stock worth $174,000 after purchasing an additional 1,639,665 shares during the last quarter. V3 Capital Management L.P. purchased a new position in Apartment Investment and Management during the 3rd quarter worth $24,216,000. Renaissance Technologies LLC grew its position in Apartment Investment and Management by 7.7% during the 3rd quarter. Renaissance Technologies LLC now owns 6,121,585 shares of the real estate investment trust’s stock worth $270,146,000 after purchasing an additional 439,200 shares during the last quarter. Hexavest Inc. grew its position in Apartment Investment and Management by 49.3% during the 3rd quarter. Hexavest Inc. now owns 1,109,413 shares of the real estate investment trust’s stock worth $48,958,000 after purchasing an additional 366,288 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Apartment Investment and Management by 12,397.7% during the 2nd quarter. Victory Capital Management Inc. now owns 303,568 shares of the real estate investment trust’s stock worth $12,841,000 after purchasing an additional 301,139 shares during the last quarter.

Apartment Investment and Management Company Profile

Aimco is a real estate investment trust focused on the ownership and management of quality apartment communities located in select markets in the United States. Aimco is one of the country's largest owners and operators of apartments, with ownership interests in 133 communities in 17 states and the District of Columbia.

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

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