ValuEngine upgraded shares of Apartment Investment and Management (NYSE:AIV) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning.

A number of other equities analysts also recently commented on AIV. Mizuho reiterated a hold rating and set a $44.00 price objective on shares of Apartment Investment and Management in a research report on Monday, August 6th. Zacks Investment Research upgraded Apartment Investment and Management from a sell rating to a hold rating in a research report on Tuesday, August 7th. Jefferies Financial Group lifted their price objective on Apartment Investment and Management from $42.00 to $46.00 and gave the stock a hold rating in a research report on Thursday, August 16th. Scotiabank started coverage on Apartment Investment and Management in a research report on Tuesday, October 16th. They set an underperform rating on the stock. Finally, TheStreet upgraded Apartment Investment and Management from a c+ rating to a b rating in a research report on Thursday, November 1st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $46.22.

NYSE AIV opened at $45.89 on Tuesday. The company has a market capitalization of $7.15 billion, a PE ratio of 18.61, a PEG ratio of 3.95 and a beta of 0.44. Apartment Investment and Management has a 1-year low of $37.97 and a 1-year high of $46.38. 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 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $3.00. Apartment Investment and Management had a return on equity of 55.25% and a net margin of 92.50%. The firm had revenue of $242.48 million for the quarter, compared to the consensus estimate of $239.80 million. During the same quarter last year, the business posted $0.63 earnings per share. The firm’s revenue was down 4.8% compared to the same quarter last year. On average, research analysts predict that Apartment Investment and Management will post 2.49 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 16th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $1.52 dividend on an annualized basis and a yield of 3.31%. Apartment Investment and Management’s dividend payout ratio is currently 62.04%.

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

Large investors have recently bought and sold shares of the business. Point72 Hong Kong Ltd purchased a new stake in Apartment Investment and Management in the third quarter valued at $118,000. Honkamp Krueger Financial Services Inc. purchased a new stake in Apartment Investment and Management in the third quarter valued at $130,000. Quad Cities Investment Group LLC purchased a new stake in Apartment Investment and Management in the second quarter valued at $150,000. Advisors Asset Management Inc. raised its position in Apartment Investment and Management by 114.5% in the second quarter. Advisors Asset Management Inc. now owns 4,122 shares of the real estate investment trust’s stock valued at $174,000 after purchasing an additional 2,200 shares during the period. Finally, Rehmann Capital Advisory Group raised its position in Apartment Investment and Management by 4,153.6% in the third quarter. Rehmann Capital Advisory Group now owns 8,252 shares of the real estate investment trust’s stock valued at $187,000 after purchasing an additional 8,058 shares during the period.

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.

See Also: Hedge Funds

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

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