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Apartment Investment & Management Co. (NYSE:AIV) CFO Ernest Michael Freedman sold 5,500 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $26.91, for a total transaction of $148,005.00. Following the sale, the chief financial officer now directly owns 134,365 shares of the company’s stock, valued at approximately $3,615,762. The sale was disclosed in a filing with the SEC, which is available at this link.

A number of research firms have recently commented on AIV. Analysts at JPMorgan Chase & Co. upgraded shares of Apartment Investment & Management Co. from an “underweight” rating to a “neutral” rating in a research note to investors on Thursday, January 16th. They now have a $29.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Apartment Investment & Management Co. in a research note to investors on Wednesday, December 4th. They now have a $26.00 price target on the stock. Finally, analysts at RBC Capital downgraded shares of Apartment Investment & Management Co. from an “outperform” rating to a “sector perform” rating in a research note to investors on Thursday, November 7th. They now have a $31.00 price target on the stock, down previously from $34.00. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Apartment Investment & Management Co. has a consensus rating of “Hold” and an average target price of $31.56.

Apartment Investment & Management Co. (NYSE:AIV) traded up 0.85% on Wednesday, hitting $27.31. 2,388,455 shares of the company’s stock traded hands. Apartment Investment & Management Co. has a 52-week low of $24.78 and a 52-week high of $33.44. The stock has a 50-day moving average of $26.20 and a 200-day moving average of $27.68. The company has a market cap of $3.985 billion and a P/E ratio of 26.29.

The company also recently announced a quarterly dividend, which is scheduled for Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of 0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.81%.

Apartment Investment and Management Company (NYSE:AIV) is a self-administered and self-managed real estate investment trust (REIT).

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