Insider Selling: Lisa R. Cohn Sells 2,751 Shares of Apartment Investment & Management Co. Stock (AIV)
Apartment Investment & Management Co. (NYSE:AIV) EVP Lisa R. Cohn unloaded 2,751 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $26.76, for a total value of $73,616.76. Following the sale, the executive vice president now directly owns 128,608 shares of the company’s stock, valued at approximately $3,441,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $31.56.
Apartment Investment & Management Co. (NYSE:AIV) traded up 0.85% during mid-day trading on Wednesday, hitting $27.31. The stock had a trading volume of 2,388,455 shares. Apartment Investment & Management Co. has a one year low of $24.78 and a one year high of $33.44. The stock’s 50-day moving average is $26.20 and its 200-day moving average is $27.68. The company has a market cap of $3.985 billion and a price-to-earnings ratio of 26.29.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of 0.26 per share. This represents a $1.04 dividend on an annualized basis and a 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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