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Apartment Investment & Management Co. (NYSE:AIV) EVP Miles Cortez sold 2,973 shares of Apartment Investment & Management Co. stock on the open market in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $27.49, for a total transaction of $81,727.77. Following the completion of the sale, the executive vice president now directly owns 132,483 shares of the company’s stock, valued at approximately $3,641,958. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Apartment Investment & Management Co. (NYSE:AIV) traded up 0.50% on Friday, hitting $27.97. The stock had a trading volume of 2,206,964 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 $26.31 and its 200-day moving average is $27.68. The company has a market cap of $4.081 billion and a price-to-earnings ratio of 27.02.

The company also recently declared a quarterly dividend, which is scheduled for Friday, February 28th. Shareholders 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 3.72%. The ex-dividend date of this dividend is Wednesday, February 12th. This is a positive change from Apartment Investment & Management Co.’s previous quarterly dividend of $0.24.

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 research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $31.56.

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

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