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Imperial Capital increased their price objective on shares of Apartment Investment & Management Co. (NYSE:AIV) from $32.00 to $34.00 in a research note issued on Tuesday, ARN reports. The firm currently has an “outperform” rating on the stock. Imperial Capital’s price target suggests a potential upside of 7.94% from the company’s current price.

In other Apartment Investment & Management Co. news, CEO Terry Considine sold 83,722 shares of the stock on the open market in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $31.81, for a total value of $2,663,196.82. Following the sale, the chief executive officer now directly owns 439,331 shares in the company, valued at approximately $13,975,119. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Apartment Investment & Management Co. (NYSE:AIV) traded down 0.88% on Tuesday, hitting $31.50. 1,227,252 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’s 50-day moving average is $30.33 and its 200-day moving average is $28.29. The company has a market cap of $4.602 billion and a P/E ratio of 17.58.

Apartment Investment & Management Co. (NYSE:AIV) last announced its earnings results on Thursday, May 1st. The company reported $0.50 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.49 by $0.01. During the same quarter last year, the company posted $0.48 earnings per share. Analysts expect that Apartment Investment & Management Co. will post $2.07 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, May 30th. Shareholders of record on Friday, May 16th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Wednesday, May 14th.

A number of other firms have also recently commented on AIV. Analysts at Barclays upgraded shares of Apartment Investment & Management Co. from an “underweight” rating to an “equal weight” rating in a research note on Monday, April 21st. They now have a $31.00 price target on the stock, up previously from $29.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Apartment Investment & Management Co. in a research note on Thursday, March 13th. They now have a $32.00 price target on the stock. Finally, analysts at MLV & Co
downgraded shares of Apartment Investment & Management Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, February 12th. They noted that the move was a valuation call. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $32.25.

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

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