Apartment Investment and Management EVP Unloads $69,408 in Stock (AIV)
Apartment Investment and Management (NYSE:AIV) EVP Miles Cortez sold 2,169 shares of the company’s stock on the open market in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $32.00, for a total value of $69,408.00. Following the completion of the sale, the executive vice president now directly owns 127,546 shares in the company, valued at approximately $4,081,472. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Apartment Investment and Management (NYSE:AIV) traded up 0.48% on Tuesday, hitting $31.49. 1,234,794 shares of the company’s stock traded hands. Apartment Investment and Management has a 52-week low of $24.78 and a 52-week high of $32.18. The stock has a 50-day moving average of $31.16 and a 200-day moving average of $28.88. The company has a market cap of $4.601 billion and a P/E ratio of 17.33.
Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings data 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. On average, analysts predict that Apartment Investment and Management will post $2.07 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at TheStreet upgraded shares of Apartment Investment and Management to a “buy” rating in a research note on Tuesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Apartment Investment and Management in a research note on Monday, June 2nd. They now have a $33.00 price target on the stock. Finally, analysts at Imperial Capital raised their price target on shares of Apartment Investment and Management from $32.00 to $34.00 in a research note on Tuesday, May 6th. They now have an “outperform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $31.60.
Apartment Investment and Management Company (NYSE:AIV) is a self-administered and self-managed real estate investment trust (REIT).
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