Citigroup Inc. Initiates Coverage on Aviv REIT (AVIV)
Stock analysts at Citigroup Inc. started coverage on shares of Aviv REIT (NASDAQ:AVIV) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $30.00 price target on the stock. Citigroup Inc.’s price target would suggest a potential upside of 5.30% from the company’s current price.
Aviv REIT (NASDAQ:AVIV) traded down 1.30% on Tuesday, hitting $28.12. The stock had a trading volume of 111,741 shares. Aviv REIT has a 52 week low of $21.31 and a 52 week high of $29.34. The stock’s 50-day moving average is $27.62 and its 200-day moving average is $25.30. The company has a market cap of $1.326 billion and a price-to-earnings ratio of 35.79.
Aviv REIT (NASDAQ:AVIV) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.02. Analysts expect that Aviv REIT will post $1.89 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, July 11th. Shareholders of record on Friday, June 27th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 5.05%. The ex-dividend date is Wednesday, June 25th.
A number of other analysts have also recently weighed in on AVIV. Analysts at Zacks upgraded shares of Aviv REIT from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 29th. They now have a $30.20 price target on the stock. Analysts at Goldman Sachs upgraded shares of Aviv REIT from a “neutral” rating to a “buy” rating in a research note on Monday, April 21st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $28.18.
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