MLV & Co Initiates Coverage on Aviv REIT (AVIV)
Research analysts at MLV & Co
initiated coverage on shares of Aviv REIT (NASDAQ:AVIV) in a report released on Friday, TheFlyOnTheWall.com reports. The firm set a “hold” rating and a $30.00 price target on the stock. MLV & Co
‘s price target would indicate a potential upside of 5.23% from the company’s current price.
A number of other firms have also recently commented on AVIV. Analysts at Citigroup Inc. initiated coverage on shares of Aviv REIT in a research note on Tuesday, June 17th. They set a “neutral” rating and a $30.00 price target on the stock. Separately, 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. Finally, 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 research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $28.54.
Shares of Aviv REIT (NASDAQ:AVIV) traded up 0.14% during mid-day trading on Friday, hitting $28.55. 172,403 shares of the company’s stock traded hands. Aviv REIT has a 52-week low of $21.31 and a 52-week high of $29.34. The stock has a 50-day moving average of $28.08 and a 200-day moving average of $25.51. The company has a market cap of $1.346 billion and a price-to-earnings ratio of 35.82.
Aviv REIT (NASDAQ:AVIV) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.43 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.45 by $0.02. On average, analysts predict that Aviv REIT will post $1.89 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, July 11th. Investors 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.