Apartment Investment and Management EVP Lisa R. Cohn Unloads 2,460 Shares (AIV)
Apartment Investment and Management (NYSE:AIV) EVP Lisa R. Cohn sold 2,460 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $33.67, for a total transaction of $82,828.20. Following the transaction, the executive vice president now directly owns 100,392 shares of the company’s stock, valued at approximately $3,380,199. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on AIV. Analysts at Mizuho initiated coverage on shares of Apartment Investment and Management in a research note on Wednesday, July 23rd. They set a “neutral” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Apartment Investment and Management from $32.00 to $34.00 in a research note on Monday, July 21st. They now have an “equal weight” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Apartment Investment and Management in a research note on Friday, June 20th. They now have a $32.00 price target on the stock, up previously from $31.00. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Apartment Investment and Management presently has a consensus rating of “Hold” and an average price target of $32.80.
Shares of Apartment Investment and Management (NYSE:AIV) traded up 1.22% during mid-day trading on Monday, hitting $33.96. 859,387 shares of the company’s stock traded hands. Apartment Investment and Management has a 1-year low of $24.78 and a 1-year high of $34.48. The stock has a 50-day moving average of $33.01 and a 200-day moving average of $30.86. The company has a market cap of $4.962 billion and a P/E ratio of 18.56.
Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.51 by $0.01. The company had revenue of $246.40 million for the quarter, compared to the consensus estimate of $237.98 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. Analysts expect that Apartment Investment and Management will post $2.07 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Investors of record on Friday, August 15th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Wednesday, August 13th.
Apartment Investment and Management Company (NYSE:AIV) is a self-administered and self-managed real estate investment trust (REIT).
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