Apartment Investment and Management CEO Sells $3,287,503 in Stock (AIV)
Apartment Investment and Management (NYSE:AIV) CEO Terry Considine unloaded 99,051 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $33.19, for a total transaction of $3,287,502.69. Following the transaction, the chief executive officer now directly owns 340,280 shares in the company, valued at approximately $11,293,893. The sale was disclosed in a 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. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $32.75.
Apartment Investment and Management (NYSE:AIV) traded up 0.33% during mid-day trading on Monday, hitting $33.35. 906,994 shares of the company’s stock traded hands. Apartment Investment and Management has a one year low of $24.78 and a one year high of $34.48. The stock has a 50-day moving average of $33.22 and a 200-day moving average of $31.03. The company has a market cap of $4.875 billion and a P/E ratio of 14.75.
Apartment Investment and Management (NYSE:AIV) last released its earnings data on Thursday, July 31st. The company reported $0.52 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts predict that Apartment Investment and Management will post $2.08 earnings per share 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 3.13%. The ex-dividend date 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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