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Apartment Investment and Management (NYSE:AIV) Director James N. Bailey sold 10,000 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $33.21, for a total transaction of $332,100.00. Following the sale, the director now directly owns 52,587 shares of the company’s stock, valued at approximately $1,746,414. The sale was disclosed in a document filed with the SEC, which is available at this link.

A number of analysts have recently weighed in on AIV shares. 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 assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $32.75.

Apartment Investment and Management (NYSE:AIV) traded up 0.33% on Monday, hitting $33.35. 906,994 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 $33.22 and a 200-day moving average of $31.03. The company has a market cap of $4.875 billion and a price-to-earnings ratio of 14.75.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings data 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 last year, the company posted $0.49 earnings per share. Apartment Investment and Management’s revenue was up 1.9% compared to the same quarter last year. 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. Stockholders 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 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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