Aviv REIT Sets New 12-Month High at $29.43 (AVIV)
Aviv REIT (NASDAQ:AVIV) shares reached a new 52-week high on Friday , Analyst Ratings.Net reports. The company traded as high as $29.43 and last traded at $29.05, with a volume of 181,455 shares trading hands. The stock had previously closed at $28.99.
AVIV has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Aviv REIT from an “outperform” rating to a “neutral” rating in a research note on Wednesday, August 6th. They now have a $31.60 price target on the stock. Separately, analysts at MLV & Co
initiated coverage on shares of Aviv REIT in a research note on Friday, June 27th. They set a “hold” rating and a $30.00 price target on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $28.78.
The stock’s 50-day moving average is $28.22 and its 200-day moving average is $26.8. The company has a market cap of $1.376 billion and a price-to-earnings ratio of 38.40.
Aviv REIT (NASDAQ:AVIV) last released its earnings results on Tuesday, August 5th. The company reported $0.44 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.46 by $0.02. The company had revenue of $43.20 million for the quarter, compared to the consensus estimate of $44.01 million. On average, analysts predict that Aviv REIT will post $1.73 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 10th. Investors of record on Friday, September 26th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 4.97%. The ex-dividend date is Wednesday, September 24th.
Aviv REIT, Inc, is a self-administered real estate investment trust (NASDAQ:AVIV) , specializing in the ownership and triple-net leasing of post-acute and long-term cares skilled nursing facilities (SNF).
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