Apartment Investment and Management Given Consensus Rating of “Hold” by Brokerages (NYSE:AIV)
Apartment Investment and Management (NYSE:AIV) has received an average recommendation of “Hold” from the eight analysts that are presently covering the stock, Stock Ratings Network reports. Six equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $33.40.
Shares of Apartment Investment and Management (NYSE:AIV) traded down 0.17% on Thursday, hitting $34.67. 161,389 shares of the company’s stock traded hands. Apartment Investment and Management has a 52 week low of $24.78 and a 52 week high of $34.77. The stock’s 50-day moving average is $33.82 and its 200-day moving average is $31.69. The company has a market cap of $5.068 billion and a P/E ratio of 15.42.
Apartment Investment and Management (NYSE:AIV) last released its 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 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 $2.09 EPS for the current fiscal year.
In other Apartment Investment and Management news, EVP Miles Cortez sold 7,028 shares of Apartment Investment and Management stock on the open market in a transaction dated Thursday, August 21st. The shares were sold at an average price of $34.25, for a total transaction of $240,709.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Apartment Investment and Management in a research note on Wednesday. They now have a $36.00 price target on the stock. Separately, 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. Finally, 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.
Apartment Investment and Management Company (NYSE:AIV) is a self-administered and self-managed real estate investment trust (REIT).
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