Apartment Investment and Management Co (NYSE:AIV)‘s stock had its “sell” rating restated by research analysts at BMO Capital Markets in a research note issued to investors on Thursday. They currently have a $42.00 price objective on the real estate investment trust’s stock. BMO Capital Markets’ price target would indicate a potential downside of 2.94% from the stock’s current price.

Several other equities research analysts also recently issued reports on AIV. Barclays PLC cut their price target on Apartment Investment and Management from $49.00 to $48.00 and set an “overweight” rating for the company in a report on Thursday, May 18th. Zacks Investment Research raised Apartment Investment and Management from a “sell” rating to a “hold” rating in a report on Thursday, May 18th. Canaccord Genuity cut their price target on Apartment Investment and Management from $48.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, May 2nd. Finally, Mizuho downgraded Apartment Investment and Management from a “buy” rating to a “neutral” rating and cut their price target for the company from $50.00 to $45.00 in a report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $45.57.

Analyst Recommendations for Apartment Investment and Management (NYSE:AIV)

Shares of Apartment Investment and Management (NYSE:AIV) traded up 0.86% during trading on Thursday, reaching $43.64. 178,115 shares of the company were exchanged. The stock has a market capitalization of $6.85 billion, a price-to-earnings ratio of 16.86 and a beta of 0.36. The company has a 50 day moving average price of $43.77 and a 200-day moving average price of $43.91. Apartment Investment and Management has a one year low of $39.14 and a one year high of $47.91.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. The company had revenue of $246.50 million during the quarter, compared to the consensus estimate of $242.87 million. Apartment Investment and Management had a return on equity of 24.85% and a net margin of 42.78%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 EPS. Equities analysts predict that Apartment Investment and Management will post $0.44 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Friday, May 19th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 3.33%. The ex-dividend date is Wednesday, May 17th. Apartment Investment and Management’s payout ratio is 49.62%.

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In related news, insider John E. Bezzant sold 7,085 shares of the firm’s stock in a transaction on Thursday, March 30th. The stock was sold at an average price of $44.25, for a total value of $313,511.25. Following the transaction, the insider now owns 45,717 shares in the company, valued at $2,022,977.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kathleen M. Nelson sold 1,220 shares of the firm’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $43.59, for a total value of $53,179.80. Following the completion of the transaction, the director now owns 40,630 shares in the company, valued at approximately $1,771,061.70. The disclosure for this sale can be found here. Insiders have sold a total of 18,305 shares of company stock worth $833,891 in the last quarter. Company insiders own 1.71% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Comerica Bank boosted its position in shares of Apartment Investment and Management by 31.0% in the fourth quarter. Comerica Bank now owns 56,607 shares of the real estate investment trust’s stock worth $2,501,000 after buying an additional 13,395 shares during the last quarter. Israel Discount Bank of New York GFN bought a new position in shares of Apartment Investment and Management during the fourth quarter worth approximately $112,000. Chevy Chase Trust Holdings Inc. boosted its position in shares of Apartment Investment and Management by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 136,108 shares of the real estate investment trust’s stock worth $6,036,000 after buying an additional 4,251 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Apartment Investment and Management during the fourth quarter worth approximately $37,434,000. Finally, Calamos Advisors LLC bought a new position in shares of Apartment Investment and Management during the fourth quarter worth approximately $3,394,000.

About Apartment Investment and Management

Apartment Investment and Management Company (Aimco) is a self-administered and self-managed real estate investment trust (REIT). Aimco, through its subsidiaries, AIMCO-GP, Inc and AIMCO-LP Trust, holds the ownership interests in the Aimco Operating Partnership. It operates through two segments: conventional real estate and affordable real estate.

12 Month Chart for NYSE:AIV

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