Apartment Investment and Management Company (NYSE:AIV) was downgraded by investment analysts at UBS AG from a “buy” rating to a “neutral” rating in a report issued on Friday, The Fly reports.

Other research analysts have also issued research reports about the company. Zacks Investment Research raised Apartment Investment and Management from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Monday, July 24th. BidaskClub raised Apartment Investment and Management from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Canaccord Genuity set a $50.00 target price on Apartment Investment and Management and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Bank of America Corporation lowered Apartment Investment and Management from a “buy” rating to a “neutral” rating and set a $47.00 target price for the company. in a research report on Friday, June 16th. Finally, JMP Securities raised Apartment Investment and Management from a “market perform” rating to an “outperform” rating and set a $52.00 target price for the company in a research report on Monday, July 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $46.88.

Shares of Apartment Investment and Management (NYSE AIV) traded up 1.75% during midday trading on Friday, reaching $46.64. The company’s stock had a trading volume of 474,576 shares. The stock has a 50-day moving average price of $45.27 and a 200-day moving average price of $44.31. Apartment Investment and Management has a 52-week low of $39.66 and a 52-week high of $47.91. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 36.72 and a beta of 0.45.

Apartment Investment and Management (NYSE:AIV) last announced its earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. Apartment Investment and Management had a return on equity of 12.46% and a net margin of 20.64%. The firm had revenue of $246.24 million during the quarter, compared to analyst estimates of $240.78 million. During the same quarter in the prior year, the company earned $0.59 EPS. The business’s revenue was up 1.4% compared to the same quarter last year. Equities research analysts anticipate that Apartment Investment and Management will post $0.47 earnings per share for the current fiscal year.

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In related news, EVP Keith M. Kimmel sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $46.00, for a total transaction of $460,000.00. Following the completion of the transaction, the executive vice president now owns 28,481 shares of the company’s stock, valued at approximately $1,310,126. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Paloma Partners Management Co boosted its stake in Apartment Investment and Management by 37.9% during the 1st quarter. Paloma Partners Management Co now owns 52,552 shares of the real estate investment trust’s stock valued at $2,331,000 after purchasing an additional 14,452 shares during the last quarter. Bank of Nova Scotia purchased a new stake in Apartment Investment and Management during the 1st quarter valued at $1,434,000. Transamerica Financial Advisors Inc. boosted its stake in Apartment Investment and Management by 1.0% during the 1st quarter. Transamerica Financial Advisors Inc. now owns 14,744 shares of the real estate investment trust’s stock valued at $654,000 after purchasing an additional 152 shares during the last quarter. Janus Capital Management LLC boosted its stake in Apartment Investment and Management by 4.7% during the 1st quarter. Janus Capital Management LLC now owns 498,357 shares of the real estate investment trust’s stock valued at $22,102,000 after purchasing an additional 22,348 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK boosted its stake in Apartment Investment and Management by 9.7% during the 1st quarter. Aberdeen Asset Management PLC UK now owns 30,161 shares of the real estate investment trust’s stock valued at $1,338,000 after purchasing an additional 2,679 shares during the last quarter. 98.42% of the stock is owned by institutional investors.

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.

The Fly

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

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