Shares of Apartment Investment and Management Company (NYSE:AIV) have received a consensus rating of “Hold” from the eleven brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $47.63.

Several analysts recently commented on AIV shares. BidaskClub upgraded shares of Apartment Investment and Management from a “hold” rating to a “buy” rating in a report on Friday, August 11th. TheStreet cut shares of Apartment Investment and Management from a “b-” rating to a “c+” rating in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. Robert W. Baird restated a “hold” rating and set a $46.00 price target on shares of Apartment Investment and Management in a report on Tuesday, October 17th. Finally, UBS cut shares of Apartment Investment and Management from a “buy” rating to a “neutral” rating and set a $48.00 price target for the company. in a report on Friday, September 8th.

Apartment Investment and Management (NYSE AIV) opened at $43.60 on Thursday. Apartment Investment and Management has a fifty-two week low of $41.65 and a fifty-two week high of $46.85. The company has a market cap of $6,813.24, a PE ratio of 17.93, a price-to-earnings-growth ratio of 2.61 and a beta of 0.46. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 3.35.

Apartment Investment and Management (NYSE:AIV) last announced its earnings results on Thursday, October 26th. The real estate investment trust reported $0.11 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.51). Apartment Investment and Management had a return on equity of 13.81% and a net margin of 21.36%. The firm had revenue of $254.64 million during the quarter, compared to analyst estimates of $249.17 million. During the same quarter in the previous year, the business earned $0.54 earnings per share. sell-side analysts predict that Apartment Investment and Management will post 2.45 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Friday, November 17th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Thursday, November 16th. Apartment Investment and Management’s payout ratio is presently 109.92%.

In related news, insider John E. Bezzant sold 7,564 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $44.77, for a total transaction of $338,640.28. Following the transaction, the insider now owns 48,422 shares of the company’s stock, valued at $2,167,852.94. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Terry Considine sold 111,577 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $44.01, for a total transaction of $4,910,503.77. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Schroder Investment Management Group bought a new position in Apartment Investment and Management during the second quarter valued at approximately $124,000. Vident Investment Advisory LLC bought a new position in Apartment Investment and Management during the third quarter valued at approximately $202,000. Raymond James Trust N.A. bought a new position in Apartment Investment and Management during the second quarter valued at approximately $217,000. Shelton Capital Management bought a new position in Apartment Investment and Management during the second quarter valued at approximately $246,000. Finally, CAPROCK Group Inc. bought a new position in Apartment Investment and Management during the third quarter valued at approximately $251,000. 98.30% of the stock is currently owned by hedge funds and other institutional investors.

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Apartment Investment and Management Company Profile

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.

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

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