Apartment Investment and Management (NYSE:AIV) was downgraded by equities researchers at Raymond James Financial from a “strong-buy” rating to an “outperform” rating in a research report issued on Tuesday, MarketBeat reports. They presently have a $50.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $52.00. Raymond James Financial’s price target points to a potential upside of 12.97% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Robert W. Baird reaffirmed a “hold” rating and set a $46.00 price target on shares of Apartment Investment and Management in a research report on Tuesday, October 17th. Zacks Investment Research downgraded Apartment Investment and Management from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. BMO Capital Markets reaffirmed a “sell” rating and set a $44.00 price target on shares of Apartment Investment and Management in a research report on Monday, November 27th. TheStreet downgraded Apartment Investment and Management from a “b-” rating to a “c+” rating in a research report on Friday, November 3rd. Finally, UBS downgraded Apartment Investment and Management from a “buy” rating to a “neutral” rating and set a $48.00 price target on the stock. in a research report on Friday, September 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $48.10.

Apartment Investment and Management (NYSE AIV) traded up $0.13 during trading on Tuesday, reaching $44.26. The company’s stock had a trading volume of 979,100 shares, compared to its average volume of 1,062,421. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market capitalization of $6,870.00, a price-to-earnings ratio of 18.24, a P/E/G ratio of 2.65 and a beta of 0.46. Apartment Investment and Management has a one year low of $41.87 and a one year high of $46.85.

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

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schroder Investment Management Group acquired a new stake in Apartment Investment and Management during the 2nd quarter worth about $124,000. Vident Investment Advisory LLC acquired a new stake in Apartment Investment and Management during the 3rd quarter worth about $202,000. Raymond James Trust N.A. acquired a new stake in Apartment Investment and Management during the 2nd quarter worth about $217,000. Shelton Capital Management acquired a new stake in Apartment Investment and Management during the 2nd quarter worth about $246,000. Finally, CAPROCK Group Inc. acquired a new stake in Apartment Investment and Management during the 3rd quarter worth about $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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