Mizuho Analysts Give Apartment Investment and Management (AIV) a $39.00 Price Target

Apartment Investment and Management (NYSE:AIV) has been assigned a $39.00 price objective by Mizuho in a report issued on Friday. The firm currently has a “hold” rating on the real estate investment trust’s stock. Mizuho’s target price points to a potential downside of 0.86% from the company’s current price.

AIV has been the subject of a number of other reports. Zacks Investment Research cut Apartment Investment and Management from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. TheStreet cut Apartment Investment and Management from a “b-” rating to a “c+” rating in a research report on Friday, November 3rd. SunTrust Banks raised Apartment Investment and Management from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Monday, January 22nd. Robert W. Baird reaffirmed a “hold” rating and set a $42.00 price objective on shares of Apartment Investment and Management in a research report on Tuesday, January 9th. Finally, Raymond James Financial cut Apartment Investment and Management from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the stock from $52.00 to $50.00 in a research report on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $46.82.

Apartment Investment and Management (NYSE AIV) traded up $1.13 during trading hours on Friday, reaching $39.34. The company had a trading volume of 1,402,400 shares, compared to its average volume of 1,114,214. The stock has a market cap of $6,135.46, a P/E ratio of 19.93, a PEG ratio of 2.28 and a beta of 0.41. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 2.67. Apartment Investment and Management has a 12-month low of $38.19 and a 12-month high of $46.85.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings data on Thursday, February 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.63. Apartment Investment and Management had a return on equity of 21.25% and a net margin of 31.19%. The company had revenue of $250.23 million during the quarter, compared to analysts’ expectations of $243.24 million. During the same period last year, the firm earned $0.60 EPS. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. equities research analysts predict that Apartment Investment and Management will post 2.53 EPS for the current fiscal year.

In other news, insider John E. Bezzant sold 7,564 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $44.77, for a total value of $338,640.28. Following the completion of the sale, the insider now directly owns 48,422 shares of the company’s stock, valued at approximately $2,167,852.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Miles Cortez sold 2,587 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $41.90, for a total value of $108,395.30. Following the completion of the sale, the executive vice president now directly owns 102,456 shares of the company’s stock, valued at $4,292,906.40. The disclosure for this sale can be found here. Insiders sold a total of 13,840 shares of company stock valued at $601,718 over the last three months. Insiders own 1.20% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Vident Investment Advisory LLC acquired a new stake in shares of Apartment Investment and Management in the 3rd quarter valued at approximately $202,000. Shelton Capital Management acquired a new stake in shares of Apartment Investment and Management in the 2nd quarter valued at approximately $246,000. CAPROCK Group Inc. acquired a new stake in shares of Apartment Investment and Management in the 3rd quarter valued at approximately $251,000. Koch Industries Inc. lifted its holdings in shares of Apartment Investment and Management by 4,905.3% in the 2nd quarter. Koch Industries Inc. now owns 264,831 shares of the real estate investment trust’s stock valued at $259,000 after buying an additional 259,540 shares during the period. Finally, Lourd Capital LLC acquired a new position in Apartment Investment and Management during the fourth quarter worth $375,000. 99.84% of the stock is owned by institutional investors and hedge funds.

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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.

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

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