Apartment Investment and Management (AIV) Given a $42.00 Price Target by BMO Capital Markets Analysts

Apartment Investment and Management (NYSE:AIV) has been given a $42.00 price target by stock analysts at BMO Capital Markets in a note issued to investors on Monday. The firm currently has a “sell” rating on the real estate investment trust’s stock. BMO Capital Markets’ target price would suggest a potential upside of 6.95% from the stock’s current price.

A number of other brokerages have also commented on AIV. Barclays decreased their price objective on Apartment Investment and Management from $48.00 to $47.00 and set an “overweight” rating on the stock in a report on Tuesday, January 30th. Zacks Investment Research lowered Apartment Investment and Management from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Mizuho raised Apartment Investment and Management from an “underperform” rating to a “neutral” rating and set a $47.00 price objective on the stock in a report on Monday, November 6th. Raymond James Financial lowered Apartment Investment and Management from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the company from $52.00 to $50.00 in a report on Tuesday, December 12th. Finally, Zelman & Associates raised Apartment Investment and Management from a “sell” rating to a “hold” rating in a report on Friday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Apartment Investment and Management currently has a consensus rating of “Hold” and a consensus price target of $46.64.

Shares of Apartment Investment and Management (NYSE AIV) traded down $0.07 during midday trading on Monday, reaching $39.27. The company’s stock had a trading volume of 1,428,773 shares, compared to its average volume of 1,140,509. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 2.67. Apartment Investment and Management has a 52-week low of $38.19 and a 52-week high of $46.85. The firm has a market cap of $6,155.81, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 2.29 and a beta of 0.41.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings data on Thursday, February 1st. The real estate investment trust reported $0.63 EPS for the quarter, meeting 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 firm had revenue of $250.23 million for the quarter, compared to analyst estimates of $243.24 million. During the same period in the prior year, the firm posted $0.60 EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. research analysts expect that Apartment Investment and Management will post 2.53 EPS for the current year.

In other news, EVP Lisa R. Cohn sold 831 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $42.38, for a total transaction of $35,217.78. Following the completion of the sale, the executive vice president now directly owns 53,071 shares in the company, valued at approximately $2,249,148.98. The transaction was disclosed in a filing with the SEC, which is accessible 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 sale, the insider now owns 48,422 shares of the company’s stock, valued at $2,167,852.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,840 shares of company stock valued at $601,718. Corporate insiders own 1.20% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Capital Analysts LLC lifted its position in shares of Apartment Investment and Management by 754.9% during the 4th quarter. Capital Analysts LLC now owns 12,302 shares of the real estate investment trust’s stock worth $896,000 after buying an additional 10,863 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its position in shares of Apartment Investment and Management by 1.4% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 149,493 shares of the real estate investment trust’s stock worth $6,534,000 after buying an additional 2,104 shares during the last quarter. American International Group Inc. lifted its position in shares of Apartment Investment and Management by 13.2% during the 4th quarter. American International Group Inc. now owns 52,988 shares of the real estate investment trust’s stock worth $2,316,000 after buying an additional 6,172 shares during the last quarter. Employees Retirement System of Texas lifted its position in shares of Apartment Investment and Management by 10.3% during the 4th quarter. Employees Retirement System of Texas now owns 170,700 shares of the real estate investment trust’s stock worth $7,461,000 after buying an additional 16,000 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its position in shares of Apartment Investment and Management by 14.1% during the 4th quarter. UBS Asset Management Americas Inc. now owns 400,793 shares of the real estate investment trust’s stock worth $17,519,000 after buying an additional 49,593 shares during the last quarter. Hedge funds and other institutional investors own 99.74% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Apartment Investment and Management (AIV) Given a $42.00 Price Target by BMO Capital Markets Analysts” was first reported by American Banking News and is owned by of American Banking News. If you are reading this story on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this story can be read at https://www.americanbankingnews.com/2018/02/12/apartment-investment-and-managements-aiv-sell-rating-reiterated-at-bmo-capital-markets.html.

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)

Receive News & Ratings for Apartment Investment and Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apartment Investment and Management and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply