Apartment Inv & Mgmt (AIV) Downgraded to “Sell” at ValuEngine

Apartment Inv & Mgmt (NYSE:AIV) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

A number of other brokerages have also recently commented on AIV. Zelman & Associates cut shares of Apartment Inv & Mgmt from a “hold” rating to a “sell” rating in a report on Thursday, May 10th. Barclays reaffirmed a “buy” rating and set a $47.00 target price on shares of Apartment Inv & Mgmt in a report on Tuesday, April 17th. Zacks Investment Research raised shares of Apartment Inv & Mgmt from a “sell” rating to a “hold” rating in a report on Wednesday, April 11th. SunTrust Banks set a $44.00 target price on shares of Apartment Inv & Mgmt and gave the company a “buy” rating in a report on Friday, March 2nd. Finally, BMO Capital Markets raised shares of Apartment Inv & Mgmt from an “underperform” rating to a “market perform” rating and set a $42.00 target price for the company in a report on Friday, March 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. Apartment Inv & Mgmt has a consensus rating of “Hold” and an average target price of $46.45.

Shares of Apartment Inv & Mgmt traded down $0.65, hitting $38.66, during mid-day trading on Thursday, according to Marketbeat. 838,900 shares of the company traded hands, compared to its average volume of 1,126,306. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 2.77. Apartment Inv & Mgmt has a 1 year low of $39.38 and a 1 year high of $39.80. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 2.68 and a beta of 0.41.

Apartment Inv & Mgmt (NYSE:AIV) last released its quarterly earnings data on Monday, May 7th. The real estate investment trust reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.08). Apartment Inv & Mgmt had a net margin of 38.11% and a return on equity of 26.79%. The company had revenue of $247.72 million for the quarter, compared to analysts’ expectations of $240.46 million. During the same period in the previous year, the firm earned $0.58 earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis. analysts expect that Apartment Inv & Mgmt will post 2.46 earnings per share for the current year.

In other news, Director Kathleen M. Nelson sold 1,318 shares of the stock in a transaction on Friday, May 11th. The shares were sold at an average price of $41.12, for a total value of $54,196.16. Following the completion of the sale, the director now directly owns 43,782 shares of the company’s stock, valued at $1,800,315.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Apartment Inv & Mgmt in the first quarter worth $204,000. Zeke Capital Advisors LLC purchased a new stake in shares of Apartment Inv & Mgmt in the fourth quarter worth $210,000. Allianz Asset Management GmbH purchased a new stake in shares of Apartment Inv & Mgmt in the fourth quarter worth $266,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Apartment Inv & Mgmt in the first quarter worth $274,000. Finally, MANA Advisors LLC bought a new position in shares of Apartment Inv & Mgmt during the fourth quarter worth $288,000.

Apartment Inv & Mgmt Company Profile

Aimco is a real estate investment trust focused on the ownership and management of quality apartment communities located in select markets in the United States. Aimco is one of the country's largest owners and operators of apartments, with ownership interests in 182 communities in 22 states and the District of Columbia.

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Analyst Recommendations for Apartment Inv & Mgmt (NYSE:AIV)

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