Apartment Investment and Management Company (AIV) Downgraded by TheStreet to “C+”

Apartment Investment and Management Company (NYSE:AIV) was downgraded by research analysts at TheStreet from a “b-” rating to a “c+” rating in a note issued to investors on Friday, November 3rd.

Several other equities analysts have also issued reports on the company. BidaskClub upgraded Apartment Investment and Management from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Robert W. Baird restated a “hold” rating and set a $46.00 price objective on shares of Apartment Investment and Management in a research report on Tuesday, October 17th. Mizuho lowered Apartment Investment and Management from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $45.00 to $42.00 in a research report on Monday, July 10th. Canaccord Genuity set a $50.00 price objective on Apartment Investment and Management and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Finally, Barclays PLC cut their target price on Apartment Investment and Management from $48.00 to $47.00 and set an “overweight” rating on the stock in a report on Tuesday, July 18th. One equities research 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’s stock. The company has a consensus rating of “Hold” and a consensus price target of $47.67.

Shares of Apartment Investment and Management (NYSE AIV) opened at $44.64 on Friday. Apartment Investment and Management has a 52-week low of $40.02 and a 52-week high of $46.85. The stock has a market capitalization of $7,053.49, a P/E ratio of 18.56, a PEG ratio of 2.70 and a beta of 0.47. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.59 and a quick ratio of 0.59.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.11 EPS for the quarter, missing the Zacks’ 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 company had revenue of $254.64 million for the quarter, compared to the consensus estimate of $249.17 million. During the same quarter last year, the business earned $0.54 EPS. sell-side analysts anticipate that Apartment Investment and Management will post 2.44 EPS for the current year.

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In related news, CEO Terry Considine sold 111,577 shares of the company’s stock in a transaction that occurred 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 is available at this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Several large investors have recently bought and sold shares of the business. ING Groep NV lifted its position in shares of Apartment Investment and Management by 0.4% during the second quarter. ING Groep NV now owns 8,048 shares of the real estate investment trust’s stock worth $346,000 after acquiring an additional 29 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Apartment Investment and Management by 0.5% during the second quarter. CIBC Asset Management Inc now owns 13,451 shares of the real estate investment trust’s stock worth $578,000 after acquiring an additional 69 shares in the last quarter. Utah Retirement Systems lifted its position in shares of Apartment Investment and Management by 0.3% during the second quarter. Utah Retirement Systems now owns 35,735 shares of the real estate investment trust’s stock worth $1,535,000 after acquiring an additional 96 shares in the last quarter. Sentry Investment Management LLC lifted its position in shares of Apartment Investment and Management by 1.1% during the second quarter. Sentry Investment Management LLC now owns 12,340 shares of the real estate investment trust’s stock worth $530,000 after acquiring an additional 130 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its position in shares of Apartment Investment and Management by 0.3% during the second quarter. Retirement Systems of Alabama now owns 76,133 shares of the real estate investment trust’s stock worth $3,271,000 after acquiring an additional 233 shares in the last quarter. Hedge funds and other institutional investors own 97.03% of the company’s stock.

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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