Apartment Investment and Management (NYSE:AIV) Upgraded by ValuEngine to Hold

Apartment Investment and Management (NYSE:AIV) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, May 31st.

Several other equities analysts have also recently weighed in on AIV. Zacks Investment Research raised shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Zelman & Associates raised shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. Mizuho set a $39.00 price objective on shares of Apartment Investment and Management and gave the stock a “hold” rating in a research note on Friday, February 9th. BMO Capital Markets set a $42.00 price objective on shares of Apartment Investment and Management and gave the stock a “sell” rating in a research note on Monday, February 12th. Finally, SunTrust Banks set a $44.00 target price on shares of Apartment Investment and Management and gave the stock a “buy” rating in a report on Friday, March 2nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $46.00.

Apartment Investment and Management traded up $0.62, hitting $41.39, during trading on Thursday, according to Marketbeat. The company’s stock had a trading volume of 1,022,000 shares, compared to its average volume of 1,087,326. The company has a market capitalization of $6.52 billion, a PE ratio of 16.89, a PEG ratio of 2.82 and a beta of 0.42. Apartment Investment and Management has a one year low of $37.97 and a one year high of $46.72. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 2.77.



Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings data on Monday, May 7th. The real estate investment trust reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.08). The firm had revenue of $247.72 million for the quarter, compared to the consensus estimate of $240.46 million. Apartment Investment and Management had a net margin of 38.11% and a return on equity of 26.79%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 earnings per share. equities analysts forecast that Apartment Investment and Management will post 2.44 earnings per share for the current fiscal year.

In other news, Director Kathleen M. Nelson sold 1,318 shares of the business’s stock in a transaction dated 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 owns 43,782 shares in the company, valued at approximately $1,800,315.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.20% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Allianz Asset Management GmbH raised its holdings in shares of Apartment Investment and Management by 9,850.5% in the 1st quarter. Allianz Asset Management GmbH now owns 605,291 shares of the real estate investment trust’s stock valued at $24,665,000 after purchasing an additional 599,208 shares in the last quarter. Xact Kapitalforvaltning AB grew its position in shares of Apartment Investment and Management by 13.7% in the 1st quarter. Xact Kapitalforvaltning AB now owns 15,811 shares of the real estate investment trust’s stock worth $644,000 after buying an additional 1,900 shares during the last quarter. Legal & General Group Plc grew its position in shares of Apartment Investment and Management by 12.8% in the 1st quarter. Legal & General Group Plc now owns 623,978 shares of the real estate investment trust’s stock worth $25,427,000 after buying an additional 70,596 shares during the last quarter. Millennium Management LLC grew its position in shares of Apartment Investment and Management by 24.6% in the 1st quarter. Millennium Management LLC now owns 1,190,325 shares of the real estate investment trust’s stock worth $48,506,000 after buying an additional 234,882 shares during the last quarter. Finally, V3 Capital Management L.P. purchased a new position in shares of Apartment Investment and Management in the 1st quarter worth approximately $16,919,000.

Apartment Investment and Management 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 Investment and Management (NYSE:AIV)

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