Apartment Investment and Management Co (NYSE:AIV) has earned an average rating of “Hold” from the twelve analysts that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $48.17.
Several brokerages have recently commented on AIV. Zacks Investment Research downgraded shares of Apartment Investment and Management from a “buy” rating to a “hold” rating in a report on Tuesday, December 11th. Barclays downgraded shares of Apartment Investment and Management from an “overweight” rating to an “equal weight” rating and set a $49.00 target price for the company. in a report on Monday, February 4th. BMO Capital Markets reiterated a “hold” rating and issued a $47.00 target price on shares of Apartment Investment and Management in a report on Monday, February 4th. SunTrust Banks downgraded shares of Apartment Investment and Management from a “buy” rating to a “hold” rating and set a $48.00 target price for the company. in a report on Monday, February 25th. They noted that the move was a valuation call. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Apartment Investment and Management in a report on Monday, March 4th.
In other Apartment Investment and Management news, insider Patti K. Fielding sold 20,272 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $49.64, for a total transaction of $1,006,302.08. Following the completion of the transaction, the insider now owns 35,187 shares in the company, valued at $1,746,682.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Terry Considine sold 100,000 shares of the stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $49.28, for a total transaction of $4,928,000.00. Following the transaction, the chief executive officer now owns 378,365 shares of the company’s stock, valued at approximately $18,645,827.20. The disclosure for this sale can be found here. Insiders have sold 167,177 shares of company stock valued at $8,248,379 in the last 90 days. 2.83% of the stock is currently owned by corporate insiders.
AIV traded down $0.37 during trading on Wednesday, hitting $49.92. 50,203 shares of the company’s stock were exchanged, compared to its average volume of 1,272,071. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 2.49. Apartment Investment and Management has a fifty-two week low of $38.54 and a fifty-two week high of $50.89. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 3.78 and a beta of 0.68.
Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings data on Monday, February 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.61). Apartment Investment and Management had a return on equity of 39.20% and a net margin of 68.29%. The business had revenue of $232.00 million for the quarter, compared to analyst estimates of $234.44 million. During the same quarter in the previous year, the company posted $1.67 EPS. The business’s quarterly revenue was down 9.1% on a year-over-year basis. As a group, equities analysts forecast that Apartment Investment and Management will post 2.51 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 22nd were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Thursday, February 21st. This is an increase from Apartment Investment and Management’s previous quarterly dividend of $0.38. Apartment Investment and Management’s dividend payout ratio (DPR) is 61.18%.
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 132 communities in 17 states and the District of Columbia.
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