Apartment Investment and Management Co. (NYSE:AIV)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $44.03, but opened at $44.17. Apartment Investment and Management shares last traded at $44.59, with a volume of 506,305 shares traded.

AIV has been the subject of several recent analyst reports. SunTrust Banks Inc. lowered Apartment Investment and Management from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $42.00 to $44.00 in a research report on Thursday, June 2nd. They noted that the move was a valuation call. Canaccord Genuity reaffirmed a “hold” rating on shares of Apartment Investment and Management in a research report on Wednesday, June 29th. Citigroup Inc. lowered Apartment Investment and Management from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $43.00 to $48.00 in a research report on Monday, July 18th. Barclays PLC lifted their price target on Apartment Investment and Management from $47.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 19th. Finally, Mizuho lowered Apartment Investment and Management from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $47.00 to $48.00 in a research report on Monday, August 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $45.44.

The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 21.05 and a beta of 0.69. The stock’s 50 day moving average price is $44.82 and its 200-day moving average price is $42.72.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Apartment Investment and Management had a return on equity of 20.95% and a net margin of 34.56%. The business had revenue of $242.87 million for the quarter, compared to the consensus estimate of $240.17 million. During the same quarter in the prior year, the company earned $0.56 EPS. The business’s revenue was up 1.8% compared to the same quarter last year. Analysts anticipate that Apartment Investment and Management Co. will post $2.31 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Friday, August 19th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend was Wednesday, August 17th. Apartment Investment and Management’s payout ratio is currently 62.56%.

In related news, insider Miles Cortez sold 7,000 shares of the firm’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $45.25, for a total transaction of $316,750.00. Following the sale, the insider now owns 116,505 shares of the company’s stock, valued at $5,271,851.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Paul Beldin sold 4,218 shares of the firm’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $45.67, for a total value of $192,636.06. Following the sale, the chief financial officer now directly owns 34,771 shares in the company, valued at approximately $1,587,991.57. The disclosure for this sale can be found here. Corporate insiders own 1.71% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Prudential Financial Inc. increased its stake in shares of Apartment Investment and Management by 7.3% in the first quarter. Prudential Financial Inc. now owns 1,671,472 shares of the real estate investment trust’s stock worth $69,901,000 after buying an additional 113,952 shares during the last quarter. Ngam Advisors L.P. increased its stake in shares of Apartment Investment and Management by 12.0% in the first quarter. Ngam Advisors L.P. now owns 17,489 shares of the real estate investment trust’s stock worth $731,000 after buying an additional 1,868 shares during the last quarter. Dynamic Advisors Solutions LLC bought a new stake in shares of Apartment Investment and Management during the first quarter worth $201,000. Virginia Retirement System bought a new stake in shares of Apartment Investment and Management during the first quarter worth $6,716,000. Finally, Nisa Investment Advisors L.L.C. increased its stake in shares of Apartment Investment and Management by 5.6% in the first quarter. Nisa Investment Advisors L.L.C. now owns 122,034 shares of the real estate investment trust’s stock worth $5,103,000 after buying an additional 6,500 shares during the last quarter.

Apartment Investment and Management Company Profile

Apartment Investment and Management Company (Aimco) is a self-administered and self-managed real estate investment trust. The Company, through its subsidiaries, AIMCO-GP, Inc and AIMCO-LP Trust, holds the ownership interests in the Aimco Operating Partnership. Its segments include conventional real estate and affordable real estate.

5 Day Chart for NYSE:AIV

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