Raymond James Financial downgraded shares of Apartment Investment and Management (NYSE:AIV) from a strong-buy rating to an outperform rating in a research report report published on Tuesday. The brokerage currently has $50.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $52.00.

Other analysts have also issued research reports about the stock. TheStreet lowered shares of Apartment Investment and Management from a b- rating to a c+ rating in a report on Friday, November 3rd. Zacks Investment Research raised shares of Apartment Investment and Management from a sell rating to a hold rating in a report on Monday, October 23rd. Robert W. Baird reaffirmed a hold rating and set a $46.00 target price on shares of Apartment Investment and Management in a report on Tuesday, October 17th. UBS lowered shares of Apartment Investment and Management from a buy rating to a neutral rating and set a $48.00 target price on the stock. in a report on Friday, September 8th. Finally, Mizuho raised shares of Apartment Investment and Management from an underperform rating to a neutral rating and set a $47.00 price target on the stock in a report on Monday, November 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Apartment Investment and Management presently has an average rating of Hold and a consensus target price of $48.10.

Shares of Apartment Investment and Management (AIV) opened at $43.88 on Tuesday. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market cap of $6,949.85, a P/E ratio of 18.29, a P/E/G ratio of 2.66 and a beta of 0.46. Apartment Investment and Management has a twelve month low of $41.87 and a twelve month high of $46.85.

Apartment Investment and Management (NYSE:AIV) last posted its earnings results on Thursday, October 26th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.51). The firm had revenue of $254.64 million for the quarter, compared to the consensus estimate of $249.17 million. Apartment Investment and Management had a return on equity of 13.81% and a net margin of 21.36%. During the same period last year, the company posted $0.54 EPS. analysts forecast that Apartment Investment and Management will post 2.45 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Friday, November 17th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date was Thursday, November 16th. Apartment Investment and Management’s payout ratio is 109.92%.

In related news, insider John E. Bezzant sold 7,564 shares of the stock in a transaction on Friday, November 24th. The shares were sold at an average price of $44.77, for a total transaction of $338,640.28. Following the transaction, the insider now owns 48,422 shares of the company’s stock, valued at approximately $2,167,852.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Terry Considine sold 111,577 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $44.01, for a total transaction of $4,910,503.77. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Schroder Investment Management Group bought a new position in shares of Apartment Investment and Management during the 2nd quarter valued at $124,000. Vident Investment Advisory LLC bought a new position in shares of Apartment Investment and Management during the 3rd quarter valued at $202,000. Raymond James Trust N.A. bought a new position in shares of Apartment Investment and Management during the 2nd quarter valued at $217,000. Shelton Capital Management bought a new position in shares of Apartment Investment and Management during the 2nd quarter valued at $246,000. Finally, CAPROCK Group Inc. bought a new position in shares of Apartment Investment and Management during the 3rd quarter valued at $251,000. 98.30% of the stock is currently owned by institutional investors.

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About Apartment Investment and Management

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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