Shares of Apartment Investment and Management Co (NYSE:AIV) reached a new 52-week high on Friday . The company traded as high as $51.33 and last traded at $51.19, with a volume of 3160 shares traded. The stock had previously closed at $50.99.

A number of analysts have weighed in on AIV shares. Wells Fargo & Co reaffirmed a “buy” rating on shares of Apartment Investment and Management in a research report on Monday, March 4th. Barclays cut Apartment Investment and Management from an “overweight” rating to an “equal weight” rating and set a $49.00 price objective for the company. in a research report on Monday, February 4th. BMO Capital Markets reaffirmed a “hold” rating and set a $54.00 price objective on shares of Apartment Investment and Management in a research report on Monday, March 25th. SunTrust Banks downgraded Apartment Investment and Management from a “buy” rating to a “hold” rating and set a $48.00 target price for the company. in a research note on Monday, February 25th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Apartment Investment and Management from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Apartment Investment and Management currently has a consensus rating of “Hold” and an average target price of $49.25.

The company has a market capitalization of $7.61 billion, a PE ratio of 20.03, a P/E/G ratio of 3.83 and a beta of 0.65. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.14.

Apartment Investment and Management (NYSE:AIV) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.61. The business had revenue of $230.24 million during the quarter, compared to the consensus estimate of $226.53 million. Apartment Investment and Management had a return on equity of 48.32% and a net margin of 89.47%. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 EPS. Analysts anticipate that Apartment Investment and Management Co will post 2.49 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Thursday, May 16th. Apartment Investment and Management’s dividend payout ratio (DPR) is 61.18%.

In other news, insider Patti K. Fielding sold 20,272 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was 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 directly owns 35,187 shares of the company’s stock, valued at approximately $1,746,682.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.83% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Securian Asset Management Inc increased its stake in Apartment Investment and Management by 1.3% in the 4th quarter. Securian Asset Management Inc now owns 16,050 shares of the real estate investment trust’s stock valued at $704,000 after purchasing an additional 210 shares in the last quarter. Private Capital Group LLC increased its stake in Apartment Investment and Management by 24.5% in the 4th quarter. Private Capital Group LLC now owns 1,101 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 217 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Apartment Investment and Management by 3.1% in the 1st quarter. Louisiana State Employees Retirement System now owns 8,452 shares of the real estate investment trust’s stock valued at $425,000 after purchasing an additional 252 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in Apartment Investment and Management by 3.3% in the 4th quarter. Oppenheimer & Co. Inc. now owns 9,265 shares of the real estate investment trust’s stock valued at $407,000 after purchasing an additional 299 shares in the last quarter. Finally, Utah Retirement Systems increased its stake in Apartment Investment and Management by 0.8% in the 1st quarter. Utah Retirement Systems now owns 39,453 shares of the real estate investment trust’s stock valued at $1,984,000 after purchasing an additional 318 shares in the last quarter. 97.83% of the stock is owned by institutional investors and hedge funds.

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Apartment Investment and Management Company Profile (NYSE:AIV)

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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