Mizuho lowered shares of Apartment Investment and Management (NYSE:AIV) from a buy rating to a neutral rating in a research note published on Tuesday morning, BenzingaRatingsTable reports. Mizuho currently has $37.00 target price on the real estate investment trust’s stock.

Several other analysts have also commented on AIV. SunTrust Banks lowered their price objective on shares of Apartment Investment and Management from $50.00 to $43.00 and set a hold rating for the company in a report on Thursday, April 2nd. TheStreet lowered shares of Apartment Investment and Management from a b- rating to a c+ rating in a report on Tuesday, March 17th. Citigroup lowered their price objective on shares of Apartment Investment and Management from $55.00 to $35.00 and set a neutral rating for the company in a report on Tuesday, April 7th. Bank of America lowered shares of Apartment Investment and Management from a neutral rating to an underperform rating in a report on Monday, May 18th. Finally, BMO Capital Markets lowered shares of Apartment Investment and Management from an outperform rating to a market perform rating and set a $54.00 target price for the company. in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $47.33.

Shares of NYSE:AIV opened at $35.90 on Tuesday. The stock’s 50-day moving average price is $36.23 and its 200-day moving average price is $46.71. Apartment Investment and Management has a 12-month low of $24.53 and a 12-month high of $55.68. The stock has a market capitalization of $5.33 billion, a P/E ratio of 26.59, a price-to-earnings-growth ratio of 4.59 and a beta of 0.87. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.67.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.62). Apartment Investment and Management had a return on equity of 11.34% and a net margin of 22.75%. The company had revenue of $224.50 million during the quarter, compared to analysts’ expectations of $228.15 million. During the same quarter last year, the business earned $0.61 earnings per share. The business’s quarterly revenue was down 2.5% on a year-over-year basis. As a group, research analysts predict that Apartment Investment and Management will post 2.59 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.41 per share. The ex-dividend date is Thursday, May 14th. This represents a $1.64 annualized dividend and a dividend yield of 4.57%. Apartment Investment and Management’s payout ratio is 65.60%.

In related news, EVP John E. Bezzant sold 25,429 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $50.61, for a total value of $1,286,961.69. Following the completion of the transaction, the executive vice president now directly owns 58,612 shares in the company, valued at approximately $2,966,353.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kathleen M. Nelson sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $30.00, for a total transaction of $90,000.00. Following the completion of the transaction, the director now owns 45,129 shares of the company’s stock, valued at $1,353,870. The disclosure for this sale can be found here. 1.44% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rafferty Asset Management LLC raised its holdings in Apartment Investment and Management by 9.0% in the 4th quarter. Rafferty Asset Management LLC now owns 28,285 shares of the real estate investment trust’s stock worth $1,461,000 after acquiring an additional 2,346 shares during the last quarter. First Allied Advisory Services Inc. raised its holdings in Apartment Investment and Management by 215.6% in the 4th quarter. First Allied Advisory Services Inc. now owns 25,062 shares of the real estate investment trust’s stock worth $1,294,000 after acquiring an additional 17,122 shares during the last quarter. 6 Meridian raised its holdings in Apartment Investment and Management by 5.3% in the 1st quarter. 6 Meridian now owns 11,762 shares of the real estate investment trust’s stock worth $413,000 after acquiring an additional 593 shares during the last quarter. Pensionfund Sabic raised its holdings in Apartment Investment and Management by 35.1% in the 1st quarter. Pensionfund Sabic now owns 27,709 shares of the real estate investment trust’s stock worth $974,000 after acquiring an additional 7,200 shares during the last quarter. Finally, Norges Bank purchased a new position in Apartment Investment and Management in the 4th quarter worth approximately $84,979,000. Institutional investors own 98.43% of the company’s stock.

About Apartment Investment and Management

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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Analyst Recommendations for Apartment Investment and Management (NYSE:AIV)

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