Apartment Investment and Management (NYSE:AIV) had its price objective lifted by SunTrust Banks from $50.00 to $54.00 in a report released on Friday morning, Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock. SunTrust Banks also issued estimates for Apartment Investment and Management’s Q4 2019 earnings at $0.65 EPS and FY2019 earnings at $2.50 EPS.

A number of other equities research analysts also recently commented on AIV. Mizuho raised Apartment Investment and Management from a neutral rating to a buy rating and set a $55.00 price objective for the company in a research report on Tuesday, August 6th. Zelman & Associates raised Apartment Investment and Management from a sell rating to a hold rating in a research report on Monday, August 12th. Goldman Sachs Group initiated coverage on Apartment Investment and Management in a research report on Friday, November 8th. They issued a buy rating and a $62.00 price objective for the company. TheStreet downgraded Apartment Investment and Management from a b rating to a c+ rating in a research report on Thursday, October 31st. Finally, BMO Capital Markets raised Apartment Investment and Management from a market perform rating to an outperform rating and lifted their price objective for the company from $56.00 to $58.00 in a research report on Friday, September 6th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $55.83.

Shares of NYSE:AIV opened at $52.35 on Friday. The company has a market cap of $8.01 billion, a P/E ratio of 20.53, a P/E/G ratio of 4.68 and a beta of 0.50. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 2.38. Apartment Investment and Management has a 52 week low of $42.06 and a 52 week high of $55.49. The business has a fifty day simple moving average of $53.97 and a 200-day simple moving average of $51.70.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.62). The business had revenue of $229.80 million during the quarter, compared to analysts’ expectations of $224.73 million. Apartment Investment and Management had a net margin of 37.98% and a return on equity of 19.60%. Apartment Investment and Management’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.61 EPS. Sell-side analysts expect that Apartment Investment and Management will post 2.49 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date was Thursday, November 14th. Apartment Investment and Management’s dividend payout ratio (DPR) is presently 61.18%.

Hedge funds have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. increased its stake in shares of Apartment Investment and Management by 1.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 15,498 shares of the real estate investment trust’s stock worth $808,000 after acquiring an additional 192 shares during the last quarter. 6 Meridian grew its holdings in shares of Apartment Investment and Management by 2.1% in the second quarter. 6 Meridian now owns 10,213 shares of the real estate investment trust’s stock valued at $512,000 after purchasing an additional 214 shares in the last quarter. Advisor Partners LLC grew its holdings in shares of Apartment Investment and Management by 5.7% in the third quarter. Advisor Partners LLC now owns 4,335 shares of the real estate investment trust’s stock valued at $226,000 after purchasing an additional 232 shares in the last quarter. USA Financial Portformulas Corp grew its holdings in shares of Apartment Investment and Management by 31.3% in the second quarter. USA Financial Portformulas Corp now owns 1,103 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 263 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in Apartment Investment and Management by 1.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 16,552 shares of the real estate investment trust’s stock worth $830,000 after buying an additional 297 shares during the last quarter. 99.02% of the stock is owned by hedge funds and other institutional investors.

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

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