Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Apartment Investment and Management (NYSE:AIV) Stock Price
News headlines about Apartment Investment and Management (NYSE:AIV) have been trending somewhat positive on Friday, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Apartment Investment and Management earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 46.6101767731239 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s rankings:
- Brokers Offer Predictions for Apartment Investment and Management Company’s Q4 2018 Earnings (AIV) (americanbankingnews.com)
- Q3 2017 Earnings Forecast for Apartment Investment and Management Co (NYSE:AIV) Issued By SunTrust Banks (americanbankingnews.com)
- Apartment Investment and Administration Company (NYSE:AIV) Stock Lies in Overbought Territory (footballhebdo.com)
- See what the IHS Markit Score report has to say about Apartment Investment and Management Co. (finance.yahoo.com)
Apartment Investment and Management (AIV) traded down 0.42% during mid-day trading on Friday, reaching $45.55. 667,667 shares of the company were exchanged. The company’s 50 day moving average price is $44.03 and its 200-day moving average price is $44.21. Apartment Investment and Management has a 12-month low of $39.66 and a 12-month high of $47.91. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 35.87 and a beta of 0.44.
Apartment Investment and Management (NYSE:AIV) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. The company had revenue of $246.24 million during the quarter, compared to analysts’ expectations of $240.78 million. Apartment Investment and Management had a net margin of 20.64% and a return on equity of 12.46%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.59 EPS. On average, equities research analysts forecast that Apartment Investment and Management will post $0.50 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 18th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Wednesday, August 16th. Apartment Investment and Management’s payout ratio is presently 113.39%.
A number of brokerages have recently commented on AIV. BidaskClub raised shares of Apartment Investment and Management from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research raised shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a research note on Thursday, May 18th. Canaccord Genuity lowered their target price on shares of Apartment Investment and Management from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, May 2nd. Mizuho cut shares of Apartment Investment and Management from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $45.00 to $42.00 in a research note on Monday, July 10th. Finally, BMO Capital Markets reissued a “sell” rating and issued a $42.00 target price on shares of Apartment Investment and Management in a research note on Thursday, May 25th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Apartment Investment and Management currently has an average rating of “Hold” and a consensus target price of $46.88.
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.
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