SunTrust Banks set a $44.00 target price on Apartment Investment and Management (NYSE:AIV) in a research report released on Friday morning. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Several other brokerages also recently issued reports on AIV. Barclays reduced their price objective on Apartment Investment and Management from $48.00 to $47.00 and set an overweight rating for the company in a research note on Tuesday, January 30th. Zacks Investment Research downgraded Apartment Investment and Management from a hold rating to a sell rating in a research note on Monday, January 8th. Mizuho raised Apartment Investment and Management from an underperform rating to a neutral rating and set a $47.00 price target for the company in a research note on Monday, November 6th. BMO Capital Markets raised Apartment Investment and Management from an underperform rating to a market perform rating and set a $42.00 price target for the company in a research note on Friday. Finally, Raymond James Financial downgraded Apartment Investment and Management from a strong-buy rating to an outperform rating and cut their price target for the stock from $52.00 to $50.00 in a research note on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $46.45.

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Shares of Apartment Investment and Management (NYSE:AIV) traded down $0.07 during trading on Friday, reaching $38.41. The company had a trading volume of 1,130,000 shares, compared to its average volume of 1,310,000. The stock has a market cap of $6,030.00, a P/E ratio of -640.17, a P/E/G ratio of 2.57 and a beta of 0.47. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.59 and a current ratio of 0.65. Apartment Investment and Management has a 1 year low of $37.97 and a 1 year high of $46.72.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings data on Thursday, February 1st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.63. The firm had revenue of $250.23 million during the quarter, compared to the consensus estimate of $243.24 million. Apartment Investment and Management had a return on equity of 21.25% and a net margin of 31.19%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.60 EPS. research analysts forecast that Apartment Investment and Management will post 2.5 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Friday, February 16th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, February 15th. This is an increase from Apartment Investment and Management’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.96%. Apartment Investment and Management’s dividend payout ratio (DPR) is -2,533.33%.

In other news, EVP Miles Cortez sold 2,587 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $41.90, for a total transaction of $108,395.30. Following the transaction, the executive vice president now owns 102,456 shares of the company’s stock, valued at approximately $4,292,906.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Lisa R. Cohn sold 9,694 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $39.00, for a total value of $378,066.00. Following the transaction, the insider now directly owns 82,139 shares in the company, valued at approximately $3,203,421. The disclosure for this sale can be found here. Insiders have sold a total of 15,970 shares of company stock valued at $641,143 over the last ninety days. Company insiders own 1.20% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Vident Investment Advisory LLC acquired a new position in shares of Apartment Investment and Management during the 3rd quarter valued at about $202,000. Zeke Capital Advisors LLC acquired a new position in shares of Apartment Investment and Management during the 4th quarter valued at about $210,000. Allianz Asset Management GmbH acquired a new position in shares of Apartment Investment and Management during the 4th quarter valued at about $266,000. MANA Advisors LLC acquired a new position in shares of Apartment Investment and Management during the 4th quarter valued at about $288,000. Finally, Ellington Management Group LLC acquired a new position in shares of Apartment Investment and Management during the 4th quarter valued at about $345,000. 98.30% of the stock is currently owned by institutional investors and hedge funds.

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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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