Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Apartment Investment and Management (AIV) Stock Price
News articles about Apartment Investment and Management (NYSE:AIV) have trended somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of 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 0.01 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 47.0077606822009 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Apartment Investment and Management (NYSE AIV) traded down $0.08 during trading on Monday, hitting $45.13. 764,800 shares of the stock traded hands, compared to its average volume of 1,074,229. The stock has a market capitalization of $7,086.46, a P/E ratio of 18.65, a P/E/G ratio of 2.68 and a beta of 0.47. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.59 and a current ratio of 0.59. Apartment Investment and Management has a 1-year low of $39.66 and a 1-year high of $46.85.
Apartment Investment and Management (NYSE:AIV) last released its earnings results on Thursday, October 26th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.51). Apartment Investment and Management had a return on equity of 13.81% and a net margin of 21.36%. The firm had revenue of $254.64 million during the quarter, compared to analysts’ expectations of $249.17 million. During the same period last year, the business earned $0.54 earnings per share. research analysts predict that Apartment Investment and Management will post 2.45 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, November 17th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Thursday, November 16th. Apartment Investment and Management’s payout ratio is presently 109.92%.
A number of analysts have commented on AIV shares. Zacks Investment Research downgraded shares of Apartment Investment and Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Robert W. Baird restated a “hold” rating and set a $46.00 price target on shares of Apartment Investment and Management in a research report on Tuesday, September 12th. Mizuho upgraded shares of Apartment Investment and Management from an “underperform” rating to a “neutral” rating and set a $47.00 target price on the stock in a report on Monday, November 6th. BidaskClub upgraded shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, BMO Capital Markets reiterated a “sell” rating on shares of Apartment Investment and Management in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Apartment Investment and Management has an average rating of “Hold” and an average target price of $47.40.
In other Apartment Investment and Management news, EVP Keith M. Kimmel sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $46.00, for a total value of $460,000.00. Following the completion of the sale, the executive vice president now directly owns 28,481 shares of the company’s stock, valued at $1,310,126. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Terry Considine sold 111,577 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $44.01, for a total transaction of $4,910,503.77. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
Apartment Investment and Management Company Profile
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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