Mizuho set a $39.00 target price on Apartment Investment and Management (NYSE:AIV) in a research report released on Friday morning. The brokerage currently has a hold rating on the real estate investment trust’s stock.

AIV has been the subject of a number of other research reports. Robert W. Baird reissued a hold rating and issued a $46.00 price objective on shares of Apartment Investment and Management in a research report on Tuesday, October 17th. BMO Capital Markets reissued a sell rating and issued a $44.00 price objective on shares of Apartment Investment and Management in a research report on Monday, November 27th. Zacks Investment Research raised Apartment Investment and Management from a sell rating to a hold rating in a research report on Wednesday, February 7th. TheStreet cut Apartment Investment and Management from a b- rating to a c+ rating in a research report on Friday, November 3rd. Finally, JMP Securities cut Apartment Investment and Management from an outperform rating to a market perform rating in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $46.64.

Shares of Apartment Investment and Management (AIV) opened at $39.27 on Friday. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.65 and a quick ratio of 0.59. The firm has a market capitalization of $6,155.81, a price-to-earnings ratio of 20.14, a PEG ratio of 2.29 and a beta of 0.41. Apartment Investment and Management has a 52-week low of $38.19 and a 52-week high of $46.85.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings data on Thursday, February 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.63. The firm had revenue of $250.23 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS. research analysts expect that Apartment Investment and Management will post 2.53 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Friday, February 16th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.52 dividend on an annualized basis and a yield of 3.87%. This is a boost from Apartment Investment and Management’s previous quarterly dividend of $0.36. Apartment Investment and Management’s payout ratio is currently 73.85%.

In other Apartment Investment and Management news, EVP Lisa R. Cohn sold 831 shares of Apartment Investment and Management stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $42.38, for a total transaction of $35,217.78. Following the completion of the sale, the executive vice president now owns 53,071 shares of the company’s stock, valued at approximately $2,249,148.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John E. Bezzant sold 7,564 shares of Apartment Investment and Management stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $44.77, for a total value of $338,640.28. Following the sale, the insider now directly owns 48,422 shares of the company’s stock, valued at approximately $2,167,852.94. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,840 shares of company stock valued at $601,718. 1.20% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of AIV. Vident Investment Advisory LLC acquired a new stake in Apartment Investment and Management during the 3rd quarter worth about $202,000. Shelton Capital Management purchased a new position in shares of Apartment Investment and Management during the 2nd quarter valued at about $246,000. CAPROCK Group Inc. purchased a new position in shares of Apartment Investment and Management during the 3rd quarter valued at about $251,000. Koch Industries Inc. raised its stake in shares of Apartment Investment and Management by 4,905.3% during the 2nd quarter. Koch Industries Inc. now owns 264,831 shares of the real estate investment trust’s stock valued at $259,000 after buying an additional 259,540 shares during the last quarter. Finally, Lourd Capital LLC purchased a new position in shares of Apartment Investment and Management during the 4th quarter valued at about $375,000. 99.74% of the stock is owned by institutional investors.

TRADEMARK VIOLATION WARNING: This news story was published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://theolympiareport.com/2018/02/13/apartment-investment-and-management-aiv-pt-set-at-39-00-by-mizuho.html.

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)

Receive News & Ratings for Apartment Investment and Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apartment Investment and Management and related companies with MarketBeat.com's FREE daily email newsletter.