Apartment Investment and Management (AIV) PT Set at $39.00 by Mizuho
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.
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.
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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.
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