BMO Capital Markets set a $42.00 price target on Apartment Investment and Management (NYSE:AIV) in a research report sent to investors on Monday. The brokerage currently has a sell rating on the real estate investment trust’s stock.

AIV has been the subject of a number of other reports. Robert W. Baird reiterated a hold rating and set a $46.00 price target on shares of Apartment Investment and Management in a research report on Tuesday, October 17th. Zacks Investment Research upgraded shares of Apartment Investment and Management from a sell rating to a hold rating in a report on Wednesday, February 7th. TheStreet cut shares of Apartment Investment and Management from a b- rating to a c+ rating in a report on Friday, November 3rd. JMP Securities cut shares of Apartment Investment and Management from an outperform rating to a market perform rating in a report on Tuesday, January 30th. Finally, Mizuho set a $39.00 price objective on shares of Apartment Investment and Management and gave the company a hold rating in a report on Friday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $46.64.

Apartment Investment and Management (AIV) opened at $39.27 on Monday. 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 52 week low of $38.19 and a 52 week high of $46.85. The company has a market cap of $6,155.81, a PE ratio of 16.06, a price-to-earnings-growth ratio of 2.29 and a beta of 0.41.

Apartment Investment and Management (NYSE:AIV) last issued its earnings results on Thursday, February 1st. The real estate investment trust reported $0.63 EPS for the quarter, hitting analysts’ consensus estimates of $0.63. Apartment Investment and Management had a net margin of 31.19% and a return on equity of 21.25%. The company had revenue of $250.23 million for the quarter, compared to the consensus estimate of $243.24 million. During the same period in the previous year, the firm earned $0.60 earnings per share. Apartment Investment and Management’s quarterly revenue was up 1.7% compared to the same quarter last year. equities analysts predict that Apartment Investment and Management will post 2.53 EPS for the current fiscal year.

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

In related news, insider John E. Bezzant sold 7,564 shares of Apartment Investment and Management stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $44.77, for a total value of $338,640.28. Following the completion of the transaction, the insider now owns 48,422 shares in the company, valued at $2,167,852.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Miles Cortez sold 2,587 shares of Apartment Investment and Management stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $41.90, for a total transaction of $108,395.30. Following the completion of the transaction, the executive vice president now owns 102,456 shares of the company’s stock, valued at approximately $4,292,906.40. The disclosure for this sale can be found here. Insiders sold 13,840 shares of company stock valued at $601,718 in the last quarter. 1.20% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of AIV. BlackRock Inc. lifted its position in shares of Apartment Investment and Management by 2.8% during the 4th quarter. BlackRock Inc. now owns 13,412,698 shares of the real estate investment trust’s stock worth $586,268,000 after buying an additional 359,716 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Apartment Investment and Management by 4.5% during the 3rd quarter. Principal Financial Group Inc. now owns 7,819,386 shares of the real estate investment trust’s stock worth $342,958,000 after buying an additional 337,427 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Apartment Investment and Management by 3.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,282,817 shares of the real estate investment trust’s stock worth $100,124,000 after buying an additional 74,305 shares during the last quarter. Uniplan Investment Counsel Inc. lifted its position in shares of Apartment Investment and Management by 2.0% during the 3rd quarter. Uniplan Investment Counsel Inc. now owns 886,931 shares of the real estate investment trust’s stock worth $38,900,000 after buying an additional 17,743 shares during the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in shares of Apartment Investment and Management during the 2nd quarter worth approximately $37,412,000. Institutional investors own 99.74% of the company’s stock.

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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.

Analyst Recommendations for Apartment Investment and Management (NYSE:AIV)

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