BofA Securities upgraded shares of Apartment Investment and Management (NYSE:AIV) from an underperform rating to a neutral rating in a research note issued to investors on Monday morning, Briefing.com reports.

Several other analysts have also weighed in on the company. Goldman Sachs Group lowered Apartment Investment and Management from a buy rating to a neutral rating and decreased their price objective for the stock from $48.00 to $41.00 in a report on Wednesday, September 9th. Zacks Investment Research raised Apartment Investment and Management from a sell rating to a hold rating and set a $39.00 price objective on the stock in a report on Friday, September 4th. Zelman & Associates lowered Apartment Investment and Management from a hold rating to a sell rating in a report on Friday, July 17th. SunTrust Banks raised Apartment Investment and Management from a hold rating to a buy rating and lifted their price objective for the stock from $43.00 to $44.00 in a report on Thursday, June 18th. Finally, Bank of America lowered Apartment Investment and Management from a neutral rating to an underperform rating in a report on Monday, May 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $41.29.

AIV opened at $36.37 on Monday. The firm has a market capitalization of $5.41 billion, a P/E ratio of 30.06 and a beta of 0.76. The stock’s 50 day moving average price is $36.65 and its two-hundred day moving average price is $37.62. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 2.76. Apartment Investment and Management has a 12-month low of $24.53 and a 12-month high of $55.68.

Apartment Investment and Management (NYSE:AIV) last released its earnings results on Monday, August 3rd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.35). The business had revenue of $218.08 million during the quarter, compared to analyst estimates of $218.05 million. Apartment Investment and Management had a net margin of 20.09% and a return on equity of 10.05%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the business earned $0.60 EPS. As a group, analysts anticipate that Apartment Investment and Management will post 2.5 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 4.51%. The ex-dividend date of this dividend was Thursday, August 13th. Apartment Investment and Management’s dividend payout ratio is 65.60%.

A number of hedge funds have recently made changes to their positions in AIV. Smithfield Trust Co. bought a new position in Apartment Investment and Management in the 2nd quarter valued at $25,000. First Horizon Advisors Inc. bought a new position in Apartment Investment and Management in the 2nd quarter valued at $26,000. Sowell Financial Services LLC raised its position in Apartment Investment and Management by 1,083.8% in the 1st quarter. Sowell Financial Services LLC now owns 876 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 802 shares during the last quarter. Glenmede Trust Co. NA raised its position in Apartment Investment and Management by 129.4% in the 2nd quarter. Glenmede Trust Co. NA now owns 867 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 489 shares during the last quarter. Finally, FDx Advisors Inc. bought a new position in Apartment Investment and Management in the 1st quarter valued at $32,000.

Apartment Investment and Management Company Profile

Aimco is a real estate investment trust focused on the ownership and management of quality apartment communities located in select markets in the United States. Aimco is one of the country's largest owners and operators of apartments, with ownership interests in 132 communities in 17 states and the District of Columbia.

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

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