The price of Apartment Investment and Management Company (NYSE:AIV) shares last traded on Wall Street fell -2.73% to $7.12.
Based on available information, 1 analysts follow Apartment Investment and Management Company (NYSE:AIV). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $4.09 and a low of $4.09, we find $4.09. Given the previous closing price of $7.32, this indicates a potential downside of -44.13 percent. AIV stock price is now -8.00% away from the 50-day moving average and -3.55% away from the 200-day moving average. The market capitalization of the company currently stands at $1.08B.
Among analysts, 1 rate the stock a hold while 0 rate it a buy. Brokers who have rated the stock have averaged $4.09 as their price target over the next twelve months.
With the price target maintained at $41, Scotiabank recently Upgraded its rating from Sector Underperform to Sector Perform for Apartment Investment and Management Company (NYSE: AIV). On September 18, 2020, Citigroup Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock reducing its target price from $40 to quote $33, while ‘BofA Securities’ rates the stock as ‘Neutral’.
In other news, Leupp Jay P, Director bought 2,145 shares of the company’s stock on May 31. The stock was bought for $13,545 at an average price of $6.31. Upon completion of the transaction, the Director now directly owns 2,145 shares in the company, valued at $15272.4. A total of 8.45% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AIV stock. A new stake in Apartment Investment and Management Company shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $21,314,000. BALYASNY ASSET MANAGEMENT LLC invested $12,187,000 in shares of AIV during the first quarter. In the first quarter, FEDERATED HERMES, INC. acquired a new stake in Apartment Investment and Management Company valued at approximately $3,425,000. D. E. SHAW & CO., INC. acquired a new stake in AIV for approximately $3,303,000. ENDEAVOUR CAPITAL ADVISORS INC purchased a new stake in AIV valued at around $2,842,000 in the second quarter. In total, there are 276 active investors with 92.10% ownership of the company’s stock.
A candlestick chart of Apartment Investment and Management Company (NYSE: AIV) showed a price of $7.33 on Tuesday morning. During the past 12 months, Apartment Investment and Management Company has had a low of $5.21 and a high of $9.77. The fifty day moving average price for AIV is $7.74 and a two-hundred day moving average price translates $7.39 for the stock.
The latest earnings results from Apartment Investment and Management Company (NYSE: AIV) was released for Jun, 2022. According to the REIT – Residential Company, earnings per share came in at $0.14, beating analysts’ expectations of -$0.07 by 0.21. This compares to -$0.03 EPS in the same period last year. The company reported revenue of $47.68 million for the quarter, compared to $42.89 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.17 percent. For the current quarter, analysts expect AIV to generate $216.91M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/30/2022. Investors who held shares on 09/14/2022 were paid a $0.02 dividend.
Apartment Investment and Management Company(AIV) Company Profile
Aimco is a Real Estate Investment Trust focused on property development, redevelopment, and various other value-creating investment strategies, targeting the U.S. multifamily market. Aimco’s mission is to make real estate investments where outcomes are enhanced through human capital and substantial value is created for investors, teammates, and the communities in which we operate. Aimco is traded on the New York Stock Exchange as AIV. For more information about Aimco, please visit our website www.aimco.com.