Apartment Investment and Management (NYSE:AIV)‘s stock had its “hold” rating restated by Zacks in a research report issued to clients and investors on Friday. They currently have a $39.00 price target on the stock. Zacks‘s price objective suggests a potential downside of 0.96% from the company’s current price.
Zacks’ analyst wrote, “Aimco’s pro forma funds from operations (“FFO”) per share in fourth-quarter 2014 came in at $0.54 per share, missing the Zacks Consensus Estimate by $0.01 and the year-ago quarter figure by $0.03. Results were impacted by lower interest income and stalled average occupancy rate, partially offset by improving operating portfolio performance, enhanced contribution from redevelopment communities and lower interest expenses. Whatsoever, the company’s well diversified footprint, portfolio enhancement activity continue to strengthen its position in markets with high-growth potential. Yet, the adverse near-term effect of divestitures on earnings is unavoidable, while an anticipated rise in interest rates in the medium term remains a concern. “
A number of other analysts have also recently weighed in on AIV. Analysts at Robert W. Baird initiated coverage on shares of Apartment Investment and Management in a research note on Monday, March 16th. They set an “outperform” rating and a $42.00 price target on the stock. Analysts at MLV Co. set a $43.00 price target on shares of Apartment Investment and Management and gave the company a “hold” rating in a research note on Monday, February 9th. Analysts at Miller Tabak downgraded shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a research note on Monday, February 2nd. Finally, analysts at Barclays reiterated a “hold” rating and set a $40.00 price target on shares of Apartment Investment and Management in a research note on Thursday, January 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. Apartment Investment and Management presently has a consensus rating of “Hold” and a consensus price target of $38.43.
Shares of Apartment Investment and Management (NYSE:AIV) opened at 39.38 on Friday. Apartment Investment and Management has a 52-week low of $28.95 and a 52-week high of $41.55. The stock has a 50-day moving average of $38. and a 200-day moving average of $36.. The company has a market cap of $6.15 billion and a P/E ratio of 19.11.
Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by $0.01. The company had revenue of $242.20 million for the quarter, compared to the consensus estimate of $240.38 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. Analysts expect that Apartment Investment and Management will post $2.19 EPS for the current fiscal year.
In other Apartment Investment and Management news, CEO Terry Considine sold 104,058 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $41.06, for a total value of $4,272,621.48. The transaction was disclosed in a legal filing with the Securities Exchange Commission, which can be accessed through this link.
Apartment Investment and Management Company (NYSE:AIV) is a self-administered and self-managed real estate investment trust (REIT). The Company has two segments: conventional real estate operations, which consist of apartment communities that are classified as conventional same store, conventional redevelopment and other conventional apartment communities; and affordable real estate operations, which consists of apartment communities that are classified as affordable same store or other affordable.
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