The stock of Apartment Investment and Management Co (NYSE:AIV) gapped down by $0.19 today and has $41.59 target or 7.00% below today’s $44.72 share price. The 9 months technical chart setup indicates high risk for the $7.06B company. The gap down was reported on Oct, 4 by Barchart.com. If the $41.59 price target is reached, the company will be worth $494.20M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock decreased 2.66% or $1.22 on October 3, hitting $44.72. Apartment Investment and Management Co (NYSE:AIV) has risen 18.09% since March 1, 2016 and is uptrending. It has outperformed by 5.87% the S&P500.
Analysts await Apartment Investment and Management Co (NYSE:AIV) to report earnings on November, 1. They expect $0.56 EPS, down 1.75% or $0.01 from last year’s $0.57 per share. AIV’s profit will be $88.41M for 19.96 P/E if the $0.56 EPS becomes a reality. After $0.59 actual EPS reported by Apartment Investment and Management Co for the previous quarter, Wall Street now forecasts -5.08% negative EPS growth.
Apartment Investment and Management Co (NYSE:AIV) Ratings Coverage
Out of 13 analysts covering Apartment Investment & Management Co (NYSE:AIV), 5 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 38% are positive. Apartment Investment & Management Co has been the topic of 23 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by Canaccord Genuity with “Hold” on Tuesday, August 2. The company was initiated on Tuesday, September 15 by JMP Securities. As per Monday, March 21, the company rating was upgraded by Mizuho. The stock has “Buy” rating given by Canaccord Genuity on Tuesday, February 9. On Thursday, June 2 the stock rating was downgraded by SunTrust to “Neutral”. The stock of Apartment Investment and Management Co (NYSE:AIV) has “Neutral” rating given on Wednesday, April 13 by Robert W. Baird. Barclays Capital upgraded Apartment Investment and Management Co (NYSE:AIV) rating on Wednesday, September 9. Barclays Capital has “Overweight” rating and $43 price target. The stock of Apartment Investment and Management Co (NYSE:AIV) earned “Hold” rating by Miller Tabak on Wednesday, September 9. The firm earned “Sell” rating on Monday, November 9 by Miller Tabak. The firm earned “Neutral” rating on Tuesday, September 15 by UBS.
According to Zacks Investment Research, “Apartment Investment and Management Company (Aimco) is a real estate investment trust headquartered in Denver, Colorado owning and operating a geographically diversified portfolio of apartment communities through 19 regional operating centers. Aimco, through its subsidiaries, operates approximately 1,800 properties, including approximately 327,000 apartment units, and serves approximately one million residents each year. Aimco’s properties are located in 47 states, the District of Columbia and Puerto Rico.”
Insitutional Activity: The institutional sentiment increased to 1.26 in 2016 Q2. Its up 0.11, from 1.15 in 2016Q1. The ratio increased, as 20 funds sold all Apartment Investment and Management Co shares owned while 90 reduced positions. 21 funds bought stakes while 118 increased positions. They now own 156.08 million shares or 0.17% less from 156.35 million shares in 2016Q1.
State Board Of Administration Of Florida Retirement System, a Florida-based fund reported 254,023 shares. Teacher Retirement Sys Of Texas accumulated 137,850 shares or 0.04% of the stock. Shinko Asset Management Co Ltd accumulated 380,273 shares or 0.12% of the stock. Putnam Investments Limited Liability Corp holds 0.03% of its portfolio in Apartment Investment and Management Co (NYSE:AIV) for 241,786 shares. Paradigm Asset Mgmt owns 2,950 shares or 0% of their US portfolio. Signaturefd Lc has invested 0% of its portfolio in Apartment Investment and Management Co (NYSE:AIV). Capstone Asset Mgmt accumulated 0.01% or 10,604 shares. James Invest Research owns 43 shares or 0% of their US portfolio. Ing Groep Nv holds 0% of its portfolio in Apartment Investment and Management Co (NYSE:AIV) for 5,541 shares. Da Davidson And accumulated 5,781 shares or 0.01% of the stock. Virginia Retirement Et Al last reported 0.07% of its portfolio in the stock. Moreover, 1St Advsr has 0.08% invested in Apartment Investment and Management Co (NYSE:AIV) for 13,003 shares. Quantitative Systematic Strategies Ltd Liability Co has invested 0.1% of its portfolio in Apartment Investment and Management Co (NYSE:AIV). Westpac accumulated 0% or 307,633 shares. Services last reported 32 shares in the company.
Insider Transactions: Since May 5, 2016, the stock had 0 insider buys, and 11 sales for $14.53 million net activity. STEIN MICHAEL A sold $729,289 worth of stock or 17,184 shares. On Tuesday, May 31 the insider CONSIDINE TERRY sold $3.45 million. 7,000 shares with value of $316,750 were sold by CORTEZ MILES on Friday, August 5. $518,078 worth of shares were sold by COHN LISA R on Tuesday, May 10. 10,000 Apartment Investment and Management Co (NYSE:AIV) shares with value of $430,000 were sold by FIELDING PATTI K. 4,218 Apartment Investment and Management Co (NYSE:AIV) shares with value of $192,636 were sold by Beldin Paul. Miller Robert A. sold $190,226 worth of Apartment Investment and Management Co (NYSE:AIV) on Friday, May 27.
Another recent and important Apartment Investment and Management Co (NYSE:AIV) news was published by Forbes.com which published an article titled: “Ex-Dividend Reminder: MMM, Park National and Apartment Investment & Management” on August 15, 2016.
AIV Company Profile
Apartment Investment and Management Company (Aimco), incorporated on January 10, 1994, 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. The Firm operates through two divisions: conventional real estate and affordable real estate. The Company’s conventional real estate segment includes over 140 apartment communities with over 40,460 apartment homes. The Company’s affordable real estate operation comprises approximately 60 apartment communities with over 8,680 apartment homes. The Firm owns and operates a portfolio of market-rate apartment communities. Aimco Operating Partnership conducts the Company’s business, which is focused on the ownership, management, redevelopment and limited development of apartment communities located in the coastal and job growth markets of the United States.
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