Market Runner: Can Apartment Investment and Management Co’s Tomorrow be Different? The Stock Declines Again

Market Runner: Can Apartment Investment and Management Co's Tomorrow be Different? The Stock Declines Again

The stock of Apartment Investment and Management Co (NYSE:AIV) is a huge mover today! Apartment Investment and Management Co (NYSE:AIV) has risen 14.74% since March 2, 2016 and is uptrending. It has outperformed by 6.49% the S&P500.
The move comes after 7 months negative chart setup for the $6.66 billion company. It was reported on Oct, 5 by Barchart.com. We have $39.26 PT which if reached, will make NYSE:AIV worth $466.20M less.

Analysts await Apartment Investment and Management Co (NYSE:AIV) to report earnings on November, 1. They expect $0.56 earnings per share, down 1.75% or $0.01 from last year’s $0.57 per share. AIV’s profit will be $88.36M for 18.84 P/E if the $0.56 EPS becomes a reality. After $0.59 actual earnings per share 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 firm has “Buy” rating by SunTrust given on Tuesday, July 21. The firm earned “Neutral” rating on Thursday, June 2 by SunTrust. As per Thursday, July 23, the company rating was initiated by Canaccord Genuity. The rating was upgraded by UBS on Friday, July 1 to “Buy”. Barclays Capital maintained Apartment Investment and Management Co (NYSE:AIV) on Tuesday, July 19 with “Overweight” rating. The stock of Apartment Investment and Management Co (NYSE:AIV) has “Buy” rating given on Monday, March 21 by Mizuho. The firm has “Neutral” rating by UBS given on Tuesday, September 15. The stock has “Buy” rating given by Janney Capital on Wednesday, September 9. The rating was maintained by Canaccord Genuity with “Hold” on Tuesday, August 2. The company was maintained on Tuesday, February 9 by Canaccord Genuity.

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 improved, 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.
Svcs Automobile Association has 47,810 shares for 0.01% of their US portfolio. New Mexico Educational Retirement Board has 0.08% invested in the company for 40,083 shares. Numeric Invsts Ltd Co has invested 0% of its portfolio in Apartment Investment and Management Co (NYSE:AIV). State Of New Jersey Common Pension Fund D owns 265,000 shares or 0.05% of their US portfolio. Great Lakes Advsr Limited holds 177,756 shares or 0.21% of its portfolio. Next Fin Inc reported 2,913 shares or 0.04% of all its holdings. Panagora Asset holds 0.2% or 913,485 shares in its portfolio. Clearbridge Limited Co has invested 0.02% of its portfolio in Apartment Investment and Management Co (NYSE:AIV). Mizuho Trust And reported 30,253 shares or 0% of all its holdings. Hsbc Plc owns 195,786 shares or 0.02% of their US portfolio. The Alabama-based Weiss Multi has invested 1.54% in Apartment Investment and Management Co (NYSE:AIV). Pub Sector Pension Board has 29,746 shares for 0.01% of their US portfolio. Amica Mutual has 12,800 shares for 0.05% of their US portfolio. Ascend Ltd Liability Corp accumulated 0.93% or 320,504 shares. Kemper Master Retirement Trust last reported 0.37% of its portfolio in the stock.

Insider Transactions: Since May 5, 2016, the stock had 0 insider purchases, and 11 selling transactions for $14.53 million net activity. 17,184 Apartment Investment and Management Co (NYSE:AIV) shares with value of $729,289 were sold by STEIN MICHAEL A. The insider Kimmel Keith M sold $111,712. The insider COHN LISA R sold $369,236. 10,000 Apartment Investment and Management Co (NYSE:AIV) shares with value of $430,000 were sold by FIELDING PATTI K. 4,429 shares with value of $190,226 were sold by Miller Robert A. on Friday, May 27. CONSIDINE TERRY sold $3.45M worth of Apartment Investment and Management Co (NYSE:AIV) on Tuesday, May 31. Shares for $316,750 were sold by CORTEZ MILES on Friday, August 5.

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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