Stock of the Day: Does Apartment Investment and Management Co Have Any Gas After Today’s Big Increase?

Stock of the Day: Does Apartment Investment and Management Co Have Any Gas After Today's Big Increase?

The stock of Apartment Investment and Management Co (NYSE:AIV) is a huge mover today! Apartment Investment and Management Co (NYSE:AIV) has risen 10.57% since March 8, 2016 and is uptrending. It has outperformed by 1.26% the S&P500.
The move comes after 9 months positive chart setup for the $6.62 billion company. It was reported on Oct, 11 by Barchart.com. We have $69.65 PT which if reached, will make NYSE:AIV worth $4.37B more.

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 $88.35 million for 18.73 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. On Tuesday, December 15 the stock rating was upgraded by Citigroup to “Buy”. The rating was downgraded by Citigroup to “Neutral” on Monday, July 18. The firm has “Overweight” rating by Barclays Capital given on Wednesday, September 9. RBC Capital Markets maintained Apartment Investment and Management Co (NYSE:AIV) rating on Monday, May 2. RBC Capital Markets has “Sector Perform” rating and $44 price target. The stock of Apartment Investment and Management Co (NYSE:AIV) earned “Hold” rating by Canaccord Genuity on Tuesday, August 2. Canaccord Genuity maintained the stock with “Buy” rating in Tuesday, February 9 report. The stock of Apartment Investment and Management Co (NYSE:AIV) earned “Mkt Perform” rating by JMP Securities on Tuesday, September 15. Barclays Capital maintained it with “Overweight” rating and $50 target price in Tuesday, July 19 report. The stock of Apartment Investment and Management Co (NYSE:AIV) earned “Strong Buy” rating by Raymond James on Tuesday, October 20. Robert W. Baird downgraded the shares of AIV in a report on Wednesday, April 13 to “Neutral” rating.

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 is positive, 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.
Credit Suisse Ag holds 0.04% or 822,022 shares in its portfolio. Raymond James Services Advsrs Incorporated last reported 39,522 shares in the company. Pinebridge Investments Lp last reported 17,263 shares in the company. Sei Company last reported 355,268 shares in the company. Aperio Gp Lc has 38,983 shares for 0.01% of their US portfolio. Bnp Paribas Arbitrage has 22,989 shares for 0% of their US portfolio. Blackrock Fund Advsr holds 3.50 million shares or 0.03% of its portfolio. Principal Financial Grp Inc has 0.31% invested in the company for 5.09M shares. The New York-based New York State Common Retirement Fund has invested 0.03% in Apartment Investment and Management Co (NYSE:AIV). Heitman Real Est Limited Liability, a Illinois-based fund reported 1.03M shares. Westpac Banking has 0% invested in the company for 307,633 shares. Secor Limited Partnership accumulated 0.45% or 80,204 shares. Meiji Yasuda Asset Ltd last reported 5,240 shares in the company. Johnson Inv Counsel Inc reported 17,059 shares or 0.02% of all its holdings. Millennium Management Ltd Liability Corp last reported 1.58 million 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. Another trade for 12,000 shares valued at $518,078 was made by COHN LISA R on Tuesday, May 10. Another trade for 81,101 shares valued at $3.45 million was made by CONSIDINE TERRY on Tuesday, May 31. Miller Robert A. had sold 4,429 shares worth $190,226 on Friday, May 27. $192,636 worth of Apartment Investment and Management Co (NYSE:AIV) shares were sold by Beldin Paul. $430,000 worth of shares were sold by FIELDING PATTI K on Wednesday, June 29. $729,289 worth of Apartment Investment and Management Co (NYSE:AIV) was sold by STEIN MICHAEL A. Kimmel Keith M had sold 2,590 shares worth $111,712 on Tuesday, May 10.

More news for Apartment Investment and Management Co (NYSE:AIV) were recently published by: Benzinga.com, which released: “Diversity Protects Apartment Investment And Management Co From Risk” on August 02, 2016. Forbes.com‘s article titled: “Ex-Dividend Reminder: MMM, Park National and Apartment Investment & Management” and published on August 15, 2016 is yet another important article.

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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