The stock of Apartment Investment and Management Co (NYSE:AIV) is a huge mover today! The stock decreased 4.14% or $1.77 on November 15, hitting $41.03. About 2.89M shares traded hands or 85.26% up from the average. Apartment Investment and Management Co (NYSE:AIV) has risen 5.37% since April 13, 2016 and is uptrending. It has outperformed by 1.44% the S&P500.
The move comes after 6 months negative chart setup for the $6.56 billion company. It was reported on Nov, 15 by Barchart.com. We have $37.75 PT which if reached, will make NYSE:AIV worth $524.80M less.
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 25 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Canaccord Genuity on Tuesday, August 2. UBS downgraded the stock to “Neutral” rating in Tuesday, September 15 report. As per Wednesday, April 13, the company rating was downgraded by Robert W. Baird. The stock has “Buy” rating given by SunTrust on Tuesday, July 21. As per Wednesday, September 9, the company rating was upgraded by Janney Capital. The firm has “Neutral” rating given on Monday, July 18 by Citigroup. The stock of Apartment Investment and Management Co (NYSE:AIV) has “Mkt Perform” rating given on Tuesday, September 15 by JMP Securities. The stock has “Overweight” rating given by Barclays Capital on Tuesday, July 19. Raymond James upgraded Apartment Investment and Management Co (NYSE:AIV) on Tuesday, October 20 to “Strong Buy” rating. SunTrust downgraded Apartment Investment and Management Co (NYSE:AIV) on Thursday, June 2 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.
Blackrock accumulated 349,402 shares or 0.02% of the stock. Louisiana State Employees Retirement Sys reported 10,300 shares or 0.02% of all its holdings. Raymond James & Assoc reported 23,828 shares or 0% of all its holdings. Aqr Cap Management Limited Liability Com has 0.01% invested in the company for 121,527 shares. Fifth Third Bancorporation, a Ohio-based fund reported 46,562 shares. Advantus Capital Management Inc holds 0.18% or 143,931 shares in its portfolio. Moreover, Numeric Investors Limited Com has 0% invested in Apartment Investment and Management Co (NYSE:AIV) for 6,600 shares. Thompson Davis Com holds 156 shares or 0.01% of its portfolio. Eaton Vance last reported 48,124 shares in the company. Strs Ohio has 234,363 shares for 0.05% of their US portfolio. Huntington Bank & Trust last reported 0% of its portfolio in the stock. Asset Mgmt, a Colorado-based fund reported 765 shares. Blackrock Institutional Tru Na, a California-based fund reported 6.16 million shares. The New York-based Pinebridge Invests Ltd Partnership has invested 0.04% in Apartment Investment and Management Co (NYSE:AIV). Robeco Institutional Asset Mngmt Bv has invested 0.05% of its portfolio in Apartment Investment and Management Co (NYSE:AIV).
Insider Transactions: Since May 26, 2016, the stock had 0 insider buys, and 8 insider sales for $13.17 million net activity. $369,236 worth of Apartment Investment and Management Co (NYSE:AIV) was sold by COHN LISA R on Wednesday, August 10. 7,000 shares with value of $316,750 were sold by CORTEZ MILES on Friday, August 5. The insider Beldin Paul sold $192,636. CONSIDINE TERRY also sold $7.97M worth of Apartment Investment and Management Co (NYSE:AIV) on Tuesday, August 2. Shares for $190,226 were sold by Miller Robert A. on Friday, May 27. 10,000 shares were sold by FIELDING PATTI K, worth $430,000 on Wednesday, June 29. Bezzant John E sold 5,772 shares worth $246,156.
Another recent and important Apartment Investment and Management Co (NYSE:AIV) news was published by Benzinga.com which published an article titled: “Diversity Protects Apartment Investment And Management Co From Risk” on August 02, 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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