November 29, 2016 - By Hazel Jackson · 0 Comments
Apartment Investment & Management Co (NYSE:AIV) institutional sentiment decreased to 1.06 in Q2 2016. Its down -0.20, from 1.26 in 2016Q1. The ratio worsened, as 139 institutional investors opened new or increased equity positions, while 110 trimmed and sold holdings in Apartment Investment & Management Co. The institutional investors in our partner’s database now possess: 156.08 million shares, down from 156.35 million shares in 2016Q1. Also, the number of institutional investors holding Apartment Investment & Management Co in their top 10 equity positions increased from 2 to 3 for an increase of 1. Sold All: 20 Reduced: 90 Increased: 118 New Position: 21.
Apartment Investment and Management Company is a self-administered and self-managed real estate investment trust. The company has a market cap of $6.70 billion. The Company, through its subsidiaries, AIMCO-GP, Inc. and AIMCO-LP Trust, holds the ownership interests in the Aimco Operating Partnership. It has a 159.26 P/E ratio. The Company’s divisions include conventional real estate and affordable real estate.
About 1.27M shares traded hands. Apartment Investment and Management Co (NYSE:AIV) has risen 2.71% since April 26, 2016 and is uptrending. It has underperformed by 2.55% the S&P500.
Analysts await Apartment Investment and Management Co (NYSE:AIV) to report earnings on February, 2. They expect $0.60 earnings per share, up 3.45% or $0.02 from last year’s $0.58 per share. AIV’s profit will be $95.53 million for 17.53 P/E if the $0.60 EPS becomes a reality. After $0.55 actual earnings per share reported by Apartment Investment and Management Co for the previous quarter, Wall Street now forecasts 9.09% EPS growth.
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.”
Waterfront Capital Partners Llc holds 4.43% of its portfolio in Apartment Investment and Management Co for 630,200 shares. Green Street Investors Llc owns 79,300 shares or 2.86% of their US portfolio. Moreover, Cohen & Steers Inc has 2.6% invested in the company for 22.63 million shares. The Illinois-based Heitman Real Estate Securities Llc has invested 2.48% in the stock. Daiwa Securities Group Inc., a Japan-based fund reported 8.69 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 6 sales for $9.40 million net activity.
Ratings analysis reveals 38% of Apartment Investment & Management Co’s analysts are positive. Out of 13 Wall Street analysts rating Apartment Investment & Management Co, 5 give it “Buy”, 1 “Sell” rating, while 7 recommend “Hold”. The lowest target is $38 while the high is $50. The stock’s average target of $45.33 is 7.72% above today’s ($42.08) share price. AIV was included in 25 notes of analysts from July 21, 2015. As per Thursday, October 20, the company rating was downgraded by JMP Securities. 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. Canaccord Genuity maintained Apartment Investment and Management Co (NYSE:AIV) on Tuesday, February 9 with “Buy” rating. UBS upgraded Apartment Investment and Management Co (NYSE:AIV) on Friday, July 1 to “Buy” rating. Raymond James upgraded the shares of AIV in a report on Tuesday, October 20 to “Strong Buy” rating. The rating was downgraded by UBS to “Neutral” on Tuesday, September 15. The firm earned “Hold” rating on Tuesday, August 2 by Canaccord Genuity. The company was downgraded on Monday, July 18 by Citigroup. The firm has “Buy” rating by SunTrust given on Tuesday, July 21. The firm has “Sell” rating given on Monday, November 9 by Miller Tabak.
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.
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.
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By Hazel Jackson