Revenue Update on Apartment Investment and Management Co(NYSE:AIV)

Apartment Investment and Management Co(NYSE:AIV) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $251.22M. Analysts estimated a revenue of $239.77M. Earnings per share were $0.59. Analysts had estimated an EPS of $0.57.

In a different note, On Jul 19, 2016, Barclays said it Maintains its rating on Apartment Investment and Management Co. In the research note, the firm Raises the price-target to $47.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 19, 2016, Citigroup said it Maintains its rating on Apartment Investment and Management Co. In the research note, the firm Raises the price-target to $43.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 18, 2016, Citigroup said it Downgrades its rating on Apartment Investment and Management Co. In the research note, the firm Raises the price-target to $43.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jun 2, 2016, SunTrust Robinson Humphrey said it Downgrades its rating on Apartment Investment and Management Co. The shares have been rated ‘Neutral’ by the firm.

Apartment Investment and Management Co (AIV) shares turned negative on Thursdays trading session with the shares closing down -0.17 points or -0.38% at a volume of 9,89,005. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $45.18. The peak price level was also seen at $45.18 while the days lowest was $44.725. Finally the shares closed at $44.88. The 52-week high of the shares is $46.42 while the 52-week low is $34.71. According to the latest information available, the market cap of the company is $7,029 M.

Several Insider Transactions has been reported to the SEC. On Jun 30, 2016, Patti K Fielding (Executive Vice President) sold 10,000 shares at $43.00 per share price.Also, On Jun 2, 2016, Terry Considine (Chairman & CEO) sold 81,101 shares at $42.55 per share price.On May 27, 2016, Robert A. Miller (director) sold 4,429 shares at $42.95 per share price, according to the Form-4 filing with the securities and exchange commission.

Apartment Investment and Management Company (Aimco) is a self-administered and self-managed real estate investment trust (REIT). The Company operates through two segments: conventional real estate and affordable real estate. As of December 31 2014 the Company’s conventional portfolio consisted of 144 apartment communities with 43393 apartment homes in which it held an average ownership of approximately 97%. It also operates a portfolio of affordable apartment communities which consists of apartments with rents that are generally paid in whole or part by a government agency. As of December 31 2014 its affordable portfolio consisted of 59 apartment communities with 8943 apartment homes in which it held an average ownership of approximately 93%. Aimco through its wholly owned subsidiaries AIMCO-GP Inc. and AIMCO-LP Trust owns the ownership interests in the Aimco Operating Partnership.

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