Analyst Price Target Update on Apartment Investment and Management Company (NYSE:AIV)

Apartment Investment and Management Company (NYSE:AIV): 11 Analyst have given the stock of Apartment Investment and Management Company (NYSE:AIV) a near short term price target of $43.27. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $2.87. The higher price target estimate is at $47 while the lower price estimates are fixed at $38.

Many analysts have stated their opinion on the company shares. SunTrust Robinson Humphrey downgrades their rating on the shares of Apartment Investment and Management Company (NYSE:AIV). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on June 2, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Chairman & CEO) of Apartment Investment & Management Co, Considine Terry had sold 81,101 shares worth of $3,450,848 in a transaction dated May 31, 2016. In this transaction, 81,101 shares were sold at $42.55 per share.

Apartment Investment and Management Company (NYSE:AIV) : On Monday heightened volatility was witnessed in Apartment Investment and Management Company (NYSE:AIV) which led to swings in the share price. The stock opened for trading at $40.92 and hit $41.3 on the upside , eventually ending the session at $40.95, with a gain of 0.29% or 0.12 points. The heightened volatility saw the trading volume jump to 971,389 shares. The 52-week high of the share price is $43.62 and the company has a market cap of $6,413 million. The 52-week low of the share price is at $34.71 .

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 Companys conventional portfolio consisted of 144 apartment communities with 43,393 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 8,943 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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