Apartment Investment and Management Company (AIV) : The consensus on Apartment Investment and Management Company (AIV) based on 13 analyst recommendation on the company stock is 2.23, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Apartment Investment and Management Company (AIV) : Average target price received by Apartment Investment and Management Company (AIV) is $47.6 with an expected standard deviation of $2.84. The most aggressive target on the stock is $52, whereas the most downbeat target is $44. 10 financial analysts are currently covering the stock.
Also, Equity analysts at the Brokerage firm Canaccord Genuity maintains its rating on Apartment Investment and Management Company (NYSE:AIV). The rating major has initiated the coverage with hold rating on the shares. The Analysts at Canaccord Genuity raises the price target from $41 per share to $47 per share. The rating by the firm was issued on August 2, 2016.
Apartment Investment and Management Company (NYSE:AIV): After opening at $43.65, the stock dipped to an intraday low of $43.57 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $44.11 and the buying power remained strong till the end. The stock closed at $43.84 for the day, a gain of 0.37% for the day session. The total traded volume was 759,292. The stocks close on the previous trading day was $43.68.
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.