Apartment Investment and Management Company (AIV) has risen sharply, recording gains of 0.2% in the past 4 weeks. However, the stock has corrected -2.22% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.74% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.93% and the 50-Day Moving Average is 2.05%.The 200 Day SMA reached 11.61%
Apartment Investment and Management Company (NYSE:AIV): The stock opened in the green at $46.93 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $46.96 and a low of $45.88 for the day. The stock did not find buyers even at the lows and closed at $45.91 recording a loss of -1.48%. 1,778,579 shares exchanged hands during the trading day. The stock had closed at $45.91 in the previous days trading.
Apartment Investment and Management Company (AIV) : 11 investment research analysts covering Apartment Investment and Management Company (AIV) have an average price target of $47.27 for the near short term. The highest target price given by the Brokerage Firm to the stock is $52 and the lowest target is $44 for the short term. Analysts expect the variance to be within $2.9 of the average price.
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.