Apartment Investment and Management Company (AIV) has been under a strong bear grip, hence the stock is down -0.08% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.95% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.88% in the last 1 week, and is up 3.28% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.02% and the 50-Day Moving Average is 6.95%. Apartment Investment and Management Company is up 15.66% in the last 3-month period. Year-to-Date the stock performance stands at 16.8%.
Apartment Investment and Management Company (NYSE:AIV): stock turned positive on Friday. Though the stock opened at $44.56, the bulls momentum made the stock top out at $46.42 level for the day. The stock recorded a low of $44.35 and closed the trading day at $45.97, in the green by 3.86%. The total traded volume for the day was 2,228,293. The stock had closed at $44.26 in the previous days trading.
Also, In the latest statement by the brokerage house, Barclays maintains its outlook on Apartment Investment and Management Company (NYSE:AIV). The current rating of the shares is Overweight, according to the research report released by the firm. The brokerage firm raises the price target from $47 per share to $50 per share. The rating by the firm was issued on July 19, 2016.
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.