Apartment Investment & Management Co (AIV) Files Form 4 Insider Selling : Keith M Kimmel Sells 2,590 Shares

Apartment Investment & Management Co (AIV): Keith M Kimmel , Executive Vice President of Apartment Investment & Management Co sold 2,590 shares on May 10, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $43.13 per share for a total value of $111,711.62 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 11, 2016, Lisa R Cohn (Executive Vice President) sold 12,000 shares at $43.17 per share price.On May 9, 2016, Michael A Stein (director) sold 17,184 shares at $42.44 per share price.Also, On Mar 9, 2016, James N Bailey (director) sold 25,087 shares at $38.44 per share price.On Feb 1, 2016, Miles Cortez (Executive Vice President) sold 1,403 shares at $38.52 per share price.

Apartment Investment and Management Co: On Tuesday, May 10, 2016 heightened volatility was witnessed in Apartment Investment and Management Co which led to swings in the share price. The shares opened for trading at $43.2 and hit $43.62 on the upside , eventually ending the session at $43.1, with a gain of 0.16% or 0.07 points. The heightened volatility saw the trading volume jump to 10,56,213 shares. The 52-week high of the share price is $43.62 and the company has a market cap of $6,750 M . The 52-week low of the share price is at $34.71.

Apartment Investment and Management Co Money Flow Index Chart

Company has been under the radar of several Street Analysts.Apartment Investment and Management Co is Reiterated by Canaccord Genuity to Hold and the brokerage firm has raised the Price Target to $ 41 from a previous price target of $39 .The Rating was issued on May 2, 2016.Apartment Investment and Management Co is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 44 from a previous price target of $43 .The Rating was issued on May 2, 2016.Apartment Investment and Management Co is Downgraded by Robert W. Baird to Neutral and the brokerage firm has set the Price Target at $40. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 13, 2016.Apartment Investment and Management Co is Upgraded by Mizuho to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Mar 21, 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 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.

Leave a Reply

Apartment Investment and Management Co - Is it time to Sell?

Top Brokerage Firms are advising their investors on Apartment Investment and Management Co. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.