Apartment Investment & Management Co (AIV) Files Form 4 Insider Selling : Terry Considine Sells 81,101 Shares

Apartment Investment & Management Co (AIV): Terry Considine , Chairman & CEO of Apartment Investment & Management Co sold 81,101 shares on May 31, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $42.55 per share for a total value of $3,450,847.50 , 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 27, 2016, Robert A. Miller (director) sold 4,429 shares at $42.95 per share price.On May 27, 2016, John E Bezzant (Executive Vice President) sold 5,772 shares at $42.65 per share price.Also, On May 11, 2016, Keith M Kimmel (Executive Vice President) sold 2,590 shares at $43.13 per share price.On May 11, 2016, Lisa R Cohn (Executive Vice President) sold 12,000 shares at $43.17 per share price.

Shares of Apartment Investment and Management Co (AIV) ended Wednesday, Jun 1, 2016 session in red amid volatile trading. The shares closed down -0.77 points or -1.81% at $41.88 with 17,95,391 shares getting traded. Post opening the session at $42.25, the shares hit an intraday low of $41.7 and an intraday high of $42.6 and the price vacillated in this range throughout the day. The company has a market cap of $6,559 M and the number of outstanding shares has been calculated to be 15,66,05,150 shares. The 52-week high of Apartment Investment and Management Co is $43.62 and the 52-week low is $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 Downgraded by SunTrust to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jun 2, 2016.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.

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