Apartment Investment and Management Company (AIV) : Analyst Rating Update

Apartment Investment and Management Company (AIV) : Zacks Investment Research ranks Apartment Investment and Management Company (AIV) as 3, which is a Hold recommendation. 7 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 14 research analysts is 2.14, which indicates as a Buy.

Apartment Investment and Management Company (AIV) : 11 investment research analysts covering Apartment Investment and Management Company (AIV) have an average price target of $43.27 for the near short term. The highest target price given by the Brokerage Firm to the stock is $47 and the lowest target is $38 for the short term. Analysts expect the variance to be within $2.87 of the average price.

Apartment Investment and Management Company (NYSE:AIV): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $45.10 and $44.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.42. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.26, notching a gain of 0.31% for the day. The total traded volume was 1,600,878 . The stock had closed at $45.12 on the previous day.

Also, UBS upgrades their rating on the shares of Apartment Investment and Management Company (NYSE:AIV). The current rating of the shares is Buy. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on July 1, 2016. The company shares have rallied 16.74% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $45.18 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $41.88 and the 200 Day Moving Average price is recorded at $40.09.

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.

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