Apartment Investment and Management Company (AIV) has risen sharply, recording gains of 0.09% in the past 4 weeks. However, the stock has corrected -0.11% 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 2.16% 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 2.07% and the 50-Day Moving Average is 2.3%.The 200 Day SMA reached 7.59% Apartment Investment and Management Company is up 6.08% in the last 3-month period. Year-to-Date the stock performance stands at 12.07%.
Apartment Investment and Management Company (AIV) stock is expected to deviate a maximum of $2.84 from the average target price of $47.6 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $52 and the most muted being $44.
For the current week, the company shares have a recommendation consensus of Buy. Apartment Investment and Management Company (NYSE:AIV): stock was range-bound between the intraday low of $43.575 and the intraday high of $43.9 after having opened at $43.69 on Fridays session. The stock finally closed in the red at $43.69, a loss of -0.14%. The stock remained in the red for the whole trading day. The total traded volume was 1,398,623 shares. The stock failed to cross $43.9 in Fridays trading. The stocks closing price on Thursday was $43.78.
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.