In a report released yesterday, Ross L Smotrich from Barclays maintained a Hold rating on Apartment Investment & Management (AIV), with a price target of $51. The company’s shares closed yesterday at $50.89, close to its 52-week high of $51.50.
According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 7.1% and a 67.5% success rate. Smotrich covers the Financial sector, focusing on stocks such as Essential Properties Realty Trust Inc, Pennsylvania Real Estate Investment, and Kkr Real Estate Finance Trust Inc.
Currently, the analyst consensus on Apartment Investment & Management is a Hold with an average price target of $50.25.
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Based on Apartment Investment & Management’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $7.37 million. In comparison, last year the company had a net profit of $33.35 million.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock.
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Apartment Investment & Management Co. operates as a real estate investment trust that engages in the acquisition, ownership, management and redevelopment of apartment properties. The company was founded by Terry Considine in 1975 and is headquartered in Denver, CO.
