BMO Capital analyst John Kim assigned a Hold rating to Apartment Investment & Management (AIV) yesterday and set a price target of $47. The company’s shares closed yesterday at $49.41, close to its 52-week high of $49.92.
According to TipRanks.com, Kim is a 4-star analyst with an average return of 4.5% and a 57.9% success rate. Kim covers the Financial sector, focusing on stocks such as National Health Investors, Sabra Healthcare REIT, and Mid-America Apartment.
Apartment Investment & Management has an analyst consensus of Moderate Buy, with a price target consensus of $48.40, a -2.0% downside from current levels. In a report released yesterday, Barclays also downgraded the stock to Hold with a $49 price target.
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Based on Apartment Investment & Management’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $2.91 million. In comparison, last year the company had a GAAP net loss of $34.43 million.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. Last month, Paul Beldin, the EVP – CFO of AIV bought 3,644 shares for a total of $32,504.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Apartment Investment & Management Co. operates as a real estate investment trust that engages in the acquisition, ownership, management and redevelopment of apartment properties. It operates through Real Estate segment. The Real Estate segment consists primarily of market rate apartment communities, which holds a substantial equity ownership interest.
