In a report issued on August 10, Michael R Lewis from SunTrust Robinson reiterated a Buy rating on Apartment Investment & Management (NYSE: AIV), with a price target of $46. The company’s shares closed on Friday at $42.89.
According to TipRanks.com, Lewis is a 4-star analyst with an average return of 5.8% and a 67.5% success rate. Lewis covers the Financial sector, focusing on stocks such as Washington Real Estate Investment Trust, Easterly Government Properties, and Office Properties Trust.
Currently, the analyst consensus on Apartment Investment & Management is a Moderate Buy with an average price target of $44.33.
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Apartment Investment & Management’s market cap is currently $6.75B and has a P/E ratio of 454.34. The company has a Price to Book ratio of 4.53.
Based on the recent corporate insider activity of 28 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. It operates through Real Estate segment. The Real Estate segment consists primarily of market rate apartment communities, which holds a substantial equity ownership interest.
