Apartment Investment and Management Co to Issue Quarterly Dividend of $0.39 (NYSE:AIV)

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Apartment Investment and Management Co (NYSE:AIV) declared a quarterly dividend on Tuesday, October 29th, RTT News reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.39 per share by the real estate investment trust on Tuesday, November 19th. This represents a $1.56 dividend on an annualized basis and a yield of 2.86%.

NYSE:AIV traded up $0.62 during trading hours on Wednesday, reaching $54.60. 594,615 shares of the stock were exchanged, compared to its average volume of 1,095,572. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 2.17. The business has a 50-day moving average of $52.71 and a two-hundred day moving average of $50.98. Apartment Investment and Management has a twelve month low of $42.06 and a twelve month high of $55.06. The company has a market capitalization of $8.03 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 4.80 and a beta of 0.54.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.01). Apartment Investment and Management had a return on equity of 49.61% and a net margin of 98.61%. The firm had revenue of $224.20 million for the quarter, compared to analyst estimates of $224.36 million. During the same quarter last year, the company earned $0.59 earnings per share. The firm’s revenue for the quarter was down 10.4% on a year-over-year basis. On average, research analysts forecast that Apartment Investment and Management will post 2.48 EPS for the current fiscal year.

In other news, Director Kathleen M. Nelson sold 2,400 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $50.16, for a total value of $120,384.00. Following the sale, the director now directly owns 44,329 shares in the company, valued at $2,223,542.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.83% of the stock is currently owned by company insiders.

AIV has been the topic of a number of research reports. Mizuho upgraded Apartment Investment and Management from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Tuesday, August 6th. BMO Capital Markets upgraded Apartment Investment and Management from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $56.00 to $58.00 in a research note on Friday, September 6th. Zelman & Associates upgraded Apartment Investment and Management from a “sell” rating to a “hold” rating in a research note on Monday, August 12th. SunTrust Banks upped their price target on Apartment Investment and Management from $49.00 to $50.00 and gave the stock a “hold” rating in a research note on Thursday, August 29th. Finally, Barclays set a $53.00 price target on Apartment Investment and Management and gave the stock a “hold” rating in a research note on Friday, October 11th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $53.17.

About Apartment Investment and Management

Aimco is a real estate investment trust focused on the ownership and management of quality apartment communities located in select markets in the United States. Aimco is one of the country's largest owners and operators of apartments, with ownership interests in 132 communities in 17 states and the District of Columbia.

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Dividend History for Apartment Investment and Management (NYSE:AIV)

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