A statement released earlier today by Barclays Capital about Apartment Investment & Management Co (NYSE:AIV) bumps the target price to $49.00
- Updated: April 20, 2017
Yesterday Apartment Investment & Management Co (NYSE:AIV) traded -0.56% lower at $43.86. The company’s 50-day moving average is $44.50 and its 200-day moving average is $43.85. The last stock close price is up 0.45% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 2,134,560 shares of the stock were exchanged, up from an average trading volume of 1,092,790
Stating a potential upside of 0.12%, Barclays Capital upped the price target of Apartment Investment & Management Co (NYSE:AIV) to $49.00
See Chart Below
Apartment Investment & Management Co has a 52 week low of $39.14 and a 52 week high of $47.91 with a P/E ratio of 16.50 The company’s market cap is currently $0.
In addition to Barclays Capital reporting its target price, a total of 15 firms have reported on the stock. The consensus target price is $43.93 with 5 firms rating the stock a strong buy, 5 firms rating the stock a buy, 8 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Apartment Investment & Management Co (NYSE:AIV)
Apartment Investment and Management Company (Aimco) is a self-administered and self-managed real estate investment trust (REIT). Aimco, through its subsidiaries, AIMCO-GP, Inc. and AIMCO-LP Trust, holds the ownership interests in the Aimco Operating Partnership. It operates through two segments: conventional real estate and affordable real estate. As of December 31, 2016, its real estate portfolio consisted of 189 apartment communities with 46,311 apartment homes. Aimco Operating Partnership conducts the Company's business, which is focused on the ownership, management, redevelopment and limited development of apartment communities located in the coastal and job growth markets of the United States. Its Conventional segment consists of apartment communities it classifies as Conventional Same Store and Conventional Non-Same Store. Its affordable portfolio consists primarily of apartment communities that it manages that are owned through low-income housing tax credit partnerships.
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